Reviewing the Hedge Funds Literature I: Hedge Funds and Hedge Funds' Managerial Characteristics

Posted: 21 Jan 2018

See all articles by Izidin El Kalak

Izidin El Kalak

Cardiff Business School

Alcino Azevedo

Aston Business School

Robert Hudson

Hull University Business School (HUBS)

Date Written: September 21, 2016

Abstract

This paper summarizes the literature on hedge funds (HFs) developed over the last two decades, particularly that which relates to managerial characteristics (a companion piece covers the return and risk management characteristics of HFs). It classifies, the current HF literature, suggesting which critical problems have been “solved” and which problems have not been yet adequately addressed. It also discusses the effects of past financial regulation and the prospects for the effect of new financial regulation on the HF industry and its performance and risk management practices, and suggests new avenues for research. Furthermore, it highlights the importance of managerial characteristics for HF performance, and the successes and the shortfalls to date in developing more sophisticated HF-related risk management tools.

Keywords: Hedge Funds, Hedge Funds Characteristics, Hedge Funds Managers, Managerial Characteristics

JEL Classification: G20, G23

Suggested Citation

El Kalak, Izidin and Azevedo, Alcino and Hudson, Robert, Reviewing the Hedge Funds Literature I: Hedge Funds and Hedge Funds' Managerial Characteristics (September 21, 2016). International Review of Financial Analysis, Vol. 48, No. 85-97, 2016. Available at SSRN: https://ssrn.com/abstract=3103803

Izidin El Kalak (Contact Author)

Cardiff Business School ( email )

Aberconway Building
Colum Drive
Cardiff, CF10 3EU
United Kingdom

Alcino Azevedo

Aston Business School ( email )

Econ., Finance & Enterpreneurship
Aston Business School
Birmingham, B4 7ET
United Kingdom

Robert Hudson

Hull University Business School (HUBS) ( email )

Hull, HU6 7RX
United Kingdom

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