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Article: Research Eyes Strong Performance Minus the Fees
- Article from:
- Daily News
- Article date:
- January 3, 2006
- Author:
CopyrightCopyright 2006 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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LONDON (HedgeWorld.com) - Funds of funds have become the punching
bag for many who are inclined to bash hedge funds in general. Often
it's the fees that draw the most criticism. Now some researchers are
telling investors how to reproduce top returns of funds of funds
without those irksome fees.
Harry M. Kat and Helder P. Palaro also believe their method could
help investors that must rely on funds of funds achieve a better way
to better evaluate their returns. They say most funds of hedge funds
have failed to add value, and investors could trade S&P 500,
Treasury bond and Eurodollar futures and produce similar returns.
Last year, Mr. Kat and City University Ph.D. student Mr. Palaro ...