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The Performance of Hedge Funds

The Performance of Hedge Funds


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About the Book

Studienarbeit aus dem Jahr 2007 im Fachbereich BWL - Allgemeines, Note: 1,3, Johann Wolfgang Goethe-Universität Frankfurt am Main (Lehrstuhl für Volkswirtschaftswirtschaftslehre, insbesondere Industrieökonomie Prof. Dr. Uwe Walz), Veranstaltung: Wettbewerbspolitik und Regulierung von Finanzintermediären, Sprache: Deutsch, Abstract: Die vorliegende Seminararbeit befasst sich, auf Basis des von Ackermann, McEnally und Ravenscraft (Ackermann et al.) verfassten Artikels "The Performance of Hedge Funds: Risk, Return, and Incentives", mit der Analyse der Performance von Hedge Funds. Im Rahmen dieses Artikels werden Untersuchungen der Performance-Komponenten, Rendite und Risiko, mit Hilfe statistischer Verfahren beschrieben und deren Ergebnisse dargestellt. Ziel dieser Untersuchungen war es zum einen zu erforschen, ob Hedge Funds in der Lage sind den Markt bzw. vergleichbare Anlageformen konstant zu übertreffen. Hierfür wurden Performance-Vergleiche zwischen Hedge Funds und repräsentativen Marktindices bzw. Mutual Funds vorgenommen. Zum anderen sollte der Einfluss bestimmter Hedge Funds Eigenschaften auf die Performance erforscht werden. Diese Zusammenhänge wurden mittels einer multiplen Regression analysiert. Der Artikel von Ackermann et al. geht neben der Vorgehensweise und den Resultate der Untersuchungen auch auf möglicherweise auftretende Probleme und systematische Messfehler der Analyse von Hedge Funds Daten ein. In der vorliegenden Seminararbeit sollen die wichtigsten Gesichtspunkte des Artikels wiedergeben werden. Es wird daher in Kapitel 2 zunächst ein kurzer Überblick über die Anlageform Hedge Funds gegeben, bevor in Kapitel 3 auf die statistischen Untersuchungen von Ackermann et al. näher eingegangen wird. In Kapitel 4 sollen dann die Resultate der Untersuchungen vorgestellt und kurz mögliche Interpretationen dargestellt werden. Anschließend werden in Kapitel 5 die systematischen Messfehler, welche bei der Analyse von Hedge Funds Daten auftreten können, erläuter


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Product Details
  • ISBN-13: 9783638938631
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 2 mm
  • Weight: 113 gr
  • ISBN-10: 3638938638
  • Publisher Date: 30 Apr 2008
  • Height: 210 mm
  • No of Pages: 36
  • Series Title: German
  • Sub Title: Risk, Return, and Incentives
  • Width: 148 mm


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