n Investment Analysts Journal - Excess returns to equity market neutral hedge funds
|Article Title||Excess returns to equity market neutral hedge funds|
|© Publisher:||Taylor & Francis|
|Journal||Investment Analysts Journal|
|Publication Date||Jan 2005|
|Pages||31 - 41|
ISI Social Science
Extracted from text ... Excess returns to equity market neutral hedge funds Investment Analysts Journal - No. 62 2005 31 Excess returns to equity market neutral hedge funds 1. INTRODUCTION* Portfolios based on the principle of a long-short equity hedge appear to have originated with a fund established in 1949 by Alfred W Jones. The idea is that superior returns can be obtained by off-setting the market exposure of a long position in a set of shares that has a relatively favourable outlook, with a short position in one that is likely to perform relatively poorly. Sources of profit are net amounts arising from ..
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