Should you, would you, could you invest in hedge funds?

George Feiger () and Pascal Botteron
Additional contact information
George Feiger: Contango Capital Advisors, Postal: 3659 Washington Street, San Francisco, CA 94118, United States of America, http://www.contangoadvisors.com/
Pascal Botteron: Pictet, Postal: Switzerland, http://www.pictet.com/

Journal of Financial Transformation, 2004, vol. 10, 57-65

Abstract: Hedge funds have become the darling of investors due to their presumed capacity to make money under all market conditions. Some are certainly worth investing in, and can augment a portfolio in very attractive ways. At the same time, they carry not only more but quite different risks than do portfolios of liquid securities. If you do not have the skills to evaluate these risks, don’t invest. Using an agent in the form of a fund of funds advisor instead of investing directly has a lot of advantages, but not that of reducing the skill required. If you can not evaluate the fund-of-funds manager, do not invest.

Keywords: Hedge funds; investments in hedge funds; funds-of-funds (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:1345

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