Pick your target

funds of funds

For the vast majority of hedge fund investors, past performance still acts as the most important variable when assessing whether or not to invest in a particular hedge fund.

If hedge funds show consistent returns, we should, in theory, be able to invest in a manager with a good track record and assume that performance will be as impressive in the future.

However, GAM believes that past performance is no longer an accurate guide to future risk/return profiles at either strategy or manager level