| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21449 |
| 来源ID | Working Paper 21449 |
| Hedge Funds: A Dynamic Industry In Transition | |
| Mila Getmansky; Peter A. Lee; Andrew W. Lo | |
| 发表日期 | 2015-08-17 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The hedge-fund industry has grown rapidly over the past two decades, offering investors unique investment opportunities that often reflect more complex risk exposures than those of traditional investments. In this article we present a selective review of the recent academic literature on hedge funds as well as updated empirical results for this industry. Our review is written from several distinct perspectives: the investor's, the portfolio manager's, the regulator's, and the academic's. Each of these perspectives offers a different set of insights into the financial system, and the combination provides surprisingly rich implications for the Efficient Markets Hypothesis, investment management, systemic risk, financial regulation, and other aspects of financial theory and practice. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Institutions |
| URL | https://www.nber.org/papers/w21449 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579124 |
| 推荐引用方式 GB/T 7714 | Mila Getmansky,Peter A. Lee,Andrew W. Lo. Hedge Funds: A Dynamic Industry In Transition. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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