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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-94
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dc.contributor.authorMeier, Peter-
dc.contributor.authorWirth, Stefan-
dc.date.accessioned2015-07-10T12:03:25Z-
dc.date.available2015-07-10T12:03:25Z-
dc.date.issued2010-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/94-
dc.description.abstractIn contrast to most traditional assets, alternatives, especially hedge funds, do not have a distinct universe. This complicates proper performance measurement since most benchmarks suffer from statistical biases, deceiving investors about the "true” return an average hedge fund would have achieved. We investigate these influences, present an index for Swiss registered hedge funds which aims to avoid common biases and conclude that the systematic underperformance of funds of hedge funds compared to single hedge funds is mostly a result of bias mitigation. This indicates that the returns of fund of hedge funds indices are the most accurate for benchmarking both single- and funds of hedge funds.en
dc.description.abstractIn contrast to most traditional assets, alternatives, especially hedge funds, do not have a distinct universe. This complicates proper performance measurement since most benchmarks suffer from statistical biases, deceiving investors about the "true” return an average hedge fund would have achieved. We investigate these influences, present an index for Swiss registered hedge funds which aims to avoid common biases and conclude that the systematic underperformance of funds of hedge funds compared to single hedge funds is mostly a result of bias mitigation. This indicates that the returns of fund of hedge funds indices are the most accurate for benchmarking both single- and funds of hedge funds.de_CH
dc.format.extent18de_CH
dc.language.isoende_CH
dc.publisherZHAW Zürcher Hochschule für Angewandte Wissenschaftende_CH
dc.subjectHedge Fundde_CH
dc.subjectIndicesde_CH
dc.subjectHedge Funden
dc.subjectIndicesen
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titleWhich hedge fund indices suit best for investors?de_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Risk & Insurance (IRI)de_CH
zhaw.publisher.placeWinterthurde_CH
dc.identifier.doi10.21256/zhaw-94-
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
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Meier, P., & Wirth, S. (2010). Which hedge fund indices suit best for investors? ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-94
Meier, P. and Wirth, S. (2010) Which hedge fund indices suit best for investors? Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. Available at: https://doi.org/10.21256/zhaw-94.
P. Meier and S. Wirth, “Which hedge fund indices suit best for investors?,” ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Winterthur, 2010. doi: 10.21256/zhaw-94.
MEIER, Peter und Stefan WIRTH, 2010. Which hedge fund indices suit best for investors? Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Meier, Peter, and Stefan Wirth. 2010. “Which Hedge Fund Indices Suit Best for Investors?” Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-94.
Meier, Peter, and Stefan Wirth. Which Hedge Fund Indices Suit Best for Investors? ZHAW Zürcher Hochschule für Angewandte Wissenschaften, 2010, https://doi.org/10.21256/zhaw-94.


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