The leverage of hedge funds

Sheridan Titman

Finance Research Letters, 2010, vol. 7, issue 1, 2-7

Abstract: 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.

Keywords: Hedge; funds (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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