PT  - JOURNAL ARTICLE
AU  - Franklin R. Edwards
TI  - Do Hedge Funds Have a Future?
AID  - 10.3905/jai.1999.318947
DP  - 1999 Sep 30
TA  - The Journal of Alternative Investments
PG  - 63--68
VI  - 2
IP  - 2
4099  - https://pm-research.com/content/2/2/63.short
4100  - https://pm-research.com/content/2/2/63.full
AB  - On the question of whether “hedge funds have a future,” the author shows that the answer depends primarily on whether the message gets through to regulators and policymakers. If new regulations strip hedge funds of their comparative advantages and make them more like mutual funds, their future will not be secure. In the long run, of course, hedge funds will also have to provide the kind of attractive returns they have in the past if they are to have a future at all. This will be especially important because the returns on traditional asset classes are not as good as they have been in recent years.