The Optimal Interaction between a Hedge Fund Manager and Investor

Asymmetric Returns and Optimal Hedge Fund Portfolios

THE JOURNAL OF ALTERNATIVE INVESTMENTS 9 I t is now well established that the construction of optimal hedge fund portfolios requires techniques that reach well beyond traditional mean variance analysis. For example, Brooks and Kat [2002] demonstrate that various hedge fund strategies have more downside than upside risk—returns exhibit negative skew and excess kurtosis. Lo [2001] and Anson [2002...

The hedge fund revolution

Over the last half decade, asset flows into hedge funds have surged, the number of funds has expanded exponentially, and new products have emerged which allow investors to obtain hedge fund exposure via structured transactions. To many, this is due to a paradigm shift in investment management and constitutes a modern financial revolution. However, to others, hedge funds are simply investment st...

Optimal Hedge Fund Allocation with Asymmetric Preferences and Distributions

The Effect of Manager Gender on Hedge Fund Risk and Performance

PURPOSE OF THE STUDY: This master's thesis examines among the hedge funds managed by a sole manager, whether differences in perfomance and risk between ones managed by female (female funds) and ones managed by male managers (male funds) exists. For simplicity, in this study such differences are refered as the ”gender effects” of hedge fund managers. I also explore whether the gender effect on p...

GUILLERMO BAQUERO On Hedge Fund Performance , Capital Flows and Investor Psychology