Risiken von Hedgefonds: Forschungsansätze und Erkenntnisse der aktuellen Kapitalmarktforschung

Abstract

Summary/Zusammenfassung Risks of Hedge Funds: Approaches to Research and Conclusions of Current Capital Market Research This article provides a recent overview over research approaches aimed at quantifying hedge fund risks. Besides the current state of the research on strategy-specific risks of hedge funds, this article discusses the conclusions of a literature review in the fields of the statistical characteristics, the non-linear risks and the phase dependence of hedge funds. More recent research work indicates that hedge funds often deviate from their announced investment style, that there may be a wide-spread fraud phenomenon in the hedge fund industry and that hedge funds are exposed to special credit, liquidity and insolvency risks in periods of financial crisis. Risiken von Hedgefonds: Forschungsansatze und Erkenntnisse der aktuellen Kapitalmarktforschung Dieser Artikel gibt einen aktuellen Uberblick uber Forschungsansatze, die darauf abzielen, Risiken von Hedgefonds zu quantifizieren. Neben dem ak...