Essays about: "1940 Investment Company Act"

Found 1 essay containing the words 1940 Investment Company Act.

  1. 1. A Sheep in Wolf's Clothing? A Comparative Analysis of Alternative Mutual Funds and Hedge Funds

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Paolo Frazzarin; Jorge Lobo Martin; [2015]
    Keywords : Alternative Investments; Alternative Mutual Funds; 1940 Investment Company Act; Hedge Funds; Factor Analysis;

    Abstract : This paper analyzes to which extent alternative mutual funds emulate hedge fund strategies and what are the performance drivers for this category of funds. We use a two-step regression process for our analysis and find that alternative mutual funds differ from hedge funds on three main fronts: they fail to generate alpha, they do not share the same factor exposures, and their returns are impacted in a different way by fund-specific features. READ MORE