Emerging market hedge funds: Do they perform like regular hedge funds?
In this study, we investigate whether the performance of emerging market hedge funds (EMHFs) follow a pattern similar to that reported for advanced market hedge funds. In contrast to the pre-2007 period, our results for the post-2006 period show that EMHFs exhibit performance patterns similar to those reported for hedge funds that focus on the developed markets. Unlike in the pre-2007 period, EMHFs in general do not exhibit significant exposure to specific asset classes in the post-2006 period. On a risk-adjusted basis, we find that EMHFs do not consistently outperform the benchmarks. The reported performance patterns may provide useful insights to both academics and portfolio managers.
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Volume (Year): 19 (2009)
Issue (Month): 5 (December)
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- Gaurav Amin & Harry. M Kat, 2001.
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ICMA Centre Discussion Papers in Finance
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