%0 Journal Article %A Greg N. Gregoriou %A Maher Kooli %T Rankings of the Largest 25 Hedge Funds during the
2009–2013 Period %D 2014 %R 10.3905/jwm.2014.17.1.078 %J The Journal of Wealth Management %P 78-85 %V 17 %N 1 %X We use the live Barclay Hedge database and examine 25 of the largest onshore and offshore hedge funds during the 2009-2013 period. Our results show that the majority of our considered large hedge funds do a poor job of outperforming the S&P 500 Index over the 5-year after the crisis and a good job of outperforming the HFR hedge fund index. However, large funds have better risk control measures than the S&P 500 over the 5-year period as well as better risk-adjusted returns. The performance persistence tests reveal that during our sample period, winners remain winners.TOPICS: Real assets/alternative investments/private equity, performance measurement %U https://jwm.pm-research.com/content/iijwealthmgmt/17/1/78.full.pdf