Faculty Advisor

Koutmos, Dimitrios


The goal of this project is to assess and analyze the strategies and ultimately performances of different hedge funds over the past 20 years utilizing the CBOE Volatility Index (VIX). Since hedge funds are traditionally not regulated by the Securities and Exchange Commission (SEC), investing in hedge funds has always been deemed extremely risky. However, investors have also been drawn to invest in hedge funds exactly because of this factor, with a firm belief of “higher risk, higher returns”. In this report, we look closely at the performances of different hedge fund styles/strategies (rather than that of any specific hedge funds) and pay special attention to how they performed during significant financial events.


Worcester Polytechnic Institute

Date Accepted

January 2017

Project Type

Interactive Qualifying Project


Restricted-WPI community only

Advisor Department


Available for download on Thursday, January 16, 2020

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