The contribution of this paper is to provide an overview and new empirical evidence on
hedge fund performance persistence, which has been a controversial issue in the academic …

The evaluation of equity mutual fund performance and identification factors that affect mutual
fund performance is of great interest to an investor in Indonesia. This study investigates the …

This paper investigates whether the increase in assets flowing into the hedge fund industry
diminishes returns and, in particular, whether larger hedge funds underperform smaller …

In this article, we study the potential relationship between mutual fund size and performance
in a general framework. We sequentially test for a linear and a quadratic relationship using …

The major contribution of this paper is to make use of generalized runs tests (Cho and White,
2011) to analyze the randomness, ie the lack of persistence, in both absolute and relative …

Purpose–Italian real estate mutual funds have shown enormous growth over the past few
years, however, little is known about their performance. The purpose of this paper is to …

Alfred Winslow Jones started a hedge fund in 1949, pioneering the con-cept and strategy of
using hedges to protect his portfolios against market declines. Though hugely successful …

In spite of a somewhat disappointing performance throughout the crisis, investors are
showing interest in hedge funds. Still, funds of hedge funds keep on experiencing outflows …

This paper examines the persistence of raw and risk-adjusted returns for equity long/short
hedge funds using the portfolio approach of Hendricks et al Only limited evidence of …

This paper summarizes the literature on hedge funds (HFs) developed over the last two
decades, particularly that which relates to managerial characteristics (a companion piece …