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Monday, April 04, 2005

REPORT: Hedge Fund Leverage

Time-varying exposures and leverage in hedge funds


Style analysis shows that as market conditions change so do the investment strategies of hedge funds. It also provides a simple indicator of hedge fund leverage that varies over time. The indicator suggests that leverage tended to be high in 1997-98 but lower more recently.

MORE on Page 59 of BIS Report

1 Comments:

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