Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros

Detalhes bibliográficos
Ano de defesa: 2015
Autor(a) principal: Andrade, Vívian Barja Fidalgo Silva de
Orientador(a): Pessoa, Marcelo de Sales
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: por
Instituição de defesa: Não Informado pela instituição
Programa de Pós-Graduação: Não Informado pela instituição
Departamento: Não Informado pela instituição
País: Não Informado pela instituição
Palavras-chave em Português:
Performance
Convexidade
Capitação
Fundos
Palavras-chave em Inglês:
Performance
Convexity
Funding
Funds
Link de acesso: https://hdl.handle.net/10438/23935
Resumo: The objective of this work is to verify the hypothesis of convexity in the relationship between performance and funding in the Brazilian multimarket investment funds industry from 2000 to 2013. A total of 4,547 multimarket funds were analyzed, with a minimum of 6 months of existence. Due to the size of the category, we also observe how this relationship is in the subcategories and in two moments: before and after the crisis of 2008. As results, we find a more elastic relationship the higher the performace, corroborating the hypothesis raised. We also show evidence that the crisis had no significant impact on the convexity of the curve.
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spelling Andrade, Vívian Barja Fidalgo Silva deEscolas::EPGEFGVGonçalves, Edson Daniel LopesBragança, Gabriel Godofredo Fiuza dePessoa, Marcelo de Sales2018-05-18T19:32:03Z2018-05-18T19:32:03Z2015-05-28https://hdl.handle.net/10438/23935The objective of this work is to verify the hypothesis of convexity in the relationship between performance and funding in the Brazilian multimarket investment funds industry from 2000 to 2013. A total of 4,547 multimarket funds were analyzed, with a minimum of 6 months of existence. Due to the size of the category, we also observe how this relationship is in the subcategories and in two moments: before and after the crisis of 2008. As results, we find a more elastic relationship the higher the performace, corroborating the hypothesis raised. We also show evidence that the crisis had no significant impact on the convexity of the curve.O objetivo deste trabalho é verificar a hipótese de convexidade na relação entre performance e captação na indústria de fundos de investimento multimercado brasileira no período de 2000 a 2013. Foram analisados 4.547 fundos multimercado, com, no mínimo, 6 meses de existência. Devido à amplitude da categoria, observamos também como é essa relação nas subcategorias e em dois momentos: antes e após a crise de 2008. Como resultados, encontramos uma relação mais elástica quanto maior for a performance, corroborando a hipótese levantada. Também mostramos evidências de que a crise não teve impactos significativos na convexidade da curva.porPerformanceConvexityFundingFundsPerformanceConvexidadeCapitaçãoFundosEconomiaFundos de investimento - AvaliaçãoInvestimentos - Processo decisórioAnálise da convexidade da relação entre desempenho e captação de fundos multimercados brasileirosinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis2015-05-28info:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVTEXTdisseratação mestrado FGV.pdf.txtdisseratação mestrado FGV.pdf.txtExtracted texttext/plain75508https://repositorio.fgv.br/bitstreams/16e61023-0064-4fed-a2e6-96a83d4fe4fa/downloadb556138ac551b211fd763ed6841c242cMD54ORIGINALdisseratação mestrado FGV.pdfdisseratação mestrado 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dc.title.por.fl_str_mv Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
title Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
spellingShingle Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
Andrade, Vívian Barja Fidalgo Silva de
Performance
Convexity
Funding
Funds
Performance
Convexidade
Capitação
Fundos
Economia
Fundos de investimento - Avaliação
Investimentos - Processo decisório
title_short Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
title_full Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
title_fullStr Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
title_full_unstemmed Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
title_sort Análise da convexidade da relação entre desempenho e captação de fundos multimercados brasileiros
author Andrade, Vívian Barja Fidalgo Silva de
author_facet Andrade, Vívian Barja Fidalgo Silva de
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.member.none.fl_str_mv Gonçalves, Edson Daniel Lopes
Bragança, Gabriel Godofredo Fiuza de
dc.contributor.author.fl_str_mv Andrade, Vívian Barja Fidalgo Silva de
dc.contributor.advisor1.fl_str_mv Pessoa, Marcelo de Sales
contributor_str_mv Pessoa, Marcelo de Sales
dc.subject.eng.fl_str_mv Performance
Convexity
Funding
Funds
topic Performance
Convexity
Funding
Funds
Performance
Convexidade
Capitação
Fundos
Economia
Fundos de investimento - Avaliação
Investimentos - Processo decisório
dc.subject.por.fl_str_mv Performance
Convexidade
Capitação
Fundos
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Fundos de investimento - Avaliação
Investimentos - Processo decisório
description The objective of this work is to verify the hypothesis of convexity in the relationship between performance and funding in the Brazilian multimarket investment funds industry from 2000 to 2013. A total of 4,547 multimarket funds were analyzed, with a minimum of 6 months of existence. Due to the size of the category, we also observe how this relationship is in the subcategories and in two moments: before and after the crisis of 2008. As results, we find a more elastic relationship the higher the performace, corroborating the hypothesis raised. We also show evidence that the crisis had no significant impact on the convexity of the curve.
publishDate 2015
dc.date.issued.fl_str_mv 2015-05-28
dc.date.accessioned.fl_str_mv 2018-05-18T19:32:03Z
dc.date.available.fl_str_mv 2018-05-18T19:32:03Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/23935
url https://hdl.handle.net/10438/23935
dc.language.iso.fl_str_mv por
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dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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institution FGV
reponame_str Repositório Institucional do FGV (FGV Repositório Digital)
collection Repositório Institucional do FGV (FGV Repositório Digital)
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