Ανάλυση των στρατηγικών των hedge funds

Μερσινιάς, Νικόλαος Α.

Master Thesis

Author

Μερσινιάς, Νικόλαος Α.

Date

2013-06-10

Abstract

In this thesis we will study Hedge Funds and their strategies. In the first chapter we will explain the meaning of Hedge Funds and their history. We will also explain how much money and who can invest in them, watching and other various features. In the second chapter we will classify their strategies and then will analyze the most important of them. In the third chapter we will analyze the performance of Hedge Funds, using performance measures, risk measures and several specialized measures enable us to study the behavior of Hedge Funds over time. Finally, the fourth chapter is the numerical practice. Here we will try to see in reality how the strategies of Hedge Funds are behaved, using real monthly returns in a specific period. We are going to calculate various performance and risk measures, so as understand better their behavior, making comparisons between of them. In the end, we will construct optimal portfolios using the strategies which were analyzed above.