INSTITUTIONAL CHARACTERISTICS OF HEDGE FUNDS Cover Image

ИНСТИТУЦИОНАЛНА ХАРАКТЕРИСТИКА НА ХЕДЖ ФОНДОВЕТЕ
INSTITUTIONAL CHARACTERISTICS OF HEDGE FUNDS

Author(s): Alexander Ganchev
Subject(s): Economy, Financial Markets
Published by: Стопанска академия »Д. А. Ценов«
Keywords: hedge funds;collective investment schemes

Summary/Abstract: This article reviews the institutional characteristics of hedge funds based on their comparison with traditional collective investment schemes and investment funds. The study arrives at the conclusion that hedge funds are highly leveraged boutique investment funds of a quasi-open nature that apply active portfolio management in order to obtain high absolute yield regardless of the behavior of financial markets when conducting their activity in an environment of little transparency and legislative and institutional regulation.

  • Issue Year: 25/2015
  • Issue No: 1
  • Page Range: 21-41
  • Page Count: 20
  • Language: Bulgarian