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Inside the Black Box

UBS Alternative Investments, 25 January 2011

12 Pages Posted: 3 Mar 2011 Last revised: 28 May 2013

Sameer Jain

Active Allocator Inc.; Massachusetts Institute of Technology (MIT); Harvard University

Date Written: March 1, 2011


In order to confidently invest in hedge funds, it is useful to open the hedge fund black box and gain an understanding of investment and trading approaches employed by hedge funds managers. This issue lays out the building blocks of hedge fund performance generation. It examines the types of risk that hedge funds seek exposure in search for returns. It also highlights various hedge fund trading techniques.

Keywords: Hedge Funds, Arbitrage

JEL Classification: G24

Suggested Citation

Jain, Sameer, Inside the Black Box (March 1, 2011). UBS Alternative Investments, 25 January 2011. Available at SSRN: or

Sameer Jain (Contact Author)

Active Allocator Inc. ( email )

NJ 07310
United States

Massachusetts Institute of Technology (MIT) ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
United States

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

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