Determinants of Funds of Hedge Funds Performance

In the Winter 2006 Journal of Investing, Amenc and Vaissie found that funds of hedge funds offered advantages over direct investment in hedge funds due to better diversity, liquidity and disclosure. However, few of the funds added value through active management. Instead, the value add was in terms of style selection. The authors conclude that investors should focus on funds of funds that sought diversification among strategies rather than active management.

For more information, see all articles on: Hedge Funds, Investment Returns, Portfolio Management, Research

See also:
  • Why Do Hedge Funds Stop Reporting Performance?
  • Self Selection Bias in Hedge Fund Databases
  • Risk Transparency versus Position Transparency
  • Choice of Performance Measure for Hedge Funds
  • Do Market Timing Hedge Funds Time the Market?
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    The Intelligent Investor: The Classic Text on Value Investing

    Financial Statement Analysis: A Practitioner's Guide, 3rd Edition

    Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series)

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