Heidorn, Thomas; Kaiser, Dieter G.; Voinea, Andre - Frankfurt School of Finance and Management - 2010
January 2002 to September 2009 time period: funds of hedge funds (FHFs), investable hedge fund indices (IHFIs), and hedge fund … noninvestable hedge fund indices. Our results further suggest that, in a best case scenario, IHFIs outperform FHFs and HFRS on a …-sensitive investors especially should consider taking a core-satellite approach to their hedge fund portfolio, with the core represented …