Non-Parametric Analysis of Hedge Fund Returns: New Insights from High Frequency Data

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CFA Digest
February 2010 | Vol. 40 | No. 1
Source: CFA Institute
Monica Billio Mila Getmansky Loriana Pelizzon
Paras Gupta, CFA (Reviewer)

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Abstract

The authors examine, analyze, and compare the statistical characteristics of hedge fund indices by using daily return indices along with monthly investable and noninvestable indices. The authors also discuss the implications of daily return analysis for performance measurement and asset allocation.

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Topics
Alternative Investments
    :
  • Hedge Funds
|
Performance Measurement and Evaluation
    :
  • Performance Attribution
|
Portfolio Management
    :
  • Alternative Investment Portfolio Management Strategies
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