TY - JOUR T1 - Large versus Small Hedge Funds JF - The Journal of Alternative Investments SP - 75 LP - 77 DO - 10.3905/jai.2002.319064 VL - 5 IS - 3 AU - Greg N. Gregoriou AU - Fabrice Rouah Y1 - 2002/12/31 UR - https://pm-research.com/content/5/3/75.abstract N2 - The authors examine the returns of hedge funds and funds of hedge funds from 1994 to 1999 to determine whether the size of a fund affects its performance. Previous studies investigating this relationship for mutual funds have yielded mixed conclusions. Among academics, fund size is frequently cited as a deterrent to performance enhancement, especially when a substantial amount of cash is continually injected into the fund. The results of this study suggest that the size of a hedge fund or a fund of hedge funds has no impact on its performance. ER -