The leverage of hedge funds

被引：0
|
作者：
Titman, Sheridan [1 ]
机构：
[1] Univ Texas Austin, Centennial Chair Financial Serv, McCombs Sch Business, Austin, TX 78712 USA
来源：
FINANCE RESEARCH LETTERS | 2010年 / 7卷 / 01期
关键词：
Hedge funds;
D O I：
10.1016/j.frl.2009.12.003
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Long-short hedge funds are often very highly levered, despite the costs of leverage that became apparent during the LTCM crisis in 1998 and the more recent episode in 2008. This note explores potential market imperfections that may explain the use of leverage. (C) 2009 Elsevier Inc. All rights reserved.
引用
收藏
页码：2 / 7
页数：6
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