Are hedge fund clones attractive financial products for investors?

Fredj Jawadi and Sabrina Khanniche

Applied Economics Letters, 2012, vol. 19, issue 8, 739-743

Abstract: The subprime crisis, which proved devastating for the hedge fund industry, induced significant losses for investors who ploughed into absolute return funds. In such a context, investigating the opacity surrounding the hedge fund industry and its prohibitive fee structure is of real interest as, within the context of the Madoff scandal, there is strong evidence of a reduction in investor confidence. On the other hand, investors are still looking for attractive returns. Hedge fund clones therefore appear to offer a promising solution as they seek to replicate hedge fund returns at lower fees and with more transparency and liquidity.

Date: 2012
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DOI: 10.1080/13504851.2011.599783

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