The hedge fund industry since the global economic crisis of 2007-2009. Have global hedge funds put their money where their mouth is? Cover Image

The hedge fund industry since the global economic crisis of 2007-2009. Have global hedge funds put their money where their mouth is?
The hedge fund industry since the global economic crisis of 2007-2009. Have global hedge funds put their money where their mouth is?

Author(s): Piotr Wiśniewski
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: alternative asset management; hedge fund performance and efficiency; global financial crisis of 2007-2009

Summary/Abstract: The hedge fund industry represents a significant and viable alternative for mainstream investment business clientèle, as well as a growing number of sophisticated high net worth individuals. The hedge fund raison d’être has been relative independence of other (more traditional) asset classes and competitive return/risk characteristics. Although the global hedge fund community is still reeling from the turmoil of 2007-2009, it is not premature for a preliminary assessment of hedge funds’ performance during and post the recent global financial crisis. Early indications offer a mixed perspective. On the one hand, the hedge fund community as a whole showed considerable resilience to the global financial turmoil, on the other – its risk adjusted value creation success has been rather mediocre.

  • Issue Year: 2011
  • Issue No: 158
  • Page Range: 1099-1110
  • Page Count: 12
  • Language: English