Here is a surprise. Hedge fund replication strategies, widely written off as a flawed experiment in financial alchemy when they first appeared on the scene a few years ago, have performed fairly well of late.
A recent analysis of replication funds shows they returned an average of 4.82% annually from April 2009 to July 2012 compared with 7.74% for the HFRI Fund Weighted Composite Index (HFRI HF index).
Although returns trailed the industry benchmark, replication strategies exhibited lower volati
The week on Risk.net, December 2–8, 2017Receive this by email