Les hedge funds: quelles implications en termes de risque systémique ?

Sabrina Khanniche

Revue d'économie financière, 2011, vol. N° 101, issue 1, 87-104

Abstract: Hedge funds aim to provide absolute returns. This purpose implies taking positions in complex financial markets that are sensitive to extreme losses. They are thus sources of systemic risk. In addition, a set of factors induce that hedge funds disseminate systemic risk. They indeed combine a large network of counterparts exposed to their losses with an absence of liquidity in time of market downturn, which lead to distressed sales. Classification JEL: F4, G15, G23.

JEL-codes: F4 G15 G23 (search for similar items in EconPapers)
Date: 2011
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