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Presterar Hedgefonder bättre än traditionellt förvaltade fonder?
Karlstad University.
2011 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [sv]

Hedge funds have the past few years become an increasingly popular investment alternative and in the last decade hedge fund assets managed have quadrupled to USD 2000 billion, a growth rate of around 25-30% per year. One explanation for this substantial increase is that hedge funds' minimum limits on capital invested has declined, which have made ​​them available to retail investors. The recent turmoil in financial markets has also contributed to investors finding their way to hedge funds, whose goal is to generate stable returns regardless of how the market develops.

Using Sharpe’s, Treynor’s and Jensen's performance measures, I have investigated whether hedge funds manage to generate higher risk-adjusted returns than traditional managed funds. The data set for the funds’ returns have been collected from Handelsbanken's website and the time period examined is limited to the period 2006-02 to 2011-02. The results of performance measurements show that hedge funds have not been able to generate as high risk-adjusted returns as traditionally managed funds. When one analyzes the various hedge strategies performance it can be seen that stock arbitrage is the strategy that generates the highest risk-adjusted returns.

Place, publisher, year, edition, pages
2011. , 46 p.
Karlstad University Studies, ISSN 1403-8099
National Category
URN: urn:nbn:se:kau:diva-7558OAI: diva2:423048
Subject / course
Social and Behavioural Science, Law
Available from: 2011-07-01 Created: 2011-06-14 Last updated: 2011-07-01Bibliographically approved

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