Should you, would you, could you invest in hedge funds?
Hedge funds have become the darling of investors due to their presumed capacity to make money under all market conditions. Some are certainly worth investing in, and can augment a portfolio in very attractive ways. At the same time, they carry not only more but quite different risks than do portfolios of liquid securities. If you do not have the skills to evaluate these risks, don’t invest. Using an agent in the form of a fund of funds advisor instead of investing directly has a lot of advantages, but not that of reducing the skill required. If you can not evaluate the fund-of-funds manager, do not invest.
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Volume (Year): 10 (2004)
Issue (Month): ()
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