Benchmarking changes in hedge fund transparency and understanding managed account structures provides institutional investors a very different look inside hedge funds
One in every four dollars, roughly $700 billion out of well over $2 trillion, is invested in hedge funds by public and private sector pension funds, a recent joint report from the Alternative Investment Management Association and the CAIA Association reveals. Over the past decade hedge funds have delivered $1.5 trillion after management fees are considered. But the point of a hedge fund is not entirely absolute returns, but protection of assets during large equity market “drawdowns,” the report noted, as it provided a roadmap for institutional investors to understand the role hedge funds play in an
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