Institutional Characteristics of Hedge Funds

Ganchev, A. Institutional Characteristics of Hedge Funds. Tsenov Academy of Economics, Business management, Book 1, 2015, pp. 20-38

23 Pages Posted: 24 Aug 2015

Date Written: September 12, 2012

Abstract

This article reviews the institutional characteristics of hedge funds based on their comparison with traditional collective investment schemes and investment funds. The study arrives at the conclusion that hedge funds are highly leveraged boutique investment funds of a quasi-open nature that apply active portfolio management in order to obtain high absolute yield regardless of the behavior of financial markets when conducting their activity in an environment of little transparency and legislative and institutional regulation.

Keywords: Hedge funds, collective investment schemes

JEL Classification: G23

Suggested Citation

Ganchev, Alexander, Institutional Characteristics of Hedge Funds (September 12, 2012). Ganchev, A. Institutional Characteristics of Hedge Funds. Tsenov Academy of Economics, Business management, Book 1, 2015, pp. 20-38, Available at SSRN: https://ssrn.com/abstract=2649657

Alexander Ganchev (Contact Author)

D. A. Tsenov Academy of Economics ( email )

2 Em. Chakarov Street
Svishtov, Veliko Tarnovo 5250
Bulgaria
0035963166379 (Phone)

HOME PAGE: http://https://www.uni-svishtov.bg/bg/profile/a.ganchev

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