The Search Continues -Problems of finding a consistent performance measure for Hedge Funds
The question of whether the choice of performance measure (PM) matters when evaluating Hedge funds has for a long time been subject to debate . This study explores the same question with a sample of individual monthly data from 669 Hedge Funds over a 10 year period. The standard rank correlation tests usually applied when studying the topic yield weaker correlations between the PM:s in our study t
