Contribution of Asset Allocation Policy to Performance – by Drobetz and Kohler. There is no single answer to the question of what percentage of fund performance can be attributed to asset allocation. Nearly 100 U.S. mutual funds and nearly 60 pension funds were examined in this analysis.
Analysis of Hedge Fund Indices – by EDHEC Risk and Asset Management Research Centre. Provides a detailed presentation of the different hedge fund indices in order to highlight their strengths and weaknesses.
Hedge Fund Research by David Hsieh, Duke University, Fuqua School of Business. Various reports and data are available here.
Hedge Fund Mystique – Making money with an investment that goes against the flow by Phyllis J. Bernstein. A dated article that describes the concepts in terms of how CPA’s should look at them.
The Hedge Fund Matrix – A resource that provides relevant and insightful information for hedge fund practitioners, investors and the regulatory community, and to all those servicing and providing professional advice to the hedge fund industry. Industry groups designed the Matrix to foster harmonization between existing sound practices guidance.
A Primer on Hedge Funds – Published in 1999 by a David Hsieh at Duke’s Fuqua School, there is timeless information here. Discusses how hedge funds are organized and the difference from mutual funds. Also includes a statistical analysis among hedge fund styles and risk factors.
Reality Check on Hedge Fund Returns – A somewhat dated analysis of the backfill or instant-history bias that appears when hedge funds with good track records decide to report data. Results of this report by Nolke Posthumay and Pieter Jelle van der Sluisz show performance numbers of hedge funds are upward biased.
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