{
  "title": "Hedge Funds and Financial Market Dynamics",
  "publication": "Occasional Papers, May 15, 1998",
  "sourceUrl": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/hedge-funds-and-financial-market-dynamics-2597",
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  "summary": "Hedge funds are collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes.",
  "sections": [
    {
      "heading": "Overview and scope",
      "content": "- Hedge funds are described as collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes.\n- The paper considers the role of hedge funds in financial market dynamics, with particular reference to the Asian crisis.\n- Legal status of hedge funds places few restrictions on their portfolios and transactions, leaving managers free to use:\n  - short sales\n  - derivative securities\n  - leverage\n  to raise returns and cushion risk."
    },
    {
      "heading": "Key substantive points from the paper",
      "content": "- Characterization of hedge funds:\n  - Organized as private partnerships.\n  - Often resident offshore for tax and regulatory purposes.\n  - Operate with few legal restrictions on portfolios and transactions.\n- Common strategies and instruments highlighted:\n  - Short sales\n  - Derivative securities\n  - Leverage\n- Analytical focus:\n  - Role of hedge funds in financial market dynamics.\n  - Particular reference to the Asian crisis (as a case or context for analysis)."
    },
    {
      "heading": "Related platform and access note",
      "content": "- The IMF eLibrary offers over 25,000 IMF publications in multiple formats.\n\nSource: Hedge Funds and Financial Market Dynamics, Occasional Paper No. 1998/009, International Monetary Fund.\n\n---\n\n\nSource: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/hedge-funds-and-financial-market-dynamics-2597"
    }
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    "[Markdown version](/en/publications/occasional-papers/issues/2016/12/30/hedge-funds-and-financial-market-dynamics-2597/index.md)",
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    "[Bundle manifest](/en/publications/occasional-papers/issues/2016/12/30/hedge-funds-and-financial-market-dynamics-2597/bundle-manifest.json)",
    "Authors: Anne C Jansen, Donald J Mathieson, Barry J. Eichengreen, Laura E. Kodres, Bankim Chadha, Sunil Sharma",
    "Published: May 15, 1998",
    "Series: Occasional Papers",
    "DOI: https://doi.org/10.5089/9781557757364.084",
    "Hedge funds are described as collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes.",
    "The paper considers the role of hedge funds in financial market dynamics, with particular reference to the Asian crisis.",
    "Legal status of hedge funds places few restrictions on their portfolios and transactions, leaving managers free to use:",
    "Characterization of hedge funds:",
    "Common strategies and instruments highlighted:",
    "Analytical focus:",
    "The IMF eLibrary offers over 25,000 IMF publications in multiple formats."
  ],
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}