Email this article The structure and characteristics of investment decision-making in a hedge fund
- Authors: Voronova N.S.1, Yakovleva E.A.2, Sharich E.E.1, Yakovleva D.D.1
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Affiliations:
- St Petersburg State University
- Saint Petersburg State University of Economics
- Issue: Vol 13, No 1 (2023)
- Pages: 95-112
- Section: Articles
- URL: https://journal-vniispk.ru/2222-534X/article/view/146301
- DOI: https://doi.org/10.18334/epp.13.1.117175
- ID: 146301
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Abstract
The article structured the elements of the process of making investment decisions in a hedge fund for the purposes of formalizing a decision support system (DSS). In particular, the authors systematized risk control methods when making investment decisions within a hedge fund, taking into account portfolio optimization, tasks and conditions for achieving optimality. The authors raise the issue of strategies' mutual correlation, which leads to a potential threat of a decrease in resource provision (in the informational aspect) of a decision maker when working with DSS with a focus on the proposed target value to resolve a problematic situation. To solve this problem, it is proposed to carry out constant monitoring and updating of the accumulated knowledge base by the subject of management (manager) about the management object (investment strategy).It is also necessary to control the flows in the management object on the basis of matching needs and opportunities through logical and linguistic modeling (frames) in order to maintain the system's homeokinetic equilibrium.
About the authors
Natalya Stepanovna Voronova
St Petersburg State University
Email: n.voronova@spbu.ru
Проф., д.э.н., проф.
Elena Anatolevna Yakovleva
Saint Petersburg State University of Economics
Email: helen7199@gmail.com
Проф., д.э.н., доцент
Ermin Emirovich Sharich
St Petersburg State University
Email: st062696@student.spbu.ru
студент
Darya Dmitrievna Yakovleva
St Petersburg State University
Email: st062671@student.spbu.ru
студент
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