The role of hedge funds for long-term investors

John Mulvey ()
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John Mulvey: Princeton University, Postal: Princeton, http://www.princeton.edu/~mulvey

Journal of Financial Transformation, 2004, vol. 10, 23-28

Abstract: Hedge funds have gained popularity for increasing investment returns. We focus on the role of this asset category for long-term investors, with attention to rebalancing a portfolio of diversified assets. An investor must seek out securities with low correlations to traditional assets to maximize asset growth. Current hedge fund returns, as measured by average performance, show dependencies with equity returns. Other limitations and opportunities for hedge funds are discussed.

Keywords: Hedge funds; returnd; hedge fund performance limitations (search for similar items in EconPapers)
JEL-codes: G11 G24 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1341

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