| 30.08.2011 Opalesque Exclusive: Liquidity risk as a predictor of hedge fund performance |
| By Florian Guldner, Opalesque Asia: The impact of illiquidity risk on hedge fund returns has been discussed in many studies before. A new research paper published by Ronnie Sadka, Boston College suggests that hedge funds with a significant load on illiquidity risk outperformed low-loading funds by 6.5% annually in the period 1994 - 2009. He also estimates liquidity risk betas for different str |
| Article source: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1917118 - Opalesque is not responsible for the content of external internet sites |