Unlike mutual funds, hedge funds are reluctant to provide detailed information on their investment portfolios. Since many hedge funds use highly speculative investment strategies, fund managers fear disclosure of their portfolio holdings would significantly decrease their chances of winning their bets and reduce investors' returns.
Incomplete disclosure can have some undesirable side effects. It might open the door for hedge fund managers to change their investment strategy or to include investm
The week on Risk.net, July 14–20, 2017Receive this by email