Hedge funds negotiate the fewest side letters with corporate pensions and non-profit institutions, according to law firm Seward & Kissel.
A long track record doesn’t necessarily guarantee good performance, according to research.
Managers are increasingly offering hurdle rates, sliding fees, “clawbacks,” and discounts, according to an AIMA survey.
Family offices join other institutional investors in retreating from the much-maligned investment vehicle.
Two specific strengths are necessary for success in trading, according to University of Zurich and Yale researchers.
Peer comparisons and misaligned incentives cause asset managers to follow the herd even to the detriment of asset owners, according to the Bank of England’s Thomas Belsham.
Hedge fund managers’ news consumption can translate to trading volumes and return dynamics, according to a Harvard University study.
Success in unlisted markets is a key indicator of a CIO’s skill, researchers claim.
“Stringent” governance is necessary to succeed in the opaque asset class, researchers argue.
Large, diversified asset managers often underperform their smaller, more focused rivals, research shows.