Unveiling the Hidden Risks of Hedge Funds: A Definitive Guide.
The article covers the basics of hedge funds, including their definitions, functions, and characteristics. It discusses common misconceptions about hedge funds and how to analyze them, focusing on financial risk, returns, and leverage. The researchers also explore the role of randomness in hedge fund performance and how to identify skilled managers. They provide a real-world case study and offer insights on portfolio allocation. The conclusion ties everything together, with appendices on hedge funds, risk diversification, and more.