• 1. Introduction
  • 2. Methodology and data
  • 2.1 Investment style analysis and leverage.
  • 2.2 Estimation
  • 2.3. Hedge fund data
  • 3. Investment style analysis results
  • 3.1 Baseline estimates
  • 3.2 Including synthetic options factors.
  • 3.3 Assessment: does the indicator make sense?
  • 4. Concluding remarks