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Asset Characteristics of Hedge Funds

UBS Alternative Investments, 16 February 2011

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

Sameer Jain

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

Date Written: February 1, 2011


Hedge funds are considered an alternative asset class, in contrast with traditional investments such as stock and bonds. One of the reasons to view hedge funds in a somewhat different light than “bread and butter” asset classes is the differing asset characteristics that hedge funds exhibit. This installment of the hedge fund series focuses on these performance characteristics, providing insights into returns and correlations, but also drilling into additional distributional aspects such as skewness and kurtosis (fat tails).

Suggested Citation

Jain, Sameer, Asset Characteristics of Hedge Funds (February 1, 2011). UBS Alternative Investments, 16 February 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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