TY - JOUR
T1 - The ABCs of hedge funds
T2 - Alphas, betas, and costs
AU - Ibbotson, Roger G.
AU - Chen, Peng
AU - Zhu, Kevin X.
PY - 2011/1
Y1 - 2011/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=79952153684&partnerID=8YFLogxK
U2 - 10.2469/faj.v67.n1.6
DO - 10.2469/faj.v67.n1.6
M3 - Article
AN - SCOPUS:79952153684
SN - 0015-198X
VL - 67
SP - 15
EP - 25
JO - Financial Analysts Journal
JF - Financial Analysts Journal
IS - 1
ER -