Given the increasing importance of funds of hedge funds in the development of the hedge
fund industry and the cost-intensive nature of multi-manager structures, investors are …

MiFID (The Markets in Financial Instruments Directive) is probably one of the most significant
regulatory initiatives that is about to transform the European Capital Markets. Far from the …

… Previously, JeanRené was a senior project manager with … As a research associate with
EDHEC, Jean-René heads the Best … Jean-René Giraud is a frequent speaker at major industry …

Over the last few years institutional investors’ traditional portfolios have failed to meet their
objectives in terms of risk and performance. Investors have thus shown growing interest in …

In this article, EDHEC emphasises an important issue that is probably not the expected
outcome of MiFID. Even though we recognise that the intentions of the Directive are clearly both …

This article provides the key findings of Edhec European Alternative Multi-management
Practices Survey. It provides a detailed summary of the results of the survey of the 61 …

Recent studies of investment trends show that hedge funds are becoming more and more
popular. Current market conditions prove that traditional investment policies do not protect the …

Investors are usually willing to take on risk only if they are compensated for it with greater
expected reward. Although such theories as Ross’s (1976) arbitrage pricing theory (APT) …

The Markets in Financial Instruments Directive (MiFID) is the second step in the harmonisation
of the European capital markets industry and intends to adapt the first Investment Services …