TY - JOUR T1 - Hedge Funds JF - The Journal of Alternative Investments SP - 21 LP - 31 DO - 10.3905/jai.2001.318999 VL - 4 IS - 1 AU - Magnus Könberg AU - Martin Lindberg Y1 - 2001/06/30 UR - https://pm-research.com/content/4/1/21.abstract N2 - 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. ER -