@article {Bolliger8, author = {Guido Bolliger and Ivan Guidotti and Florent Pochon}, title = {Hedge Fund Investing in the Aftermath of theCrisis: Where Did the Money Go? }, volume = {14}, number = {2}, pages = {8--17}, year = {2011}, doi = {10.3905/jai.2011.14.2.008}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This article investigates the post-crisis preferences of hedge fund investors. The authors show that after the 2008 crisis, when money again started to flow into hedge funds, investors continued to chase the past best performers. In that sense, post-crisis money flows were not smarter than precrisis ones. They also find evidence, albeit mixed, that investors sought liquidity, as inflows mainly went into the most liquid funds and strategies. Finally, for single hedge funds, domicile was also a relevant criterion for allocation, with European Union{\textendash}domiciled funds being the most favored. The authors also find that fee structure had a weak impact on allocation decisions.TOPICS: Real assets/alternative investments/private equity, financial crises and financial market history, developed, portfolio construction}, issn = {1520-3255}, URL = {https://jai.pm-research.com/content/14/2/8}, eprint = {https://jai.pm-research.com/content/14/2/8.full.pdf}, journal = {The Journal of Alternative Investments} }