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Hedge funds—An introduction

2005; Taylor & Francis; Volume: 34; Issue: 61 Linguagem: Inglês

10.1080/10293523.2005.11082468

2077-0227

Mike Ward, Chris Müller,

Complex Systems and Time Series Analysis

Extracted from text ... Hedge funds - An introduction Investment Analysts Journal - No. 61 2005 49 Hedge funds - An introduction 1. INTRODUCTION* Hedge funds have shown remarkable growth as an asset class over the past few years, with an estimated $1 trillion in assets under management in 2004, and this figure expected to double in the next five years (HFR Report, 2004). The term hedge fund has its roots in the idea that high net-worth investors are more interested in protecting themselves from downside risk (i.e. hedging) than the conventional theories of risk and return might suggest. Unlike traditional unit trusts, ..