Return smoothing and its implications for performance analysis of hedge funds

Keyphrases

• Performance Analysis 100%
• Hedge Funds 100%
• Hedge Fund Returns 100%
• Return Smoothing 100%
• Factor Loadings 66%
• Idiosyncratic Volatility 66%
• Systematic Risk 66%
• Performance Persistence 66%
• Performance Evaluation 33%
• Autocorrelation 33%
• Inequity 33%
• Downward Bias 33%
• Bayesian Framework 33%
• Equity Markets 33%
• Risk Exposure 33%
• Market beta 33%
• Abnormal Performance 33%
• Performance Factor 33%

Economics, Econometrics and Finance

• Idiosyncratic Volatility 100%
• Measure of Dispersion 50%
• Bayesian 50%