Performance Analysis of Global Hedge Funds

The purpose of this paper is to provide an overview research on the hedge fund performance. In the first step, we review recent studies and put them into a joint evaluation of hedge fund performance.Stressful market conditions have a negative impact on HF performance in terms of alphas as the majority of HF strategies do not provide significant excess returns. This study examines the performance of hedging funds that are active in the world and evaluates the feasibility of its creation in Iran. for the first time, the international data of hedging funds from Barclay hedge, Eurkhedge, database during the last ۲۰ years were examined.The statistical population of the present study was international hedging funds during the years ۲۰۰۰ to ۲۰۲۰. The sample size according to the screening method and after removing the pert observations is equal to ۱۵۰ international hedging funds. In this study, Spss, Amoz, Lisrel software were used. Has been. The results of hedge fund data analysis using multivariate regression at ۹۰% confidence level show that there is a significant and positive relationship between AUM and fund returns. Other research results also show that cost stickiness has a positive effect on the efficiency of hedging funds.

Keywords:

Hedge Fund , Fixed income , Event Driven , Market-Driven , Macro