RT Journal Article
SR Electronic
T1 On the Role of Hedge Funds in Institutional Portfolios
JF The Journal of Alternative Investments
FD Institutional Investor Journals
SP 77
OP 89
DO 10.3905/jai.2004.391065
VO 6
IS 4
A1 Hilary Till
YR 2004
UL https://pm-research.com/content/6/4/77.abstract
AB Hedge funds do not easily fit into the current way institutions go about investing. Based on a survey of recent academic and practitioner research, the author reviews six competing frameworks for how to incorporate hedge funds in institutional portfolios. Each framework has very different implications for institutional asset allocation, manager selection, and benchmarking.