id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3129	Kanuri, Srinidhi; McLeod, Robert W.	Performance of alternative mutual funds: The average investor’s hedge fund	2014	29	.pdf	application/pdf	14752	1003	77	Following Ferson and Schadt (1996), the conditional market timing and selectivity of these funds is given by: Conditional Treynor and Mazuy Ri,t � Rf,t � �s � �1 (Rm,t � Rf,t) ��1{zt-1*(Rm,t � Rf,t) } � �2 (Rm,t � Rf,t)2 � ei,t (10) Conditional Henriksson and Merton Ri,t � Rf,t � �s � �1 (Rm,t � Rf,t) ��1{zt-1*(Rm,t � Rf,t) } The modified model is as follows: Ri,t – Rf,t � �1 � �2 (Dt) � �1 (Rm,t � Rf,t) � �2 (Dt) (Rm,t � Rf,t)	cache/fsr-3129.pdf	txt/fsr-3129.txt