RT Journal Article
SR Electronic
T1 European Hedge Funds Industry: <em>An Overview</em>
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 46
OP 59
DO 10.3905/jpe.2014.18.1.046
VO 18
IS 1
A1 Soumaya Ben Khelifa
A1 Dorra Mezzez Hmaied
YR 2014
UL https://pm-research.com/content/18/1/46.abstract
AB To shed more light on the hedge fund industry, we examine the characteristics and performance of European hedge funds that invest exclusively in Europe. Our sample of 1,905 hedge funds reveals that 85.42% of the management companies are based in Europe, with a particular dominance in the United Kingdom. Assets under management have grown significantly over the past decade, in spite of international financial and European sovereign debt crises. In addition, we find that, of the hedge funds that use leverage, 52% follow a Long/Short Equities strategy. Overall, European hedge funds investing exclusively in Europe seem to perform better than North American hedge funds, and are becoming strong competitors to North American funds.TOPICS: Private equity, developed, performance measurement, equity portfolio management