Evaluation of the Hedge Fund Market Development

Abstract

The topic of the thesis is focused on the development of the hedge fund market and its overall performance. First, the attention is paid to the characteristics of the capital market, investment process and the role of investment companies. Although hedge funds can be considered as a type of collective investment, they are very specific and diffent compared to traditional investment or mutual funds. Thus, we can find the main characteristics of hedge funds in the thesis. Finally, the development of hedge fund industry and the overall performance in selected countries including apan, North America, China, India, and Russia is compared based on HFRX indexes. Finally, we conclude that in recent years, hedge funds have continued to grow and develop, with development rates far higher than the average in developing countries and near or even below average in developed countries and regions.