Hedge Funds and Financial Market Dynamics

Hedge Funds and Financial Market Dynamics

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Hedge funds are collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes. Their legal status places few restrictions on their portfolios and transactions, leaving their managers free to use short sales, derivative securities, and leverage to raise returns and cushion risk. This paper considers the role of hedge funds in financial market dynamics, with particular reference to the Asian crisis.Laura Kodres Market price dynamics can be affected by the strategies implemented by hedge funds and other ... attempt to search for markets in which prices have overshot their equilibrium values, based on fundamental or technical analysis.

Title:Hedge Funds and Financial Market Dynamics
Author:Barry J. Eichengreen, Donald J. Mathieson, Bankim Chadha
Publisher:International Monetary Fund - 1998-05-15


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