Results 211 to 220 of about 64,708 (263)
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Diversification in the hedge fund industry
Journal of Corporate Finance, 2010Abstract We provide evidence of a significant relation between diversification and performance in the hedge fund industry. Measuring diversification across four distinct dimensions, we find a significant positive relation between hedge fund performance and diversification across sectors and asset classes.
Hany A. Shawky +2 more
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Diversification in Funds of Hedge Funds: Is it Possible to Overdiversify?
SSRN Electronic Journal, 2011Many institutions are attracted to diversified portfolios of hedge funds, referred to as Funds of Hedge Funds (FoHFs). In this article, we examine a new database that separates out for the first time the effects of diversification (the number of underlying hedge funds) from scale (the magnitude of assets under management).
Stephen J. Brown +2 more
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Diversification Strategies and the Performanceof Funds of Hedge Funds
The Journal of Alternative Investments, 2010Funds of hedge funds are diversified investment vehicles that provide investors with diversification either across managers within a specific hedge fund strategy or across a wide range of hedge fund strategies. In this paper, we contrast the performance of funds of hedge funds that diversify across managers (but stay within a single hedge fund strategy)
Na Dai, Hany A. Shawky
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Diversification Benefits of Funds of Hedge Funds
The Journal of Alternative Investments, 2007This article introduces a new analytic framework to assess the risk/return profile of hedge funds and funds of hedge funds. As alternatives to the traditional time-series mean and standard deviation, the cross-sectional average and dispersion of the terminal wealth accumulated from an investment in baskets of hedge funds are used here.
Anne-Valere Amo +2 more
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The Journal of Alternative Investments, 2002
There are many benefits to investing in hedge funds, particularly when using a diversified multi-strategy approach. Over recent years, multi-strategy funds of hedge funds have flourished and are now the favorite investment vehicle of institutional investors exploring the world of alternative investments.
Francois Serge Lhabitant +1 more
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There are many benefits to investing in hedge funds, particularly when using a diversified multi-strategy approach. Over recent years, multi-strategy funds of hedge funds have flourished and are now the favorite investment vehicle of institutional investors exploring the world of alternative investments.
Francois Serge Lhabitant +1 more
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Portfolio selection, diversification and fund-of-funds: a note
Accounting and Finance, 2005The present paper examines the performance and diversification properties of active Australian equity fund-of-funds (FoF). Simulation analysis is employed to examine portfolio performance as a function of the number of funds in the portfolio. The present paper finds that as the number of funds in an FoF portfolio increases, performance improves in a ...
Brands, Simone, Gallagher, David R.
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Style-neutral funds of funds: Diversification or deadweight?
Journal of Asset Management, 2011This article aims to determine whether style-neutral portfolios built out of value and growth equity/mutual funds deliver benefits in terms of returns and diversification or whether they result in costly benchmark tracking products. We analyze style-neutral portfolios by building synthetic funds of funds (FoFs) out of both value- and growth-oriented ...
Stein, M., Rachev, S. T.
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Diversification and Persistence in Hedge Funds
SSRN Electronic Journal, 2005We examine the current fund of hedge funds universe, and find that funds of hedge funds report holding between 1 and 200 underlying funds, and generally hold 10-30, with close to 20 on average. We regress the performance of this universe on the number of holdings and find that return is practically orthogonal to the number of underlying hedge funds ...
Craig W. French +2 more
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International Entrepreneurship and Management Journal, 2012
The paper tests different theories of how diversification by Venture Capital (VC) firms affects fund performance. The Financial Intermediation and the Resource-based Theory suggest that lower financial risk associated with diversification implies a lower return.
Cressy R. +2 more
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The paper tests different theories of how diversification by Venture Capital (VC) firms affects fund performance. The Financial Intermediation and the Resource-based Theory suggest that lower financial risk associated with diversification implies a lower return.
Cressy R. +2 more
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Funds of Funds: Diversification, Selection or Expense Arbitrage?
2007The bull market in the USA during the 1990s resulted in an unprecedented number of investors choosing to invest in equities and in equity mutual funds. As of 30 June 2005 the market value of the stocks held in mutual fund portfolios accounted for nearly 22 percent of total US stockmarket capitalization versus 5 percent at the close of 1985.1 In ...
Clark L. Maxam +2 more
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