Even better than the real thing?

Hedge fund replication

The hedge fund industry has grown at an astounding pace. There are around 8,000 hedge funds currently in existence, managing anywhere between $1.5 trillion and $2 trillion in assets. The surge in new entrants has meant hedge funds are no longer the preserve of a few super-rich, in-the-know investors. On the other hand, there's a wide variety of funds pursuing an array of strategies - with some performing significantly better than others. And that's made it increasingly difficult to identify