Edwards, Franklin R.; Gaon, Stav - In: Journal of Applied Corporate Finance 15 (2003) 4, pp. 58-71
Hedge funds are attracting increased attention because of their reputation for earning superior (risk-adjusted) returns. Hedge Fund Research Inc. estimates that in 2001 there were about 7,000 hedge funds with investor capital of about $600 billion. And yet the diversity of hedge funds, combined...