The ABCs of Hedge Funds: Alphas, Betas, and Costs
The ABCs of Hedge Funds: Alphas, Betas, and Costs
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对冲基金的基本知识：阿尔法、贝塔和成本
DOI：
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发表时间：
2010
期刊：
影响因子：
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通讯作者：
Kevin X. Zhu
中科院分区：
文献类型：
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作者：
R. Ibbotson;Peng Chen;Kevin X. Zhu
作者将他们估计的 1995-2009 年收费前对冲基金回报率 11.13% 分解为费用 (3.43%)、阿尔法 (3.00%) 和贝塔 (4.70%)。逐年结果显示，过去十年中的每一年阿尔法都是正值，即使在最近的金融危机期间也是如此。
The authors decomposed their estimated pre-fee 1995–2009 hedge fund return of 11.13 percent into fees (3.43 percent), an alpha (3.00 percent), and a beta (4.70 percent). The year-by-year results show that alphas were positive during every year of the past decade, even during the recent financial crisis.