Abstract

http://ssrn.com/abstract=1256283
 
 

References (13)



 
 

Citations (1)



 


 



Performance of Emerging Market Hedge Funds in Their Geographical Focus


Juha Marko Kotkatvuori


affiliation not provided to SSRN

Jussi Nikkinen


University of Vaasa - Department of Accounting and Finance

Jarkko Peltomaki


University of Vaasa

August 25, 2008

21st Australasian Finance and Banking Conference 2008 Paper

Abstract:     
Emerging market hedge funds are an asset class which does not seem to outperform the market benchmarks although a significant amount of the funds show superior performance. In this study, we examine whether funds selected on their geographical focus are able beat their benchmarks, and show aggregate market timing ability in their focus market. Our results suggest that emerging market hedge funds are able to beat their benchmarks but do not show market timing ability. In conclusion, emerging market hedge funds are an asset class in which unskilled managers seem to infiltrate to earn fees but investors can mitigate this problem by investing in emerging market hedge funds which have a defined geographical focus.

Number of Pages in PDF File: 21

working papers series


Download This Paper

Date posted: September 11, 2008  

Suggested Citation

Kotkatvuori, Juha Marko and Nikkinen, Jussi and Peltomaki, Jarkko, Performance of Emerging Market Hedge Funds in Their Geographical Focus (August 25, 2008). 21st Australasian Finance and Banking Conference 2008 Paper. Available at SSRN: http://ssrn.com/abstract=1256283 or http://dx.doi.org/10.2139/ssrn.1256283

Contact Information

Juha Marko Kotkatvuori (Contact Author)
affiliation not provided to SSRN ( email )
Jussi Nikkinen
University of Vaasa - Department of Accounting and Finance ( email )
P.O. Box 700
FIN-65101 Vaasa, FI-65101
Finland
+358 6 3248541 (Phone)
Jarkko Peltomaki
University of Vaasa ( email )
P.O. Box 700
Wolffintie 34
FIN-65101 Vaasa
United States
Feedback to SSRN


Paper statistics
Abstract Views: 893
Downloads: 179
Download Rank: 98,319
References:  13
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.250 seconds