n Investment Analysts Journal - Hedge funds - an introduction
|Article Title||Hedge funds - an introduction|
|© Publisher:||Taylor & Francis|
|Journal||Investment Analysts Journal|
|Author||M. Ward and C. Muller|
|Publication Date||Jan 2005|
|Pages||49 - 54|
ISI Social Science
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, ..
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