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Reviewing the Hedge Funds Literature II: Hedge Funds’ Returns and Risk Management Characteristics

El Kalak, Izidin, Azevedo, Alcino, Hudson, Robert (2016) Reviewing the Hedge Funds Literature II: Hedge Funds’ Returns and Risk Management Characteristics. International Review of Financial Analysis, 48 . pp. 55-66. ISSN 1057-5219. (doi:10.1016/j.irfa.2016.09.006) (KAR id:57285)

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Official URL
https://doi.org/10.1016/j.irfa.2016.09.006

Abstract

This paper summarizes the literature on hedge funds (HFs) developed over the last two decades, particularly that which relates to risk management characteristics (a companion piece investigates the managerial characteristics of HFs). It discusses the successes and the shortfalls to date in developing more sophisticated risk management frameworks and tools to measure and monitor HF risks, and the empirical evidence on the role of the HFs and their investment behaviour and risk management practices on the stability of the financial system. It also classifies the HF literature considering the most recent contributions and, particularly, the regulatory developments after the 2007 financial crisis.

Item Type: Article
DOI/Identification number: 10.1016/j.irfa.2016.09.006
Uncontrolled keywords: Hedge Funds; Return characteristics, Risk management characteristics.
Subjects: H Social Sciences > HG Finance
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Depositing User: Izidin El Kalak
Date Deposited: 14 Sep 2016 12:00 UTC
Last Modified: 16 Feb 2021 13:37 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/57285 (The current URI for this page, for reference purposes)
El Kalak, Izidin: https://orcid.org/0000-0002-2992-4042
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