On the Role of Hedge Funds in Institutional Portfolios
نویسنده
چکیده
THE JOURNAL OF ALTERNATIVE INVESTMENTS 1 I n this article, we will review both academic and practitioner research from the standpoint of a hypothetical institutional investor who is looking into whether hedge funds make sense for their portfolio. Surveying the extensive hedge fund literature, it appears that there are six competing conceptual frameworks for how hedge funds should be incorporated into institutional portfolios. We will review each of these frameworks along with the research that supports their use.
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