Hedge Funds and the Financial Crisis

Jing Zhi Huang, Ying Wang

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Hedge funds suffered their worst year on record in 2008, during the financial crisis of 2007-2008. Yet, the crisis has brought more attention to the so-called shadow banking system, which includes hedge funds, among other players. This chapter focuses on two important issues that have received extensive coverage in the wake of the financial crisis: the role of hedge funds in the crisis and the regulation of hedge funds. In particular, this review surveys recent studies that examine trading activities of hedge funds during the crisis and reports some recent developments on how to extract the information about systemic risk from hedge funds.

Original languageEnglish (US)
Title of host publicationAlternative Investments
Subtitle of host publicationInstruments, Performance, Benchmarks, and Strategies
PublisherJohn Wiley and Sons
Pages521-539
Number of pages19
ISBN (Print)9781118241127
DOIs
StatePublished - Apr 2 2013

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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  • Cite this

    Huang, J. Z., & Wang, Y. (2013). Hedge Funds and the Financial Crisis. In Alternative Investments: Instruments, Performance, Benchmarks, and Strategies (pp. 521-539). John Wiley and Sons. https://doi.org/10.1002/9781118656501.ch26