Hedge funds with style - Style analysis and management are crucial to success.

被引：78

作者：

Brown, SJ ^{[1
]}

Goetzmann, WN

机构：

[1] NYU, Stern Sch Business, New York, NY 10012 USA

[2] Yale Univ, Sch Management, New Haven, CT 06520 USA

来源：

JOURNAL OF PORTFOLIO MANAGEMENT | 2003年 / 29卷 / 02期

关键词：

D O I：

10.3905/jpm.2003.319877

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The popular perception is that hedge funds follow a reasonably well-defined market-neutral investment style. Investigation of the monthly return history of hedge funds over 1989-2000, however, finds there are it fact distinct styles of management that account for about 20% of the cross-sectional variability in performance. This result is consistent across the years in the sample and robust as to the way investment style is determined. Appropriate style analysis and style management are crucial to success for investors looking to invest in hedge funds.

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页码：101 / +

页数：13

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