Thesis (M.B.A.)--University of Hong Kong, 1990.

Thesis (Ph. D.)--University of Wisconsin. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references (leaves 289-293).

Thesis (Ph. D.)--University of Missouri-Columbia, 1997. / Typescript. Vita. Includes bibliographical references (leaves 275-283). Also available on the Internet.

Thesis (Ph. D.)--University of Missouri-Columbia, 1997. / Typescript. Vita. Includes bibliographical references (leaves 275-283). Also available on the Internet.

Thesis (Ph. D.)--University of Chicago, Graduate School of Business, June 2000. / Includes bibliographical references. Also available on the Internet.

Thesis (M.S.)--University of Nevada, Reno, 2007. / "December, 2007." Includes bibliographical references (leaves 29-30). Library also has microfilm. Ann Arbor, Mich. : ProQuest Information and Learning Company, [2008]. 1 microfilm reel ; 35 mm. Online version available on the World Wide Web.

Thesis (Ph. D.)--University of Rhode Island, 2005. / Typescript. Includes bibliographical references (leaves 127-134).

Thesis (Ph. D.)--University of Sydney, 2002. / Title from title screen (viewed 16 April 2008). Submitted in fulfilment of the requirements for the degree of Doctor of Philosophy to the Discipline of Finance, School of Business, Faculty of Economics and Business. Includes bibliographical references. Also available in print form.

Thesis (Ph. D.)--University of Missouri-Columbia, 2006. / The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed July 31, 2007). Includes bibliographical references.

Submitted by Elba Lopes (elba.lopes@fecap.br) on 2018-01-24T21:21:42Z No. of bitstreams: 2 OT??VIO ULISSES DE ARAUJO SANT???ANNA.pdf: 846230 bytes, checksum: 0957b14111500cc9a380bb419acae8ae (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) / Made available in DSpace on 2018-01-24T21:21:42Z (GMT). No. of bitstreams: 2 OT??VIO ULISSES DE ARAUJO SANT???ANNA.pdf: 846230 bytes, checksum: 0957b14111500cc9a380bb419acae8ae (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) Previous issue date: 2014-07-24 / This study analyzes the performance of the Brazilian hedge fund investment after Subprime Crisis. Evaluates if the different management strategies hedge funds manage to overcome the benchmark, considering the new classification established by ANBIMA in May 2009. The categories were classified as Long & Short Directional Long & Short Neutral, Multigestor Macro, Multiestrat??gia, Interest and Currencies, Trading, Strategy specifies, Balanced and Protected Capital, in order to adapt in a better way the different strategies and risk profile of each hedge fund the profiles of investors. It was considered in the study only non exclusive hedge funds that had quotas from May 2009 to December 2013. The funds performance was analyzed using indicators such as the average return, volatility, Sharpe ratio and Jensen???s Alpha, in order to assess whether hedge funds are able to get a significant risk adjusted return compared to the CDI rate. Moreover, hypothesis tests were applied to verify if the average return of hedge funds is equivalent to CDI. Data analysis found evidence that only certain categories of hedge funds outperformed the benchmark during the period analyzed, such as Long & Short Directional Long & Short Neutral, Multigestor, macro, multi-strategy and Interest and Currency categories. The return was higher than CDI with acceptable volatility, presenting Sharpe Ratios and Jensen's Alpha positive, further were efficient in overcoming the CDI in relation to the risk assumed in each of their respective management strategies. Concerning to hypothesis testing, it was not rejected the hypothesis that the average returns of hedge funds are statistically equal to the CDI. Only Capital Protected category got a statistically different mean return of CDI in the analyzed period. This study is usefull as a tool for market analysis and reflection on the management strategies of hedge funds and as an investment guide for the general public, helping to identify the best strategies for active management, as well as hedge funds with better performance. / Este estudo analisa o desempenho dos fundos de investimento multimercados brasileiros ap??s a crise do mercado imobili??rio americano, conhecida como a Crise do Subprime. Avaliase as diferentes estrat??gias de gest??ode fundos multimercado conseguem superar o benchmark, considerando a nova classifica????o institu??da pela ANBIMA em Maio de 2009. As dez categorias foram classificadas como Long & Short Direcional, Long & Short Neutro, Multigestor, Macro, Multiestrategia, Juros e Moedas, Trading, Estrat??gia Especifica, Balanceados e Capital Protegido, visando adequar de uma melhor forma as diferentes estrat??gias e o perfil de risco de cada fundo multimercado aos perfis dos investidores. Considerou-se na amostra do estudo apenas os fundos multimercados n??o exclusivos que apresentaram cotas de Maio de 2009 a Dezembro de 2013. O desempenho dos fundos foi analisado utilizando indicadores, como o retorno m??dio, a volatilidade, o ??ndice de Sharpe e o Alfa de Jensen, deforma a avaliar se os fundos mulimercados conseguem obter um retorno ajustado ao risco significante, em compara????o com a taxa do CDI. Al??m disso, foram aplicados testes de hip??tese, para verificar em que medida a m??dia de retorno dos fundos multimercados se equivale ao CDI.A an??lise de dados encontrou evid??ncias de que apenas algumas categorias de fundos multimercados superaram o benchmark no per??odo analisado, tais como as categorias Long & Short Direcional, Long & Short Neutro, Multigestor, Macro, Multiestrategia e Juros e Moedas. Obtiveram um retorno acima do CDI com volatilidade aceit??vel, apresentando ??ndices de Sharpe e Alfa de Jensen positivos, ou seja, foram eficientes na supera????o do CDI em rela????o ao risco assumido em cada uma das suas respectivas estrat??gias de gest??o. Em rela????o aos testes de hip??tese, n??o foi poss??vel rejeitar a hip??tese de que a m??dia dos retornos dos fundos multimercados s??o estatisticamente iguais ao CDI. Apenas a categoria Capital Protegido apresentou m??dia de retorno estatisticamente diferente do CDI no per??odo analisado. Este trabalho serve ao mercado como uma ferramenta de an??lise e reflex??o sobre as estrat??gias de gest??o de fundos multimercados e como um guia de investimentos para o p??blico em geral, contribuindo para identificaras melhores estrat??gias de gest??o ativa, bem como os fundos multimercados com melhor desempenho.