TY - JOUR T1 - Hedge Funds JF - The Journal of Alternative Investments SP - 69 LP - 76 DO - 10.3905/jai.1999.318942 VL - 2 IS - 2 AU - Glenn Yago AU - Lalita Ramesh Y1 - 1999/09/30 UR - https://pm-research.com/content/2/2/69.abstract N2 - With the potential demise of more aggressively leveraged hedge funds and the remediation of their function through financial institutions, as proposed by the BIS, a very serious question remains unanswered for the developing world: How will growth be funded in emerging markets? The authors raise numerous questions as to the degree to which hedge funds foster systemic risk, and, moreover, the trade-off between the benefits the various strategies provide in investment growth and the possible costs in periods of market turbulence. ER -