Most hedge funds are self-described absolute return vehicles that promote their ability to produce superior alpha versus other types of investments. It was the allure of double-digit returns following the tech bubble collapse that sparked the explosion of hedge funds in the early 2000s.
Recent hedge funds returns have been lacklustre compared with equity investments. Moreover, the introduction of low-cost equity investments through the tremendous growth of exchange-traded funds (ETFs) coupled wi
The week on Risk.net, December 2–8, 2017Receive this by email