Is stellar hedge fund performance for real?
We apply a robust bootstrap to evaluate the performance of a large universe of hedge funds. Our bootstrap estimates indicate that the performance of the top hedge funds cannot be attributed to chance alone. This is true even after adjusting for back fill bias, serial correlation, and structural brea...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2005
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5370 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6369/viewcontent/SSRN_id675765.pdf |
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| Institution: | Singapore Management University |
| Language: | English |