Effects of Fund Characteristics on the Performance of Asian Hedge Funds

In this paper, we investigate the impacts of different fund characteristics of Asian hedge funds (AHFs) on their risks and returns during the period of 1st January 2000 - 15th June 2008 through the use of the crosssectional regression method. We choose a sample of 340 AHFs that provide the most information on their funds' characteristics. The chosen sample is free from survivorship bias. 15 different fund characteristics of AHFs are selected for this study. Results show evidence of the significant impacts of certain fund characteristics on the AHFs' performance. These findings are important to both fund managers and investors, who make investment decisions with AHFs.