May 2014
Intermediate to advanced
256 pages
3h 54m
English
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Several of the previous chapters, especially Chapter 5, dealt with the performance history of hedge funds. Chapter 5 showed, for example, that the performance of hedge funds, as measured by the Hedge Fund Research Indices (HFRI) Fund Weighted Composite Index, was especially strong in the 1990s and early 2000s, but recent performance has been less extraordinary, even disappointing. Proponents of hedge funds argue that the return streams from all asset classes have been lower over the past decade, and hedge fund managers are mostly delivering return streams that are acceptably positive with less volatility ...
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