PT - JOURNAL ARTICLE AU - Greg N. Gregoriou AU - Fabrice Rouah TI - Large versus Small Hedge Funds AID - 10.3905/jai.2002.319064 DP - 2002 Dec 31 TA - The Journal of Alternative Investments PG - 75--77 VI - 5 IP - 3 4099 - https://pm-research.com/content/5/3/75.short 4100 - https://pm-research.com/content/5/3/75.full AB - The authors examine the returns of hedge funds and funds of hedge funds from 1994 to 1999 to determine whether the size of a fund affects its performance. Previous studies investigating this relationship for mutual funds have yielded mixed conclusions. Among academics, fund size is frequently cited as a deterrent to performance enhancement, especially when a substantial amount of cash is continually injected into the fund. The results of this study suggest that the size of a hedge fund or a fund of hedge funds has no impact on its performance.