The fact that hedge funds have started to gain widespread acceptance while remaining a somewhat mysterious asset class enhances the need for better measurement and benchmarking of their performance. Finding an index that is representative of a particular hedge fund strategy is not, however, a trivial problem.
This is due to the scarcity of information. The different indices available are constructed from different data, according to diverse selection criteria and methods of construction, leading
The week on Risk.net, December 2–8, 2017Receive this by email