The leverage of hedge funds

被引：0
|
作者：
Titman, Sheridan [1 ]
机构：
[1] Univ Texas Austin, Centennial Chair Financial Serv, McCombs Sch Business, Austin, TX 78712 USA
来源：
FINANCE RESEARCH LETTERS | 2010年 / 7卷 / 01期
关键词：
Hedge funds;
D O I：
10.1016/j.frl.2009.12.003
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Long-short hedge funds are often very highly levered, despite the costs of leverage that became apparent during the LTCM crisis in 1998 and the more recent episode in 2008. This note explores potential market imperfections that may explain the use of leverage. (C) 2009 Elsevier Inc. All rights reserved.
引用
收藏
页码：2 / 7
页数：6
相关论文
共 50 条
  • [31] Diversification in Funds of Hedge Funds: Is It Possible to Overdiversify?
    Brown, Stephen J.
    Gregoriou, Greg N.
    Pascalau, Razvan
    REVIEW OF ASSET PRICING STUDIES, 2012, 2 (01): : 89 - 110
  • [32] Diversification Strategies and the Performance of Funds of Hedge Funds
    Dai, Na
    Shawky, Hany A.
    JOURNAL OF ALTERNATIVE INVESTMENTS, 2012, 15 (02): : 75 - 85
  • [33] Reviewing the hedge funds literature II: Hedge funds' returns and risk management characteristics
    El Kalak, Izidin
    Azevedo, Alcino
    Hudson, Robert
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2016, 48 : 55 - 66
  • [34] Does diversity of derivatives use affect fund performance? Evidence from hedge funds and funds of hedge funds
    Peltomaki, Jarkko
    MANAGERIAL FINANCE, 2013, 39 (08) : 756 - 786
  • [35] Orange groves and hedge funds
    Easton, T
    FORBES, 1996, 158 (11): : 362 - 363
  • [36] Industry herding by hedge funds
    Caglayan, Mustafa Onur
    Celiker, Umut
    Sonaer, Gokhan
    EUROPEAN JOURNAL OF FINANCE, 2021, 27 (18): : 1887 - 1907
  • [37] Short Campaigns by Hedge Funds
    Appel, Ian
    Fos, Vyacheslav
    REVIEW OF FINANCIAL STUDIES, 2024, 37 (05): : 1460 - 1493
  • [38] Sensation Seeking and Hedge Funds
    Brown, Stephen
    Lu, Yan
    Ray, Sugata
    Teo, Melvyn
    JOURNAL OF FINANCE, 2018, 73 (06): : 2871 - 2914
  • [39] Death, Taxes, and Hedge Funds
    Anson, Mark
    JOURNAL OF ALTERNATIVE INVESTMENTS, 2015, 17 (03): : 111 - 114
  • [40] Hedge funds risk and connectedness
    Manicaro C.
    Falzon J.
    Journal of Asset Management, 2017, 18 (4) : 295 - 316
12345