Master Thesis Online
Do SPACs investments influence the returns of alternative mutual funds? An empirical analysis
Adam, Romain 
Promotor(s) :
Lambert, Marie
Date of defense : 5-Sep-2022/10-Sep-2022 • Permalink : http://hdl.handle.net/2268.2/15737
Master Thesis - ADAM Romain.pdfDetails
| 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
|
| Date of defense : | 5-Sep-2022/10-Sep-2022 |
| Advisor(s) : | Lambert, Marie
|
| 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.
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