Template-Type: ReDIF-Paper 1.0
Author-Name:  Marcelo Moura
Author-Name-First: Marcelo
Author-Name-Last: Moura
Author-Name:  Gustavo P. Joaquim
Author-Name-First: Gustavo P.
Author-Name-Last: Joaquim
Title: Performance and Persistence of Brazilian Hedge Funds During the Financial Crisis
Abstract:  This study investigates the performance and persistence of the Brazilian hedge fund market using daily data from October 2007 to February 2011. A period containing what was characterized by many as the worst world financial crisis since the great depression of the 1930’s. Despite the financial turmoil, results indicate the existence of a representative group of funds with abnormal returns as well as evidence of a joint persistence of funds with time frames of 1 to 3 months. Individual evaluations of the funds, however, indicate a reduced number of persistent funds.
Length:  31 pages
Creation-Date:  2011
Order-URL: https://repositorio.insper.edu.br/handle/11224/5840
File-URL: https://repositorio.insper.edu.br/handle/11224/5840
File-Format: text/html
File-Function: Full text
Number: 138
Handle: RePEc:aap:wpaper:138