TY - JOUR T1 - Protection Potential of Commodity Hedge Funds JF - The Journal of Alternative Investments SP - 43 LP - 52 DO - 10.3905/jai.2011.13.3.043 VL - 13 IS - 3 AU - Pierre Jeanneret AU - Pierre Monnin AU - Stefan Scholz Y1 - 2010/12/31 UR - https://pm-research.com/content/13/3/43.abstract N2 - In this article, the authors show that investing in a portfolio of commodity hedge funds yields higher returns and a better control of downside risk than investing in long-only commodity indices. They also show that, contrary to a widespread belief, long-only commodity indices do not necessarily provide an efficient inflation hedge during periods of high inflation and may induce a cost in low inflation periods. Commodity hedge funds do not provide a better hedge in periods of high inflation but they do not bear any cost in low inflation periods.TOPICS: Real assets/alternative investments/private equity, commodities, futures and forward contracts, risk management ER -