This paper attempts to evaluate the out-of-sample performance of an improved estimator of
the covariance structure of hedge fund index returns, focusing on its use for optimal portfolio …

In recent times, venture capital and private equity funds have become household names, but
so far little has been written for the investors in such funds, the so-called limited partners …

There are many benefits to investing in hedge funds, particularly when using a diversified
multi-strategy approach. Over the recent years, multi-strategy funds of hedge funds have …

Many institutions are attracted to diversified portfolios of hedge funds, referred to as Funds of
Hedge Funds (FoHFs). In this article, we examine a new database that separates out for the …

With institutional investors increasingly involved in alternative investments, portfolio
optimisation within a large universe of hedge funds has become a key area for research …

The purpose of this book is to present the principles of alternative investments in
management. The individual chapters provide a detailed analysis of various classes of …

Recent events in financial markets have focused interest on the existence and operations of
a relatively new form of investment entity, the hedge fund. A hedge fund is a loosely …

The Hedge Fund Compliance and Risk Management Guide provides you with a broad
examination of the most important compliance and risk management issues associated with …

The authors survey numerous hedge fund studies related to their institutional, historical and
performance characteristics; their purpose and effectiveness in achieving balanced …

Hedge Funds and the Institutional Investor Page 1 Institutional investors, both in the United
States and abroad, have begun to treat hedge funds as a legitimate asset class—as …