Asset allocation advisers usually use the mean-variance framework to show the benefits of investing in hedge funds. The … in hedge funds and show that computing a portfolio with mean and variance considerably underestimates the risk of the …

Using one of the greatest hedge fund database ever used (2796 hedge funds including 801 dissolved), we investigate … hedge funds performance using various asset-pricing models, including an extension form of Carhart's (1997) model combined … with Fama & French (1998) Agarwal & Naik (2000) models and a new factor that take into account the fact that some hedge …

A common perception is that, as investors in hedge funds are afforded a lesser level of legal and regulatory …

Stichwort Hedge-Fonds oder AbsoluteRendite Fonds werden nun auch in Deutschland verstärkt innovative Anlage-produkte angeboten …

that the future of hedge fund investing may very well lie in the opportunities such alternative investment vehicles offer …

In this paper we investigate the claim that hedge funds offer investors a superior risk-return trade-off. We do so … returns of 77 hedge funds and 13 hedge fund indices over the period May 1990 – April 2000. The results show that as a stand …-alone investment hedge funds do not offer a superior risk-return profile. We find 12 indices and 72 individual funds to be inefficient …