Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Study of Canadian hedge funds and mutual funds finds hedge funds hedge

Tuesday, September 04, 2012

Beverly Chandler, Opalesque London: Using hedge fund data drawn from Hedge Fund Research, and mutual fund data from Morningstar, Indian academic Amitesh Kapoor from Lovely Professional University has produced a paper entitled 'Performance Comparison of Canadian hedge funds and mutual funds.’

Kapoor used performance measurement tools and other risk adjusted measures to analyse, evaluate, and compare the performance of Canadian hedge funds and Canadian mutual funds. His key findings were that hedge fund alpha was much higher than that found in comparable mutual funds; that both hedge funds and mutual funds have outperformed benchmarks; that when there is a period of recession or when markets are down or stable, hedge funds outperform mutual funds and that in a bull market Canadian hedge funds and mutual funds generate almost the same returns.

In his conclusion, Kapoor reports that hedge funds provide higher returns and alphas than traditional mutual funds, similar to the findings of Eling and Faust 2010 for European data. He finds that in general hedge funds and mutual funds outperform benchmarks but that hedge funds achieve tha......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November