Economics, Econometrics and Finance
4 years ago

Study reveals moving capital between strategies boosts hedge fund performance

The Journal of Alternative Investments
Are Funds of Funds Simply Multi-Strategy Managers with Extra Fees?
Girish Reddy, Peter J. Brady, Kartik Patel

Paper Summary

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The article compares multi-strategy hedge funds and funds of hedge funds to see if the extra fees of funds of funds are worth it. They found that choosing the right manager is more important than picking the right strategy for hedge funds. Being able to quickly move money between strategies can boost the performance of both types of funds. The study's results challenge recent research claiming that multi-strategy hedge funds perform better.