The hedge fund as the example of the alternative investment. The polish experience Cover Image

Inwestycja w fundusz hedgingowy jako przykład instrumentu alternatywnego. Doświadczenia polskie
The hedge fund as the example of the alternative investment. The polish experience

Author(s): Urszula Gierałtowska
Subject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: the hedge fund; alternative instruments; rate of return; risk

Summary/Abstract: Hedge funds have become one of important element of the capital market. The primary aim of most hedge funds is to reduce volatility and risk while attempting to preserve capital and deliver positive returns under all market conditions. Hedge funds vary enormously in terms of investment returns, volatility and risk. Despite the unfavorable position of the polish regulatory KNF which firmly opposes the distribution of offshore funds in the polish market, local funds have been established. Poland has become too the target of foreign companies which tend to set hedge funds in Poland so that they can offer hedge fund products to polish investors. The research in the polish capital market was carried in the period June 2007 - June 2012. The conducted study implies that diversification of investment risk based on alternative assets is necessary, because they are weakly correlated with traditional assets (stock index and currencies - euro, dollar) and another alternative assets (gold, silver), but generally the hedge funds are not a good investment for the polish investor.

  • Issue Year: 2013
  • Issue No: 63
  • Page Range: 127-142
  • Page Count: 16