The number of mutual funds attempting to replicate hedge fund strategies has risen dramatically, with 80% of today's long-short funds launched in just the past few years. The funds have come from both mutual fund firms branching into a new area and hedge fund managers making their strategies available in mutual fund formats.
Investors have responded: in 2009 long-short mutual funds and saw more than $10 billion in net inflows, double their previous annual high, in 2006, according to investment researcher Morningstar Inc.
A move of hedge fund-style strategies into mutual funds could be a win for all concerned: investors could see steadier returns while traditional hedge fund firms open their doors to more clients. For mutual fund firms, these funds can be a way to attract new money in choppy markets and also keep investors from fleeing during times of panic. But is this type of fund right for you? A hedge fund-style strategy should in theory deliver returns independent of the stock market -- a fact that appeals to many investors still smarting from the market's meltdown in 2008 and early 2009.
Indeed, hedge funds seem to have weathered that storm much better than mutual funds. Data from Hedge Fund Research Inc. show that the HFRI Fund Weighted Composite Index fell 19% in 2008, versus a loss of more than 40% for the average stock mutual fund.
Se vi interessa avvicinarvi al mondo degli hedge funds ma siete impreparati potete iniziare leggendo la voce hedge fund su Wikipedia. Richard Wilson ha un blog interamente dedicato all'industria degli hedge funds.
Gli indici più famosi di hedge funds sono mantenuti da HFRX e li trovate qui. Infine se volete provare a clonare le strategie degli hedge funds più popolari potete provare a seguire quanto suggerito da alphaclone.
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interssante il blog di Richard Wilson...
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