A new breed?

The London Business School (LBS) is preparing to launch its Centre for Hedge Fund Research and Education with Narayan Naik, an associate professor in the Faculty of Finance and Accounting, as its director.

Naik has been conducting research into hedge funds for the past three to four years and is currently looking into how to benchmark and estimate risks," he explains.

He has also been analysing performance persistence for hedge funds, asking whether 'winners' can repeat their success. He sa