Category

Alternatively - Alternatives

Company

Jana / nabInvest

Research Paper

Hedge fund returns have outperformed balanced fund portfolio returns over time. However, investors have been disappointed with hedge funds’ performance in 2008/09, exacerbated by high fees, lack of control of assets, in the extreme, incidents of outright fraud. This research paper argues that the price dislocations still present in the market combined with a flexible approach to investing, mean the prospect for hedge fund returns has never been better. However, there are lessons to be taken from the experience of 2008 and resolving the structural flaws of hedge funds will be one important step forward in the chase for higher, more stable returns.

Presentation

Michael O’Dea, Principal, Alternative Investment Solutions, JANA Investment Advisers