Investment funds: What next?

Show simple item record Cuthbertson, Keith Nitzsche, Dirk O'Sullivan, Niall 2014-11-27T13:15:20Z 2014-11-27T13:15:20Z 2008-06
dc.identifier.citation Cuthbertson, K., Nitzsche, D. and N. O' Sullivan ; (2008) 'Investment Funds: What Next?'. Quantitative and Qualitative Analysis in Social Sciences, 2 (2):45-62. en
dc.identifier.volume 2 en
dc.identifier.issued 2 en
dc.identifier.startpage 45 en
dc.identifier.endpage 62 en
dc.identifier.issn 1752-8925
dc.description.abstract Investment funds provide a low cost method of sharing in the rewards from capitalism. Recently “alternative investments” such as hedge funds have grown rapidly and the trading strategies open to hedge funds are now becoming available to mutual funds and even to ordinary retail investors. In this paper we analyze problems in assessing fund performance and the prospects for investment fund sectors. Choosing genuine outperformers among top funds requires a careful assessment of non-normality, order statistics and the possibility of false discoveries. The risk adjusted performance of the average hedge fund over the last 10-15 is actually not that impressive, although the “top” funds do appear to have statistically significant positive alphas. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Quantitative and Qualitative Analysis in Social Sciences en
dc.subject Mutual fund performance en
dc.subject Hedge funds en
dc.subject Persistence en
dc.title Investment funds: What next? en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Niall O'Sullivan, Economics, University College Cork, Cork, Ireland. +353-21-490-3000 Email: en
dc.internal.availability Full text available en 2013-05-28T15:18:28Z
dc.description.version Published Version en
dc.internal.rssid 19164064
dc.description.status Peer reviewed en
dc.identifier.journaltitle Quantitative and Qualitative Analysis in Social Sciences en
dc.internal.copyrightchecked No I do have an email from the journal editor granting me permission to upload the published version to SSRN as long as there is a reference to the journal. !!CORA!! Permission via author from editor. en
dc.internal.licenseacceptance Yes en
dc.internal.IRISemailaddress en

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