PT  - JOURNAL ARTICLE
AU  - Glenn Yago
AU  - Lalita Ramesh
TI  - Hedge Funds
AID  - 10.3905/jai.1999.318942
DP  - 1999 Sep 30
TA  - The Journal of Alternative Investments
PG  - 69--76
VI  - 2
IP  - 2
4099  - https://pm-research.com/content/2/2/69.short
4100  - https://pm-research.com/content/2/2/69.full
AB  - With the potential demise of more aggressively leveraged hedge funds and the remediation of their function through financial institutions, as proposed by the BIS, a very serious question remains unanswered for the developing world: How will growth be funded in emerging markets? The authors raise numerous questions as to the degree to which hedge funds foster systemic risk, and, moreover, the trade-off between the benefits the various strategies provide in investment growth and the possible costs in periods of market turbulence.