Air dates: Thursday, August 29, 2013, 7:30 p.m.; Sunday, September 1, 2013, 7:30 a.m.
Hedge funds have been characterized as an investment vehicle exclusively for the wealthy. What makes these elusive funds so lucrative and can an average investor get in on them?
In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Russ Wermers explains hedge funds and how they – or new funds that follow very similar investment strategies – can be accessible to all investors.
Wermers is a professor of finance at the Smith School. His main research interests include studies of the efficiency of securities markets, as well as the role of institutional investors in setting stock prices. His past research has developed new approaches to measuring and attributing the performance of mutual funds, pension funds, and hedge funds, as well as devising winning strategies for investing in these funds. Professor Wermers also studies the investment behavior of these asset managers, as well as the impact of their trades on stock markets. His papers have been published in top academic journals and have won numerous awards.
Where to Watch
Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Your Business and Money. The program airs at 7:30 p.m. on Thursdays and is repeated the following Sunday at 7:30 a.m. on public television stations throughout Maryland and the Washington, D.C., metropolitan region, including:
- WMPB-TV (Ch. 67), Baltimore
- WMPT-TV (Ch. 22), DC metro/Annapolis
- WCPB-TV (Ch. 28), Salisbury
- WFPT-TV (Ch. 62), Frederick
- WWPB-TV (Ch. 31), Hagerstown
- WGPT-TV (Ch. 36), Oakland