Making hedge funds work for institutions

Document description

This paper looks at institutional use of hedge funds and examines the issues that surround the use of hedge funds. We then go on to investigate whether these issues may or may not be overcome. In particular, it covers: 1. What do we mean by "hedge fund"? What are the different types of hedge funds and the main investment techniques they use? 2. Why allocate to hedge funds: hedge funds represent a subset of active management,­ are they any better than traditional active techniques? Should an institution allocate to hedge funds? 3. Fear Factors: What factors prevent more widespread use? 4. Modeling with Hedge Funds