RT Journal Article SR Electronic T1 The Hedge Fund “Industry” and Absolute Return Funds JF The Journal of Alternative Investments FD Institutional Investor Journals SP 11 OP 27 DO 10.3905/jai.1999.318932 VO 1 IS 4 YR 1999 UL https://pm-research.com/content/1/4/11.abstract AB The hedge fund industry encompasses a wide range of possible investment strategies. Each of these strategies has unique risk and return opportunities in various market environments. In this article, the hedge fund industry is reviewed in general and one particular strategy, market neutral, is analyzed. The ability of various market neutral or absolute return funds to perform well in hostile market environments is examined.