Are fund of hedge fund returns asymmetric?

Research English OPEN
Lynch, Margaret; Hutson, Elaine; Stevenson, Max;
  • Publisher: University College Dublin. School of Business. Centre for Financial Markets
  • Subject: Hedge funds--Statistics | Hedge funds--Evaluation
    mesheuropmc: health care economics and organizations

We examine the return distributions of 332 funds of hedge funds and associated indices. Over half of the sample is significantly skewed according to the skewness statistic, and these are split 50/50 positive and negative. However, we argue that the skewness statistic... View more
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