In this article, we are testing the performance of offshore hedge funds for the period 1998 to 2003. Offshore hedge funds are located for example in Cayman Islands, British Virgin Islands and Bermuda. Offshore hedge funds offer flexibility in terms that they invest in international equities,...

In this paper, we are examining hedge funds risk and return profile for the period 1998 to 2003. The large range in returns and dispersion suggest that the mean variance approach may not indicate a complete picture of hedge funds performance. Our results suggest that for the examined period, we...

In this paper, we are using Jensen's alpha, Sharpe ratio and multi-factor models to test the performance of hedge funds for the period 1998 to 2003. Hedge fund returns exhibit a high degree of non-linearity and kurtosis. Our results suggest that for the examined period hedge funds provide...

his paper examines the monthly interrelation of option volume and price return for actively traded Frankfurt Stock Exchange stocks and their European Derivatives Exchange traded options during the trading period of May to August 2002. The purpose is to investigate whether microfinance...

This article aims at testing empirically the performance persistence of equity market neutral hedge funds. A market neutral strategy combines both long and short positions. The net exposure is equal to zero. The purpose of using such strategy is to eliminate the market risk. Guirguis,(2005),...

This article aims at testing empirically the performance persistence of global macro hedge funds. Global macro hedge fund manager focus to generate positive returns based on currency futures and options. He focused on fixed – income securities derivatives products or stock indices futures and...

This article aims at measuring the performance of commodity futures as a risk management tool and diversification strategy of hedge funds portfolio. CTA, commodity trading advisers, or managed futures managers’ trade in the commodity market. The hedge funds invest in commodity futures,...

In this article, we examine offshore hedge funds performance that pursues leveraged activities based on distressed securities. Distressed securities are related to the corporate bonds of bankrupted companies that start to get out from the crisis and are trying to reduce their loan exposures in...

In this article, we are going to explain the benefits of economic growth, employment, poverty reduction, and development. Each society in a poor or rich country in order to maximize its spiritual and welfare has to follow spiritual laws integrated with the Economic theories. A well successful...

In this article, we measure and compare the risk adjusted performance, the correlation and the covariance of global macro funds and funds of funds. Specifically, Global macro hedge fund manager focus to generate positive returns based on currency futures and options. He/she focused on fixed –...