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Article: New Hedge Fund Classifications Would Promote Transparency and Boost Investor Confidence, According to Bank of New York Mellon Study.
- Article from:
- PR Newswire
- Article date:
- October 22, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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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Report spotlights common myths regarding hedge fund volatility, alpha- generation and risk
NEW YORK, Oct. 22 /PRNewswire-FirstCall/ -- The convergence between hedge fund and equity market returns, combined with inconsistencies in hedge fund classification, could cause widespread confusion on how such funds should be used to diversify investment portfolios and result in unrealistic return expectations for investors, according to a study conducted by The Bank of New York Mellon and independent research firm Oxford Metrica.
The report, entitled Rethinking performance in the hedge fund industry, recommends that hedge funds be classified using cluster ...