Institutional characteristics of hedge funds

Alexander Ganchev

MPRA Paper from University Library of Munich, Germany

Abstract: This article reviews the institutional characteristics of hedge funds based on their comparison with traditional collective investment schemes and investment funds. The study arrives at the conclusion that hedge funds are highly leveraged boutique investment funds of a quasi-open nature that apply active portfolio management in order to obtain high absolute yield regardless of the behavior of financial markets when conducting their activity in an environment of little transparency and legislative and institutional regulation.

Keywords: Hedge funds; collective investment schemes (search for similar items in EconPapers)
JEL-codes: G23 (search for similar items in EconPapers)
Date: 2014
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https://mpra.ub.uni-muenchen.de/70049/1/MPRA_paper_70049.pdf original version (application/pdf)

Related works:
Journal Article: INSTITUTIONAL CHARACTERISTICS OF HEDGE FUNDS (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:70049

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