Hedge fund indices: The best way to gain exposure to hedge fund strategies' betas?

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As we have seen in previous Edhec articles, investing in single hedge funds is reserved for sophisticated investors. A solution for traditional investors to make up for their lack of experience in the alternative arena is to invest in standard solutions.

However, the flip side of such investment vehicles is that investors have to forego controlling the whole investment process. This results in a loss of flexibility and in turn in a decrease in the diversification potential. A solution that allows

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