The hedge-fund industry has grown rapidly over the past two decades, offering investors
unique investment opportunities that often reflect more complex risk exposures than those of …

This paper is the second of a two-part series that provides essential context for any serious
study of alternative risk premium (ARP) strategies. Practitioners uniformly emphasize the …

A feasible asset allocation framework for the post 2008 financial world Asset allocation has
long been a cornerstone of prudent investment management; however, traditional allocation …

Sophisticated institutional investors have a growing interest in factor investing, a disciplined
approach to portfolio management that is broadly meant to allow investors to harvest risk …

On the tracking and replication of hedge fund optimal investment portfolio strategies in
global The hedge fund represents a unique investment opportunity for the institutional and …

Hedge Fund Market Risk Exposures: A Survey | Cairn.info Cairn.info, Matières à réflexion
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This paper empirically investigates the risk and performance of three types of alternative
beta products over the January 2002 to September 2009 time period: funds of hedge funds …

Hedge fund replication is a means for allowing investors to achieve hedge fund-like returns,
which are usually only available to institutions. Hedge funds in total have over $3 trillion in …

The desire to replicate hedge fund returns is a natural response to the industry's rapid
growth from the early 2000s and its emergence as a $2 trillion “asset class.” After all, if the …

Without reservation, everything we believe about asset allocation and the perceived science
surrounding its application is not necessarily true. The corollary to this statement is that a …