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HEDGE FON SEKTÖRÜNÜN GELİŞİMİ VE HEDGE FONLARIN TEMEL ÖZELLİKLERİ

Year 2009, Volume: 8 Issue: 27, 99 - 125, 01.01.2009

Abstract

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References

  • “Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management” Report of The President’s Working Group on Financial Markets, April 1999.
  • “Recent Developments in Hedge Funds”, Financial Systems and Bank Examination Department, Financial Markets Department, Bank of Japan, June 13, 2006.
  • Anson, Mark J. P., “Hedge Funds”, The Handbook of Financial İnstruments, Ed.: Frank J. Fabozzi, John Wiley & Sons, Inc., Hoboken, New Jersey, 2002.
  • Barbara Dreyfus, "What Hedge Funds Risk", 18 June 2007, http://www.nakedcapitalism.com/2007/06/what-hedge-funds-risk.html, 12.05.2008.
  • Baum, Stephanie, “Emerging Markets Top Hedge Fund Performance”, 09 January 2008(a), http://www.efinancialnews.com/archive/content/2449529069, 02.06.2008.
  • Baum, Stephanie, “US Hedge Funds Failures Slowed in 2007”, 27 March 2008(b), http://www.efinancialnews.com/usedition/index/content/2350170319, 02.06.2008.
  • Baum, Stephanie, “Top 100 Hedge Funds Have 75% of Industry Assets”, 21 May 2008(c), http://www.efinancialnews.com/usedition/index/content/2350726592, 02.06.2008.
  • Becker, Brandon ve Colleen Doherty-Minicozzi, “Hedge Funds in Global Fınancial Markets”, February 2000.
  • Bernanke, Ben S., “Hedge Funds and Systemic Risk”, BIS Review 41/2006, 2006, ss.1-4, http://www.bis.org/review/r060522a.pdf, 16.04.2004.
  • Bunderverband Deutscher Banken, “Making Hedge Funds More Transparent”, Position Paper of the Association of German Banks”, Berlin, 15 May 2007.
  • Delasantellis, Julian, “Hedge Funds: Playing Dice with the Universe”, 2006, http://www.atimes.com/atimes/Global_Economy/HG06Dj02.html, 18.04.2008.
  • Eichengreen, Barry and Donald Mathieson, “Hedge Funds: What Do We Really Know?”, International Monetary Fund, September 1999, http://www.imf.org/external/pubs/ft/issues/issues19/index.htm, 18.04.2008.
  • Ferguson, Roger ve David Laster, “Hedge Funds and Systemic Risk”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.45- 54.
  • Foster, Dean P. ve H. Peyton Young, “The Hedge Fund Game: Incentives, Excess Returns, and Piggy-Backing”, 2 March 2008.
  • Fung, William ve David A. Hsieh, “A Primer on Hedge Funds”, Journal of Empirical Finance, (6), 1999.
  • Fung, William ve David A. Hsieh, “Hedge Funds: An Industry in Its Adolescence”, Federal Reserve Bank of Atlanta, Economic Review, Fourth Quarter, 2006, ss.1-34.
  • Fung, William, David A. Hsieh ve Konstantinos Tsatsaronis, “Do Hedge Funds Disrupt Emerging Markets?” Brookings-Wharton Papers on Financial Services, 2000.
  • Garbaravicius, Tomas ve Frank Dierick, “Hedge Funds and Their Implications For Financial Stability”, European Central Bank, Occasional Paper Series, No. 34, August 2005.
  • The Hedge Fund Working Group (HFWG), “Hedge Fund Working Group Focuses on Valuation and Risk Management Standards”, 2008.
  • Hedges, James R., Hedges on Hedge Funds: How to Successfully Analyze and Select an Investment, John Wiley & Sons, Inc., Hoboken, New Jersey, 2005.
  • Hutchings, William, “Industry Assets Hit $1,9 trillion”, 31 January 2008, http://www.efinancialnews.com/usedition/index/content/2349664184, 02.06.2008.
  • Kambhu, John, Til Schuermann ve Kevin J. Stiroh, “Hedge Funds, Financial Intermediation, and Systemic Risk”, Federal Reserve Bank of New York Staff Reports, No. 291, July 2007.
  • Lhabitant, François-Serge, Handbook of Hedge Funds, John Wiley & Sons Ltd., Chichester, England, 2006.
  • Noyer, Christian, “Hedge Funds: What are the Main Issues?”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.105-111.
  • Podkaminer, Leon, “Hedge Funds and Financial Stability”, http://www.europarl.europa.eu/comparl/econ/emu/20061010/podkaminer.pdf, 12.03.2008.
  • Ryback, William A., “Hedge Funds in Emerging Markets”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.143-149.
  • Securities and Exchange Commission (SEC), “Implications of the Growth of Hedge Funds”, September 2003, http://www.sec.gov/news/studies/hedgefunds0903.pdf, 12.03.2008.
  • Stevenson, Patrick, “Fund of Hedge Funds: Origins, Role and Future”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.151-160.
  • Tuba Ertugay Yıldız, “Hedge Fonların İşleyişi”, Yeterlik Etüdü, SPK, İstanbul, Haziran 2004.
  • Walter, Norbert, "Hedge Funds and Financial Stability”, October 2006, http://www.europarl.europa.eu/comparl/econ/emu/20061010/walter.pdf, 18.04.2008.

HEDGE FON SEKTÖRÜNÜN GELİŞİMİ VE HEDGE FONLARIN TEMEL ÖZELLİKLERİ

Year 2009, Volume: 8 Issue: 27, 99 - 125, 01.01.2009

Abstract

Hedge fonlar, uluslararası finansal piyasalardaki önemli oyunculardan biri haline gelmiştir. Hedge fon sektörü, 1990’lı yıllardan itibaren hem aktif büyüklüğü hem de hedge fon sayısı olarak hızla büyümektedir. Tahmini olarak 10.000 hedge fon yaklaşık 2 trilyon $ değerinde aktifi yönetmektedir. Hedge fonlar, hala finansal piyasalar içerisinde küçük bir paya sahiptir. Fakat, hedge fonların finansal piyasalardaki aktif ve etkin rolleri, hedge fonları daha önemli bir konuma getirmektedir. Hedge fonlar da havuz yatırım araçları olmasına rağmen, hedge fonlar, geleneksel yatırım fonlarından ve portföy yönetim şirketlerinden farklı özelliklere sahiptir. Bu çalışmada, hedge fon sektörünün gelişimi ve hedge fonların temel özellikleri incelenmiştir

References

  • “Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management” Report of The President’s Working Group on Financial Markets, April 1999.
  • “Recent Developments in Hedge Funds”, Financial Systems and Bank Examination Department, Financial Markets Department, Bank of Japan, June 13, 2006.
  • Anson, Mark J. P., “Hedge Funds”, The Handbook of Financial İnstruments, Ed.: Frank J. Fabozzi, John Wiley & Sons, Inc., Hoboken, New Jersey, 2002.
  • Barbara Dreyfus, "What Hedge Funds Risk", 18 June 2007, http://www.nakedcapitalism.com/2007/06/what-hedge-funds-risk.html, 12.05.2008.
  • Baum, Stephanie, “Emerging Markets Top Hedge Fund Performance”, 09 January 2008(a), http://www.efinancialnews.com/archive/content/2449529069, 02.06.2008.
  • Baum, Stephanie, “US Hedge Funds Failures Slowed in 2007”, 27 March 2008(b), http://www.efinancialnews.com/usedition/index/content/2350170319, 02.06.2008.
  • Baum, Stephanie, “Top 100 Hedge Funds Have 75% of Industry Assets”, 21 May 2008(c), http://www.efinancialnews.com/usedition/index/content/2350726592, 02.06.2008.
  • Becker, Brandon ve Colleen Doherty-Minicozzi, “Hedge Funds in Global Fınancial Markets”, February 2000.
  • Bernanke, Ben S., “Hedge Funds and Systemic Risk”, BIS Review 41/2006, 2006, ss.1-4, http://www.bis.org/review/r060522a.pdf, 16.04.2004.
  • Bunderverband Deutscher Banken, “Making Hedge Funds More Transparent”, Position Paper of the Association of German Banks”, Berlin, 15 May 2007.
  • Delasantellis, Julian, “Hedge Funds: Playing Dice with the Universe”, 2006, http://www.atimes.com/atimes/Global_Economy/HG06Dj02.html, 18.04.2008.
  • Eichengreen, Barry and Donald Mathieson, “Hedge Funds: What Do We Really Know?”, International Monetary Fund, September 1999, http://www.imf.org/external/pubs/ft/issues/issues19/index.htm, 18.04.2008.
  • Ferguson, Roger ve David Laster, “Hedge Funds and Systemic Risk”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.45- 54.
  • Foster, Dean P. ve H. Peyton Young, “The Hedge Fund Game: Incentives, Excess Returns, and Piggy-Backing”, 2 March 2008.
  • Fung, William ve David A. Hsieh, “A Primer on Hedge Funds”, Journal of Empirical Finance, (6), 1999.
  • Fung, William ve David A. Hsieh, “Hedge Funds: An Industry in Its Adolescence”, Federal Reserve Bank of Atlanta, Economic Review, Fourth Quarter, 2006, ss.1-34.
  • Fung, William, David A. Hsieh ve Konstantinos Tsatsaronis, “Do Hedge Funds Disrupt Emerging Markets?” Brookings-Wharton Papers on Financial Services, 2000.
  • Garbaravicius, Tomas ve Frank Dierick, “Hedge Funds and Their Implications For Financial Stability”, European Central Bank, Occasional Paper Series, No. 34, August 2005.
  • The Hedge Fund Working Group (HFWG), “Hedge Fund Working Group Focuses on Valuation and Risk Management Standards”, 2008.
  • Hedges, James R., Hedges on Hedge Funds: How to Successfully Analyze and Select an Investment, John Wiley & Sons, Inc., Hoboken, New Jersey, 2005.
  • Hutchings, William, “Industry Assets Hit $1,9 trillion”, 31 January 2008, http://www.efinancialnews.com/usedition/index/content/2349664184, 02.06.2008.
  • Kambhu, John, Til Schuermann ve Kevin J. Stiroh, “Hedge Funds, Financial Intermediation, and Systemic Risk”, Federal Reserve Bank of New York Staff Reports, No. 291, July 2007.
  • Lhabitant, François-Serge, Handbook of Hedge Funds, John Wiley & Sons Ltd., Chichester, England, 2006.
  • Noyer, Christian, “Hedge Funds: What are the Main Issues?”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.105-111.
  • Podkaminer, Leon, “Hedge Funds and Financial Stability”, http://www.europarl.europa.eu/comparl/econ/emu/20061010/podkaminer.pdf, 12.03.2008.
  • Ryback, William A., “Hedge Funds in Emerging Markets”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.143-149.
  • Securities and Exchange Commission (SEC), “Implications of the Growth of Hedge Funds”, September 2003, http://www.sec.gov/news/studies/hedgefunds0903.pdf, 12.03.2008.
  • Stevenson, Patrick, “Fund of Hedge Funds: Origins, Role and Future”, Financial Stability Review: Special Issue on Hedge Funds, Banque de France, No. 10, April 2007, ss.151-160.
  • Tuba Ertugay Yıldız, “Hedge Fonların İşleyişi”, Yeterlik Etüdü, SPK, İstanbul, Haziran 2004.
  • Walter, Norbert, "Hedge Funds and Financial Stability”, October 2006, http://www.europarl.europa.eu/comparl/econ/emu/20061010/walter.pdf, 18.04.2008.
There are 30 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Adem Anbar This is me

Publication Date January 1, 2009
Submission Date September 10, 2014
Published in Issue Year 2009 Volume: 8 Issue: 27

Cite

APA Anbar, A. (2009). HEDGE FON SEKTÖRÜNÜN GELİŞİMİ VE HEDGE FONLARIN TEMEL ÖZELLİKLERİ. Elektronik Sosyal Bilimler Dergisi, 8(27), 99-125.

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Elektronik Sosyal Bilimler Dergisi (Electronic Journal of Social Sciences), Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı ile lisanslanmıştır.

ESBD Elektronik Sosyal Bilimler Dergisi (Electronic Journal of Social Sciences), Türk Patent ve Marka Kurumu tarafından tescil edilmiştir. Marka No:2011/119849.