Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 58 for “"Hedge Fund"”.
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Hedge Fund Essays
This dissertation analyzes hedge fund leverage and its determinants, investigates optimal hedge fund manager behavior induced by hedge fund contracts, and uncovers an evidence of a hedge fund transparency risk premium. The first essay investigates the leverage of hedge funds in the time series and …
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Hedge fund factorisation and benchmarking: Understanding hedge fund performance, benchmarking and the reward system for hedge fund managers
Hedge funds give portfolio managers access to more tools to aid in better portfolio construction. The introduction of tools such as leveraging and shorting provided managers with the ability to augment exposures to different asset classes. The result is the ability to create portfolios with …
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Hedge fund structured products
… their asset allocation strategies. Interest in hedge funds and alternative investment styles is growing as investors realize these investments offer better return potential with relatively low correlation to traditional asset classes. However, returns of hedge funds have been somewhat lackluster …
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ESSAYS IN HEDGE FUND GOVERNANCE
… new evidence and address critical gaps in hedge fund governance literature. The first paper address a critical gap in prior literature of hedge fund board of directors, an emerging topic of importance in hedge fund governance literature. We study investor reaction to removal of independent …
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Hedge Fund Performance and Derivative Hedging
… is comprised of three essays which focus on hedge fund performance and derivative hedging. The first essay uses ETF returns as proxies for tradable risk factors in hedge fund performance evaluation and identifies contemporaneously relevant risk factors from the entire universe of ETFs. The …
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Essays on Hedge Fund Activism and Family Firm
This dissertation has two essays covering hedge fund activism and family firm. In the first essay of my dissertation, I investigate how hedge fund activism reengineer corporate culture of targeted firms. By using culture measures based on the Q&A section of earnings conference calls, I find that …
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Essays on Hedge Fund Performance and Corporate Governance
The hedge fund industry aggregate is approximately US$ 3.61tn assets under management (Prequin, 2020). Despite the significance of these numbers and their potential effect on the global economic stability, the literature remains silent regarding domicile-strategic related aspects of performance, …
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Essays on hedge fund risk, return and incentives
… is no legal or regulatory of what constitutes a hedge fund, though the generally accepted definition is that they are unregulated pools that invest in any asset class as well as derivative securities and use long and short positions, as well as leverage where the manager is compensated with a …
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Essays in hedge fund replication, evaluation and synthetic funds
… returns with statistical properties similar to hedge funds. It is shown that this technique is not only capable of replicating fund of funds returns, but is equally well suited for the replication of individual hedge fund returns. Since replication is accomplished by trading futures on …
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Hedge Fund Ownership and Auditor-Client Contracting In U.S. Firms
<p>Hedge funds have grown rapidly in the last two decades, from managing assets worth approximately $600 billion in 2003 to over $3 trillion in 2017. As hedge funds themselves have grown, so too have concerns about their involvement with publicly traded companies and their effect on various …
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Hedge fund of funds investment process : a South African perspective
… is to develop and test an investment process for hedge fund of funds (HFoFs) in South Africa. The dissertation proposes a three tiered process, adapted from the works of Lo (2008). Step one of the proccess involves the categorisation of hedge funds into broadly defined groups based on predefined …
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Investments unwrapped : demystifying and automating technical analysis and hedge-fund strategies
… to model two common investment strategies: hedge funds and technical analysis. Our models provide transparent and low-cost alternatives to these two nontransparent, and in some cases prohibitively costly, financial approaches. In the case of hedge funds, we estimate linear factor models to …
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Three Essays on Political Risk, Economic Policy Uncertainty, and Hedge Fund Returns
… political risk, economic policy uncertainty, and hedge fund returns, employing a sample over a period of 1990-2017. The first essay investigates the relation between political risk and hedge fund returns and assesses whether the effects of political risk on hedge fund returns will vary across …
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The Evolution of Hedge Fund Activism: From Corporate Raiders to Sustainability Crusaders?
The prevailing rhetoric associated with hedge fund activism is almost universally negative. This thesis provides new evidence of activist hedge fund behavior that contradicts this dominant narrative. The principal idea underpinning the thesis is that the conventional picture of hedge fund activism …
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A hedge fund business plan : investment theory, operations, and capital raising for Broadgates Capital Management
Launching a start-up hedge fund is a complex, multifaceted endeavor that requires an understanding of the interconnectivity between capital raising, investment strategy, regulation, and fund operations. The purpose of this document is to explore each of these categories and provide a plan for the …
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What drives hedge fund returns? : models of flows, autocorrelation, optimal size, limits to arbitrage and fund failures
Hedge funds provide an opportunity for investing with few government regulations and high potential returns. Since 1980 this has lead to the dramatic, 25% annual increase in the number of hedge funds, and with nearly $700 billion managed by hedge funds in 2003. However, high risks associated with …
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A Markowitz mean-variance analysis of hedge fund investments for multi-asset class portfolio holders in South Africa
This research aims to provide insight into the hedge fund industry in South Africa. The focus is on retirement funds and the use of hedge funds in a multi-asset class portfolio. Diversification is an important tool for portfolio managers who make use of correlation to achieve higher risk-adjusted …
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Factor-based replication of hedge funds using a state space model
… technique may be used to improve the quality of hedge fund replication, compared to existing replication techniques. This study uses the Kalman filter technique, along with three variations of the rolling-window regression technique, to create clones which attempt to replicate the returns of …
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