What is Known About Hedge Funds?
33 Pages Posted: 27 Jun 2015
Date Written: September 5, 2005
In this article, we provide the busy reader with a survey of articles that were written over the past four years on hedge funds. Specifically, we review the economic basis for hedge fund returns and then discuss some of the logical consequences of these observations. Next, we summarize the general statistical properties of hedge fund strategies. We then examine what the appropriate performance measurement and risk management techniques are for these investments. And lastly, we briefly cover ways that investors can consider incorporating hedge funds within their overall portfolios.
Keywords: Hedge funds, alternative investments, performance measurement, risk management, returns
JEL Classification: G10, G11, G23
Suggested Citation: Suggested Citation