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Hedge Fonds

Hedge Fonds


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About the Book

Inhaltsangabe: Einleitung: Da die Nachfrage nach Alternativen Investmentprodukten ständig steigt, besonders bei schlechtem Börsenumfeld, erscheint es notwendig, einen genauen Einblick in die Welt der Hedge Fonds zu geben. Die Arbeit will zur Aufklärung der folgenden Fragen beitragen: Wie sind Hedge Fonds konstruiert? Welche Eigenschaften, die man eventuell aus Traditionellen Anlagen nicht kennt, sind ihnen zu Eigen? Wie erwirtschaften Hedge Fonds ihre Rendite? Welche Strategien verwendet man hierfür? Welche Risiken und Probleme müssen beachtet werden? Was kann man aus dem Sonderfall des LTCM Hedge Fonds lernen? Die theoretischen Ausführungen sollen sich hierbei auf ein notwendiges Minimum zum Verständnis der Thematik beschränken. Nach diesen eher allgemeinen Punkten befasst sich der wesentliche Teil der Arbeit mit einer empirischen Studie des Hedge Fonds Marktes an Hand einer Stichprobe mit 1040 Fonds. Bei den Betrachtungen der Rendite und Volatilität kommen Vergleiche zu Traditionellen Investments zur Sprache. Die These, dass sie bei niedrigerem Risiko eine bessere Wertentwicklung generieren als andere Wertpapiere, soll kritisch analysiert werden. Es wird der Frage nachgegangen, in wie weit Portfolios durch die Beimischung von Hedge Fonds weiter optimiert werden können und ob die bereits angesprochene Unabhängigkeit vom allgemeinen Marktgeschehen tatsächlich vorhanden ist. Mittels multipler Regression soll der Einfluss von Aktien-, Renten- und Rohstoffmärkten ermittelt werden. Es wird dabei untersucht, in wie weit die Renditen von Hedge Fonds vorhersagbar sind. Ein Vergleich zu bisherigen Arbeiten auf diesem Gebiet dient der Einordnung der Ergebnisse. Da sich die Daten der Studie über 5 Jahre bis Ende September 2001 erstrecken, sind einige sehr interessante Entwicklungen im Beobachtungszeitraum repräsentiert: sowohl die Asienkrise 1997, der kometenhafte Aufstieg und Fall der Neuen Märkte, die wirtschaftliche Weltrezession des Jahres 2001 als auch die Terror


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Product Details
  • ISBN-13: 9783838655826
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 7 mm
  • Weight: 213 gr
  • ISBN-10: 3838655826
  • Publisher Date: 03 Jul 2002
  • Height: 210 mm
  • No of Pages: 116
  • Series Title: German
  • Sub Title: Eine empirische Analyse
  • Width: 148 mm


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