As a result of the complex trading strategies they implement, and the full flexibility they have
with respect to their ability to use derivatives and trade in illiquid markets, hedge fund …

In spite of a somewhat disappointing performance throughout the crisis, investors are showing
interest in hedge funds. Still, funds of hedge funds keep on experiencing outflows. Can …

In recent months, concerns have been raised about the profitability prospects for hedge funds.
This article argues that market participants' pessimistic view of the hedge fund industry's …

Given the increasing importance of funds of hedge funds in the development of the hedge
fund industry and the cost-intensive nature of multi-manager structures, investors are …

In the hedge fund universe, where it is frequently said that performance is extracted from
managers, reflecting active asset management, the implementation of hedge fund indices may …

Following a growing concern among investors about the quality of hedge fund index return
data, this paper addresses the question of whether designing hedge fund indices that fulfil …

Background Nearly 6 million deaths and over a half trillion dollars in healthcare costs
worldwide are attributed to tobacco smoking each year. Extensive research efforts have been …

… Mathieu Vaissié is a Research Engineer at EDHEC Risk and Asset Management Research
Center and a PhD candidate in Finance at University Paris 9 Dauphine. He specializes in …

Despite institutional investors’ growing interest in funds of hedge funds, little attention has
been paid so far to their added value and/or the sources of their added value. This is all the …

The dollar-cost averaging (DCA) strategy is an enigma. Proven suboptimal from a risk-adjusted
performance time and again since the late 1970s, it is nevertheless more popular today …