This article gives an overview of the risk and return characteristics of hedge funds. Analyzing
the extensive research on hedge funds during the past two decades, this article discusses …

This study considers the 'contagion versus interdependence'controversy between hedge
funds and equity markets. We find that contagion effects break down the established …

We examine the dynamic contagion process of the equity market on 10 hedge fund styles.
We investigate the contagion mechanism for each style using single equation error …