Hedge funds are often thought of as being high-risk investments and many investors in the past have shied away from them for fear of making large losses.
Professor of Finance, EDHEC Business SchoolHead of Research, Kedge Capital
Analyst, Alternative Asset Advisors- 3A
However, over the recent years, hedge funds have generally substantially outperformed equities, with much lower volatility. As a consequence, they are now in strong demand, particularly when one remembers that any risk associated with hedge fund investing diminishes in importance when the funds are repackaged into fund of funds products.
|Type :||Working paper|
|Date :||le 01/04/2004|
|Pôle de recherche||Finance|