Feedback

HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège
MASTER THESIS
VIEW 39 | DOWNLOAD 22

Do SPACs investments influence the returns of alternative mutual funds? An empirical analysis

Download
Adam, Romain ULiège
Promotor(s) : Lambert, Marie ULiège
Date of defense : 5-Sep-2022/10-Sep-2022 • Permalink : http://hdl.handle.net/2268.2/15737
Details
Title : Do SPACs investments influence the returns of alternative mutual funds? An empirical analysis
Translated title : [fr] Les investissements en SPACs influencent-ils les rendements des fonds mutuels alternatifs? - Une analyse empirique
Author : Adam, Romain ULiège
Date of defense  : 5-Sep-2022/10-Sep-2022
Advisor(s) : Lambert, Marie ULiège
Committee's member(s) : Van Dessel, Vincent 
Language : English
Number of pages : 87
Keywords : [en] alternative mutual fund
[fr] alternative investment
[fr] SPAC
[fr] Special Purpose Acquisition Company
[fr] performance
[fr] risk/return
[fr] regression
[fr] multi-factor model
[fr] mutual fund
[fr] hedge fund
Discipline(s) : Business & economic sciences > Finance
Target public : Student
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[fr] The aim of the master thesis is to assess the impact of this type of investment on the returns of alternative mutual funds (AMFs). They offer the advantage of being transparent about their holdings, which is necessary for the study.
To carry out the analysis, several multi-factor models are used as AMFs are at mid-way between HFs and traditional mutual funds. This is the reason why the literature review goes through the SPACs features and returns, HF merger arbitrage strategy as it looks like SPACs investment and AMFs returns characteristics compared to HFs.


File(s)

Document(s)

File
Access Master Thesis - ADAM Romain.pdf
Description:
Size: 1.14 MB
Format: Adobe PDF

Author

  • Adam, Romain ULiège Université de Liège > Master sc. gest., à fin.

Promotor(s)

Committee's member(s)

  • Van Dessel, Vincent
  • Total number of views 39
  • Total number of downloads 22










All documents available on MatheO are protected by copyright and subject to the usual rules for fair use.
The University of Liège does not guarantee the scientific quality of these students' works or the accuracy of all the information they contain.