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Average Hedge Funds and their Evaluation

In: Investing in the Modern Age

Author

Listed:
  • Rachel E. S. Ziemba

    (Roubini Global Economics, UK)

  • William T. Ziemba

    (University of British Columbia, Canada)

Abstract

We know that on average the typical mutual fund does not beat the market. The evidence is that professional managers all over the world have a hard time beating the market averages. In a given year, only about 25% to 40% of managers actually beat a buy-and-hold strategy of holding the index. Over longer periods, say 5-10 years, the percentage is even lower. There are a number of reasons for this…

Suggested Citation

  • Rachel E. S. Ziemba & William T. Ziemba, 2013. "Average Hedge Funds and their Evaluation," World Scientific Book Chapters, in: Investing in the Modern Age, chapter 4, pages 35-43, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814504751_0004
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    Cited by:

    1. Maren Duvendack, 2022. "Payment‐by‐results for health interventions in low‐ and middle‐income countries: A critical review," Development Policy Review, Overseas Development Institute, vol. 40(1), January.

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