Time-varying Equity Volatility Markedly Affects Hedge Fund Performance
Hedge FundsBy Masao Matsuda, CAIA, FRM, Founder, Crossgates Investment and Risk Management One would think hedge funds can weather market gyrations better than long-only equity investments as hedge funds have greater flexibility in determining the levels of market exposure. However, while some individual hedge funds may have been successful in adverse market situations, an analysis of various […]