Investment column: The three main types of hedge funds
Understanding the three main types of hedge funds and where pension funds should invest
- February 1, 2015 September 13, 2019
- 07:00
Understanding the three main types of hedge funds and where pension funds should invest
Investors have become obsessed with the quest for alpha. It’s the metric that dictates manager hiring, compensation and dismissal. However, alpha is not a regularly observable or stable phenomenon, and it’s not necessarily earned in the period in which it’s measured.