Subhash, Sujit; Enke, David - In: Financial Innovation 5 (2019) 1, pp. 1-19
Hedge funds have traditionally served wealthy individuals and institutional investors with the promise of delivering … transparency, and lockup periods typically associated with hedge funds. Hedge fund replication products, or clones, seek to answer … offer lower risk-reward performance compared to hedge funds. This research explores hedge fund replication further by …