Naslov
Hedge funds investing in energy markets – the analysis comparing results during the bear market and the bull market

Autori
Pruchnicka-Grabias, Izabela

Izvornik
Zeszyty Naukowe - Uniwersytet Szczeciński (1640-6818) 40 (2009); 62-69

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
hedge funds; financial results; rate of return; rate of risk

Sažetak
Hedge funds’ financial results, contrary to investment funds are not based on fixed benchmarks. These institutions aim at generating absolute rates of return regardless of the global financial market situation. The author verifies these commonly used rules and shows that in 2008 the majority of hedge funds generated minus rates of returns, as well as increased the rate of risk (measured with standard deviation) in comparison to 2007, which does not let consider them “a golden mean” for the bear market. The research presented in the paper is a part of the wider research conducted by the author for over 200 hedge funds divided into different investment strategies. The paper deals with 20 hedge funds chosen at random from those investing in energy markets in 2007 and 2008.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Dr. sc. Izabela Pruchnicka-Grabias izvanredna je profesorica na Warsaw School of Economics (Poljska) i vanjska je suradnica na projektu.

POVEZANOST RADA