Standard Article

Hedge Funds

  1. Hossein Kazemi,
  2. Bing Liang

Published Online: 15 MAY 2010

DOI: 10.1002/9780470061602.eqf14003

Encyclopedia of Quantitative Finance

Encyclopedia of Quantitative Finance

How to Cite

Kazemi, H. and Liang, B. 2010. Hedge Funds. Encyclopedia of Quantitative Finance. .

Author Information

  1. University of Massachusetts-Amherst, Amherst, MA, USA

Publication History

  1. Published Online: 15 MAY 2010


As alternative investment vehicles, hedge funds have gained tremendous popularity in the last decade. This article summarizes hedge funds in terms of their characteristics, return distribution, performance and risk measures, and indices.


  • hedge funds;
  • investment strategies;
  • fees;
  • leverage;
  • hedge fund indices;
  • performance and risk;
  • data biases;
  • regulation