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dc.contributor.authorÇağlayan, Mustafa Onur
dc.contributor.authorUlutaş, Sevan
dc.date.accessioned2014-12-21T13:13:18Z
dc.date.available2014-12-21T13:13:18Z
dc.date.issued2014
dc.identifier.issn1755-053X
dc.identifier.urihttp://hdl.handle.net/10679/757
dc.identifier.urihttp://onlinelibrary.wiley.com/doi/10.1111/fima.12029/abstract
dc.descriptionDue to copyright restrictions, the access to the full text of this article is only available via subscription.
dc.description.abstractWe examine emerging market and global macro hedge funds and find a significant positive relation between hedge funds' future returns and their exposure to both emerging market equities and emerging market currencies. We present evidence that the strong predictive power of emerging market betas is related to the superior market-timing ability of these fund managers. Results are robust after controlling for commonly used hedge fund factors, the emerging market equity index, lagged fund returns, liquidity risk, and fund characteristics. Our results suggest that hedge funds can earn positive excess returns by timing their exposure to emerging market securities.en_US
dc.language.isoengen_US
dc.publisherWileyen_US
dc.relation.ispartofFinancial Management
dc.rightsrestrictedAccess
dc.titleEmerging market exposures and the predictability of hedge fund returnsen_US
dc.typeArticleen_US
dc.peerreviewedyesen_US
dc.publicationstatuspublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID21940
dc.contributor.ozuauthorÇağlayan, Mustafa Onur
dc.contributor.ozuauthorUlutaş, Sevan
dc.identifier.volume43
dc.identifier.issue1
dc.identifier.startpage149
dc.identifier.endpage180
dc.identifier.wosWOS:000339852300006
dc.identifier.doi10.1111/fima.12029
dc.subject.keywordsCross-sectionen_US
dc.subject.keywordsRisken_US
dc.subject.keywordsPerformanceen_US
dc.subject.keywordsStrategiesen_US
dc.subject.keywordsPersistenceen_US
dc.subject.keywordsEfficiencyen_US
dc.subject.keywordsMomentumen_US
dc.subject.keywordsManagersen_US
dc.identifier.scopusSCOPUS:2-s2.0-84902355434
dc.contributor.authorGenderMale
dc.contributor.authorGenderMale


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