@article {K{\"o}nberg21, author = {Magnus K{\"o}nberg and Martin Lindberg}, title = {Hedge Funds}, volume = {4}, number = {1}, pages = {21--31}, year = {2001}, doi = {10.3905/jai.2001.318999}, publisher = {Institutional Investor Journals Umbrella}, abstract = {In recent years, various hedge fund strategies have shown wide swings in returns. In this paper, the authors show that this performance should have been expected. A review of performance under similar economic conditions in the past showed similar results. However, results also show that portfolios using alternative investments are more consistent with future portfolios under a wide range of market environments than portfolios composed only of traditional investments.}, issn = {1520-3255}, URL = {https://jai.pm-research.com/content/4/1/21}, eprint = {https://jai.pm-research.com/content/4/1/21.full.pdf}, journal = {The Journal of Alternative Investments} }