Hedge fund investment back on pension funds' horizons

fons-lute-pggm

So much for absolute returns. The raison d’être of hedge funds was that manager skill would produce ‘alpha’ returns for investors rather than the ‘beta’ rewards long-only managers take for simply being exposed to the market. If hedge funds did what they were meant to do then their returns would not be correlated with the performance of equity indexes and the other regular market benchmarks. That, at least, was the theory. But when the financial crisis hit and markets went into freefall, it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: