The leverage of hedge funds |
| |
| Authors: | Sheridan Titman |
| |
| Affiliation: | 1. Department of Finance, Elon University, United States;2. Department of Finance, Quinnipiac University, United States;3. Department of Finance, Ithaca College, United States |
| |
| Abstract: | 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. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
