Abstract
In this article, the authors provide evidence that market timing is possible over the shorter time periods that institutional asset allocation approaches typically consider. The evidence is based on the performance of components typically used in quantitative market timing approaches as well as the finding that hedge funds have successfully practiced market timing over the past 20 years and that market timing is the source of at least half of hedge fund alpha.
- © 2012 Pageant Media Ltd
Don’t have access? Register today to begin unrestricted access to our database of research.