{"id":"https://openalex.org/W2149096790","doi":"https://doi.org/10.1057/jdhf.2008.28","title":"The performance persistence of equity long/short hedge funds","display_name":"The performance persistence of equity long/short hedge funds","publication_year":2009,"publication_date":"2009-04-24","ids":{"openalex":"https://openalex.org/W2149096790","doi":"https://doi.org/10.1057/jdhf.2008.28","mag":"2149096790"},"language":"en","primary_location":{"id":"doi:10.1057/jdhf.2008.28","doi":"https://doi.org/10.1057/jdhf.2008.28","is_oa":true,"landing_page_url":"https://doi.org/10.1057/jdhf.2008.28","pdf_url":"https://link.springer.com/content/pdf/10.1057%2Fjdhf.2008.28.pdf","source":{"id":"https://openalex.org/S2764871172","display_name":"Journal of Derivatives & Hedge Funds","issn_l":"1753-9641","issn":["1753-9641","1753-965X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1"],"host_organization":"https://openalex.org/P4310319703","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319703","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Palgrave Macmillan","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Derivatives & Hedge Funds","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://link.springer.com/content/pdf/10.1057%2Fjdhf.2008.28.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5009083147","display_name":"Samuel Manser","orcid":"https://orcid.org/0000-0003-2633-1599","observed_orcids":["https://orcid.org/0000-0003-2633-1599"]},"institutions":[{"id":"https://openalex.org/I202963720","display_name":"University of St.Gallen","ror":"https://ror.org/0561a3s31","country_code":"CH","type":"education","lineage":["https://openalex.org/I202963720"]},{"id":"https://openalex.org/I80201079","display_name":"Credit Suisse (Switzerland)","ror":"https://ror.org/05h634p83","country_code":"CH","type":"company","lineage":["https://openalex.org/I80201079"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Samuel Manser","raw_affiliation_strings":["Swiss Institute of Banking and Finance, University of St Gallen, Rosenbergstrasse 52, St Gallen, CH-9000, Switzerland","Credit Suisse Asset Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Swiss Institute of Banking and Finance, University of St Gallen, Rosenbergstrasse 52, St Gallen, CH-9000, Switzerland","institution_ids":["https://openalex.org/I202963720"]},{"raw_affiliation_string":"Credit Suisse Asset Management","institution_ids":["https://openalex.org/I80201079"]}]},{"author_position":"last","author":{"id":null,"display_name":"Markus M Schmid","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I202963720","display_name":"University of St.Gallen","ror":"https://ror.org/0561a3s31","country_code":"CH","type":"education","lineage":["https://openalex.org/I202963720"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Markus M Schmid","raw_affiliation_strings":["Swiss Institute of Banking and Finance, University of St Gallen, Rosenbergstrasse 52, St Gallen, CH-9000, Switzerland","Swiss Institute of Banking and Finance, University of St Gallen, St Gallen, Switzerland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Swiss Institute of Banking and Finance, University of St Gallen, Rosenbergstrasse 52, St Gallen, CH-9000, Switzerland","institution_ids":["https://openalex.org/I202963720"]},{"raw_affiliation_string":"Swiss Institute of Banking and Finance, University of St Gallen, St Gallen, Switzerland","institution_ids":["https://openalex.org/I202963720"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":6.2,"has_fulltext":true,"cited_by_count":22,"citation_normalized_percentile":{"value":0.96252198,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"15","issue":"1","first_page":"51","last_page":"69"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/performance-persistence","display_name":"performance persistence","score":0.7450000047683716},{"id":"https://openalex.org/keywords/risk-adjusted-returns","display_name":"risk-adjusted returns","score":0.9549999833106995},{"id":"https://openalex.org/keywords/sharpe-ratio","display_name":"Sharpe ratio","score":0.9879999756813049},{"id":"https://openalex.org/keywords/market-exposure","display_name":"market exposure","score":0.6639999747276306},{"id":"https://openalex.org/keywords/volatility","display_name":"volatility","score":0.7080000042915344},{"id":"https://openalex.org/keywords/hedge-fund-performance","display_name":"hedge fund performance","score":0.6899999976158142}],"concepts":[{"id":"https://openalex.org/C204434749","wikidata":"https://www.wikidata.org/wiki/Q105611","display_name":"Hedge fund","level":2,"score":0.7782613039016724},{"id":"https://openalex.org/C2781009140","wikidata":"https://www.wikidata.org/wiki/Q7170389","display_name":"Persistence (discontinuity)","level":2,"score":0.6572310328483582},{"id":"https://openalex.org/C139938925","wikidata":"https://www.wikidata.org/wiki/Q1501898","display_name":"Sharpe ratio","level":3,"score":0.6545534133911133},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.613086998462677},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6088407039642334},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5806818008422852},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.5494847893714905},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5127154588699341},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5060572028160095},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.4932019114494324},{"id":"https://openalex.org/C43089589","wikidata":"https://www.wikidata.org/wiki/Q5570807","display_name":"Global assets under management","level":4,"score":0.4336015284061432},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3287533223628998},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.200204998254776},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1306879222393036},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C187320778","wikidata":"https://www.wikidata.org/wiki/Q1349130","display_name":"Geotechnical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1057/jdhf.2008.28","doi":"https://doi.org/10.1057/jdhf.2008.28","is_oa":true,"landing_page_url":"https://doi.org/10.1057/jdhf.2008.28","pdf_url":"https://link.springer.com/content/pdf/10.1057%2Fjdhf.2008.28.pdf","source":{"id":"https://openalex.org/S2764871172","display_name":"Journal of Derivatives & Hedge Funds","issn_l":"1753-9641","issn":["1753-9641","1753-965X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1"],"host_organization":"https://openalex.org/P4310319703","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319703","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Palgrave Macmillan","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Derivatives & Hedge Funds","raw_type":"journal-article"},{"id":"pmh:oai:alexandria.unisg.ch:20.500.14171/76156","doi":null,"is_oa":false,"landing_page_url":"https://www.alexandria.unisg.ch/handle/20.500.14171/76156","pdf_url":null,"source":{"id":"https://openalex.org/S4306400650","display_name":"Alexandria (UniSG) (University of St.Gallen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210158813","host_organization_name":"St.Gallen University of Teacher Education","host_organization_lineage":["https://openalex.org/I4210158813"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"journal article"},{"id":"pmh:oai:www.alexandria.unisg.ch:210176","doi":null,"is_oa":false,"landing_page_url":"http://www.alexandria.unisg.ch/210176/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400650","display_name":"Alexandria (UniSG) (University of St.Gallen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210158813","host_organization_name":"St.Gallen University of Teacher Education","host_organization_lineage":["https://openalex.org/I4210158813"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal paper"}],"best_oa_location":{"id":"doi:10.1057/jdhf.2008.28","doi":"https://doi.org/10.1057/jdhf.2008.28","is_oa":true,"landing_page_url":"https://doi.org/10.1057/jdhf.2008.28","pdf_url":"https://link.springer.com/content/pdf/10.1057%2Fjdhf.2008.28.pdf","source":{"id":"https://openalex.org/S2764871172","display_name":"Journal of Derivatives & Hedge Funds","issn_l":"1753-9641","issn":["1753-9641","1753-965X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1"],"host_organization":"https://openalex.org/P4310319703","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319703","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Palgrave Macmillan","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Derivatives & Hedge Funds","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320311363","display_name":"Universit\u00e4t St. Gallen","ror":"https://ror.org/0561a3s31"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2149096790.pdf","grobid_xml":"https://content.openalex.org/works/W2149096790.grobid-xml"},"referenced_works_count":37,"referenced_works":["https://openalex.org/W1550497284","https://openalex.org/W1578382678","https://openalex.org/W1763040375","https://openalex.org/W1905113743","https://openalex.org/W1995834279","https://openalex.org/W2016116986","https://openalex.org/W2028203519","https://openalex.org/W2039352825","https://openalex.org/W2049571836","https://openalex.org/W2061197358","https://openalex.org/W2064069416","https://openalex.org/W2098996963","https://openalex.org/W2101434526","https://openalex.org/W2105177794","https://openalex.org/W2117178635","https://openalex.org/W2125520394","https://openalex.org/W2127336480","https://openalex.org/W2130684388","https://openalex.org/W2136120210","https://openalex.org/W2154721935","https://openalex.org/W2165723500","https://openalex.org/W3023539864","https://openalex.org/W3023906401","https://openalex.org/W3023981796","https://openalex.org/W3122300867","https://openalex.org/W3122713808","https://openalex.org/W3122840957","https://openalex.org/W3123289848","https://openalex.org/W3124650021","https://openalex.org/W3124792793","https://openalex.org/W3125058002","https://openalex.org/W3125500800","https://openalex.org/W3126060244","https://openalex.org/W3126082197","https://openalex.org/W4243840727","https://openalex.org/W4285719527","https://openalex.org/W4298140396"],"related_works":["https://openalex.org/W7042591114","https://openalex.org/W2210244594","https://openalex.org/W3125429255","https://openalex.org/W2064069416","https://openalex.org/W2074628139","https://openalex.org/W2506775893","https://openalex.org/W1987567471","https://openalex.org/W2111182682","https://openalex.org/W3208027481","https://openalex.org/W2277612720"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":6}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}