Behavioral Analysis: Seeing What Is Left Unsaid
June 2016
This paper provides an in-depth overview of how behavioral analysis can serve as a meaningful supplement to the hedge fund due diligence process, potentially exposing key insights about hedge fund managers that might ordinarily remain hidden.
Special Situations Funds: A Private Party Worth Crashing
September 2015
This paper outlines how special situations funds, which generally consist of illiquid investment opportunities too large for flagship funds, offer investors an attractive way to diversify, balance, or fortify a portfolio.
Rampant Rates & Hedge Fund Hype: Considering Hedge Funds as Fixed Income Replacements
January 2014
This paper looks at the state of interest rates and offers some key considerations for investors weighing the utilization of hedge funds as a substitute for fixed income allocations.
Quantifying the Qualitative: The Application of Decision Science in Hedge Fund Allocation Decisions
Updated January 2013
This paper provides an in-depth overview of how behavioral analysis can serve as a meaningful supplement to the hedge fund due diligence process, potentially exposing key insights about hedge fund managers that might ordinarily remain hidden.
The Hedge Fund Genome Project: Decoding Hedge Fund Replication Products
November 2012
This paper evaluates the principles of hedge fund replication, explores three notable methods (factor-based, rules-based, and payoff distribution), and discusses important considerations for institutional investors.
The Great Divide: Bridging Hedge Funds and Traditional Allocation Theory
September 2011
This paper weighs the merits of considering hedge funds’ underlying asset class exposures in portfolio construction as opposed to classifying hedge funds as a standalone asset class.
When the Tide Goes Out: Liquidity Hazards that Exist in Funds of Hedge Funds
June 2008
This paper reviews the risks posed to institutional investors due to the inherent liquidity mismatch between hedge funds and funds of hedge funds.
ERISA Perspective: Combining ERISA & Non-ERISA Assets in a Fund of Hedge Funds Structure
June 2007
This paper presents the ERISA issues fiduciaries should evaluate when investing in a fund of hedge funds that commingles ERISA and Non-ERISA capital.
Relevant ERISA Issues for Hedge Funds, Fund of Hedge Funds and STEP 1
August 2006
This paper summarizes the three most critical aspects of ERISA regulation for hedge funds and funds of funds; the “25% threshold,” fiduciary standards, and QPAM classification.
