Abstract:The golden times of the hedge fund industry ended with the beginning of the financial crisis of 2007/08.Since then hedge funds have underperformed against the S&P 500. This study shows that the Dodd Frank Act regulation was responsible for a completely changing environment for hedge funds. We have developed a model where equity indices and the CRB index are explanatory variables for hedge fund performance. Concerning methodology, data of two different phases are considered, namely the time period from 1990 to … Show more
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