Revisiting hedge funds: the institutional investor's perspective

pension investing

After tremendous growth over the last decade, the hedge fund industry has clearly entered a more mature stage. From an initial phase, in which some high-net-worth individuals invested in hedge funds, the industry has moved into the mainstream as more and more institutional investors have started allocating to, or at least looking at, hedge funds as a distinct asset class.

At the same time, different investment vehicles allowing exposure to hedge funds have emerged. As well as single hedge fun