Agarwal, Vikas (contributor); Naik, Narayan Y. (contributor) - 2002 - [Elektronische Ressource]
factors, we compare the long-run performance with the recent performance of hedge funds
and find that their recent … performance appears significantly better than their long-run
performance. Our analysis provides important insights that can be …-of-sample performance of hedge funds. Our out-of-
sample analysis confirms that the risk factors estimated in the first step are not …