HEDGE FUND PERFORMANCE IN SWEDEN - A Comparative Study Between Swedish and European Hedge Funds.

Abstract

The purpose of this thesis is to investigate the performance of Swedish hedge funds in relation to European hedge funds. Different strategies and characteristics will be analysed in order to enable the comparison. Quantitative data has been extracted to calculate risk and return measurements as well as to conduct multiple regressions. The hedge funds in Sweden have been found to be less expensive, less risky and active longer than the European hedge funds. By analysing the results, evidence for important characteristics for the performance of hedge funds have been established and the Swedish hedge funds overall have been found to outperform European hedge funds. However, the same evidence cannot be found for the strategies when examining their return separately. Finally, the result is not sufficient enough to state why Swedish hedge funds outperform European hedge funds.