Filatov Nikita S.

The article examines the Hindalco Industries Limited subsidiary business network, emphasizing the importance of such analysis for Russian businesses. Hindalco’s network primarily focuses on India, the USA, and Canada. The company’s subsidiaries engage in various activities, such as accessing natural resources and promoting skilled labor. The choice of industries and activities depends on the subsidiaries’ locations. Hindalco’s domestic market subsidiaries focus on diverse businesses, while foreign companies focus on steel manufacturing. The company invests in the new ways to automate production and concentrates on the domestic market, with significant resources invested in the energy and computer software development sectors. Hindalco’s multinational network focuses on its innovative position as a leader in the primary industry sector. Applying business network analysis can help Russian businesses identify efficiency and cost-saving opportunities amidst sanctions.

In this research paper the question ‘Do hedge funds with a high incentive fee really outperform hedge funds with a below average or low incentive fee?’ is answered by carrying out author’s own regression on historical data and the variables that may explain the outcomes in this question. The author also considers academic researches to support the findings and add additional explanations to the outcome. Aside from testing whether hedge funds with high incentive and management fees really outperform the hedge funds with low incentive and management fees, the author also assesses whether they will offer better diversification benefits in times of need by looking at the correlation during a crisis period. In order to come to the article’s conclusion, the author answers the following questions: what relation does the fee-structure have to absolute returns, what relation does the fee-structure have to risk-adjusted returns, does paying higher fees mean better diversification benefits. This topic is relevant since many investors started questioning the benefit of investing their money in hedge funds because of poor performance of the hedge fund industry.