Thu, Dec 8, 2016
A A A
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released