PT  - JOURNAL ARTICLE
AU  - Pierre Jeanneret
AU  - Pierre Monnin
AU  - Stefan Scholz
TI  - Protection Potential of Commodity Hedge Funds
AID  - 10.3905/jai.2011.13.3.043
DP  - 2010 Dec 31
TA  - The Journal of Alternative Investments
PG  - 43--52
VI  - 13
IP  - 3
4099  - https://pm-research.com/content/13/3/43.short
4100  - https://pm-research.com/content/13/3/43.full
AB  - In this article, the authors show that investing in a portfolio of commodity hedge funds yields higher returns and a better control of downside risk than investing in long-only commodity indices. They also show that, contrary to a widespread belief, long-only commodity indices do not necessarily provide an efficient inflation hedge during periods of high inflation and may induce a cost in low inflation periods. Commodity hedge funds do not provide a better hedge in periods of high inflation but they do not bear any cost in low inflation periods.TOPICS: Real assets/alternative investments/private equity, commodities, futures and forward contracts, risk management