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Article: AIA Touts Absolute Return Strategy.
- Article from:
- Investment Management Weekly
- Article date:
- September 26, 2005
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the stock market seemingly stuck in a holding pattern and Hurricane Katrina's epic destruction of a major American city raising questions about the strength and even the whole future direction of the U.S. economy, investors understandably are giving more thought to hedging, but then as the Bayou scandal shows, hedge funds themselves can be problematic.
What's an investor interested in real portfolio diversification to do? Go for an absolute return strategy, asserts Jay Compson and Michael Hanus, principals at the Boston-based firm Absolute Investment Advisers (AIA).
The duo also contends that the firm's Absolute Strategies Fund, an open-end fund ...