 The analysis of relative performance of London hedge funds during the financial crisisFabio Piluso, Ilaria L. Amerise and James P. Neelankavil International Journal of Financial Markets and Derivatives, 2013, vol. 3, issue 2, 91-113 Abstract: The hedge funds industry received part of the blame, for the global financial crisis of 2007. An analysis of hedge funds during the crisis shows that the hedge fund industry had disastrous results. In spite of the difficulties, however, some funds did perform quite well. To address the issue of hedge fund performance during the financial crisis period, a study was undertaken to quantitatively determine the performance outcomes of the hedge funds in the London market. Cluster analysis was used to identify different fund managers' various strategies and to understand their patterns of risk-return during periods of financial panic - periods that increase market volatility. Our analysis was able to identify the hedge fund manager's allocation strategies that were the best performers during the financial crisis period in the London hedge fund market. The analysis shows that the overall best performers appear to be long short equities, diversified debt, and bottom-up. Keywords: London hedge funds; hedge fund performance; investment strategy; cluster analysis; financial crisis; European hedge funds; market volatility; allocation strategies; hedge fund markets; long short equities; diversified debt; bottom-up. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijfmkd:v:3:y:2013:i:2:p:91-113 Access Statistics for this article More articles in International Journal of Financial Markets and Derivatives from Inderscience Enterprises Ltd |
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