Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Portfolio Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Portfolio Management

The Journal of Portfolio Management

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Primary Article

Hedge Funds with Style

Stephen J. Brown and William N. Goetzmann
The Journal of Portfolio Management Winter 2003, 29 (2) 101-112; DOI: https://doi.org/10.3905/jpm.2003.319877
Stephen J. Brown
David S. Loeb Professor of Finance at New York University's Stern School of Business.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: sbrown@stern.nyu.edu
William N. Goetzmann
Edwin J. Beinecke Professor of Finance and Management Studies at the Yale School of Management.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: william.goetzmann@yale.edu
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Abstract

The popular perception is that hedge funds follow a reasonably well-defined market-neutral investment style. Investigation of the monthly return history of hedge funds over 1989–2000, however, finds there are in fact distinct styles of management that account for about 20% of the cross-sectional variability in performance. This result is consistent across the years in the sample and robust as to the way investment style is determined. Appropriate style analysis and style management are crucial to success for investors looking to invest in hedge funds.

  • © 2003 Pageant Media Ltd

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Portfolio Management
Vol. 29, Issue 2
Winter 2003
  • Table of Contents
  • Index by author
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Portfolio Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Hedge Funds with Style
(Your Name) has sent you a message from The Journal of Portfolio Management
(Your Name) thought you would like to see the The Journal of Portfolio Management web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Hedge Funds with Style
Stephen J. Brown, William N. Goetzmann
The Journal of Portfolio Management Jan 2003, 29 (2) 101-112; DOI: 10.3905/jpm.2003.319877

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Hedge Funds with Style
Stephen J. Brown, William N. Goetzmann
The Journal of Portfolio Management Jan 2003, 29 (2) 101-112; DOI: 10.3905/jpm.2003.319877
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
  • Info & Metrics
  • PDF

Similar Articles

Cited By...

  • Different in Nature, Common in Style: View Commonality of Single Hedge Funds and Funds of Hedge Funds
  • The (Mis)Behavior of Hedge Fund Strategies: A Network-Based Analysis
  • Just a One-Trick Pony? An Analysis of CTA Risk and Return
  • Consistent Risk Modeling of Liquid and Illiquid Asset Returns
  • The Diversification Delta: A Different Perspective
  • A Penalty Cost Approach to Strategic Asset Allocation with Illiquid Asset Classes
  • Do "Hot Hands" Exist in Funds of Hedge Funds?
  • The Diversification Delta: A Higher-Moment * Measure for Portfolio Diversification
  • Hedge Fund Return-Based Style Estimation: * A Review of Comparison Hedge Fund Indices
  • Importance of Tactical Strategy Allocation on * Fund-of-Hedge-Funds Allocations
  • Perspectives from the Literature of Private Wealth Management
  • A Simple Stock-Bond Categorization of Alternative Investments
  • Google Scholar

More in this TOC Section

  • If You Had Everything Computationally…
  • Corporate Bond Portfolio Analysis
  • The Symmetric Downside-Risk Sharpe Ratio
Show more Primary Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • News
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Sign In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 0095-4918 | E-ISSN: 2168-8656

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies