| Abstract [eng] |
This paper analyzes returns data of the selected four hedge funds and profit/loss results of futures, options and swaps they used during market crash caused by COVID-19 pandemic. First part of work describes systemazided concept and variety of management of derivatives and hedge funds in academic sources. For the purposes of the research, the analysis is performed by primary and secondary statistical data comparison, graphical data representation, correlation and statistical analysis. The study showed that the performance of the funds in question was lower than that of the global stock index MSCI World. During the financial collapse caused by COVID-19 fund that used exchange traded derivatives like futures and options managed to act more promptly than other funds that hold swaps positions. Funds that have lower returns than the market average face a risk in attracting investors, this is what happened to single hedge fund that was active in Lithuania and ceased to exist. |
