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dc.contributor.author Pant, Hari H en_US
dc.date.accessioned 2011-07-21T21:54:04Z en_US
dc.date.available 2011-07-21T21:54:04Z en_US
dc.date.issued 2007-12 en_US
dc.identifier.uri http://hdl.handle.net/10125/20350 en_US
dc.description Thesis (M.B.A)--University of Hawaii at Manoa, 2007. en_US
dc.description.abstract Though the hedge funds are portrayed as risky investment instruments, the average is much higher and standard deviation of their returns is much lower than that of the SPX. The Sharpe ratio of different hedge fund strategies is much higher as well than that of SPX and the correlation between the SPX and different hedge fund strategies is low. Hedge fund strategies are able to produce significant amount of alpha when analyzed by single factor and multi factor model. Some of the disadvantages of hedge fund are that the correlation increases during the hour of crisis so that the hedge fund returns and market return move in tandem during such market turmoil and that their returns show non norma1ity and are generally negatively skewed with high kurtosis. en_US
dc.format.extent ix, 70 leaves en_US
dc.relation Theses for the degree of Master of Business Administration (University of Hawaii at Manoa). Business Administration; no. 60 en_US
dc.rights All UHM dissertations and theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission from the copyright owner. en_US
dc.title Study of hedge fund industry and its return from 1990 to 2006 en_US
dc.type Thesis en_US
dc.type.dcmi Text en_US

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