May 2014
Intermediate to advanced
256 pages
3h 54m
English
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Chapter 1 discussed the growth of mutual funds and hedge funds. It showed that hedge funds and other alternative asset classes experienced exceptional growth in the 20-year span that began in 1990 and that most of this growth was focused on a relatively narrow group of ultra-high-net-worth individuals, family offices, endowments, and foundations. One of the principal attractive aspects of hedge funds is their general lack of correlation with the two major asset classes of stocks and bonds. One characteristic of most hedge fund investors is that they have always been focused on each investment’s ...
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