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Investment performance of hedge funds

Author

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  • Aspadarec Waldemar

    (Szczecin University Faculty of Economics and Management Department of Finance Mickiewicza 64, 71-101 Szczecin, Poland)

Abstract

Economic function of hedge funds is exactly the same as the one performed by investment funds. In both cases managers are in charge of investors’ money. Investors hope that if they withdraw their money, they will recover their contribution and fair return. The first section of the article presents the essence of hedge funds. The second section discusses measures for assessing the effects of investment policy pursued by hedge funds. The third section analyses the investment performance of hedge funds compared to S&P 500 index. The results of the analysis enabled the author to state that hedge funds achieve considerably higher rates of return regardless of market situation.

Suggested Citation

  • Aspadarec Waldemar, 2013. "Investment performance of hedge funds," Folia Oeconomica Stetinensia, Sciendo, vol. 13(1), pages 174-185, December.
    • Handle: RePEc:vrs:foeste:v:13:y:2013:i:1:p:174-185:n:1
    DOI: 10.2478/foli-2013-0001
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    References listed on IDEAS

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    1. Michael C. Jensen, 1968. "The Performance Of Mutual Funds In The Period 1945–1964," Journal of Finance, American Finance Association, vol. 23(2), pages 389-416, May.
    2. Liang, Bing, 2000. "Hedge Funds: The Living and the Dead," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 35(3), pages 309-326, September.
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    Keywords

    hedge funds; financial market;

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