Reviewing the hedge funds literature I:hedge funds and hedge funds' managerial characteristics

Abstract

This paper summarizes the literature on hedge funds (HFs) developed over the last two decades, particularly that which relates to managerial characteristics (a companion piece covers the return and risk management characteristics of HFs). It classifies, the current HF literature, suggesting which critical problems have been “solved” and which problems have not been yet adequately addressed. It also discusses the effects of past financial regulation and the prospects for the effect of new financial regulation on the HF industry and its performance and risk management practices, and suggests new avenues for research. Furthermore, it highlights the importance of managerial characteristics for HF performance, and the successes and the shortfalls to date in developing more sophisticated HF-related risk management tools.

Publication DOI: https://doi.org/10.1016/j.irfa.2016.09.008
Divisions: College of Business and Social Sciences > Aston Business School
Additional Information: © 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: hedge funds,hedge funds characteristics,hedge funds managers,managerial characteristics
Publication ISSN: 1873-8079
Last Modified: 13 May 2024 07:15
Date Deposited: 31 Oct 2016 13:15
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Related URLs: https://www.sci ... 1302?via%3Dihub (Publisher URL)
PURE Output Type: Article
Published Date: 2016-12-01
Published Online Date: 2016-09-21
Accepted Date: 2016-09-12
Submitted Date: 2016-09-01
Authors: El Kalak, Izidin
Azevedo, Alcino (ORCID Profile 0000-0002-4751-6085)
Hudson, Robert

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