Economics, Econometrics and Finance
3 years ago

Hedge Funds Boost Portfolio Value, Outperforming Investment Trusts

SSRN Electronic Journal
Do Hedge Funds Add Value to a Portfolio Dominated by Investment Trusts
Michel Guirguis

Paper Summary

Hedge funds were studied to see if they add value to a portfolio dominated by investment trusts. The study looked at event-driven hedge funds from 1998 to 2003, focusing on financial, economic, and political events that could affect the fund's performance. The hedge funds were found to have significant positive alphas, meaning they added value to the portfolio.

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