Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JWM
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • LinkedIn
  • Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Wealth Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Wealth Management

The Journal of Wealth Management

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JWM
    • Editorial Board
    • Published Ahead of Print (PAP)
  • LinkedIn
  • Twitter
Article

Liquid Absolute Return Funds: An Alternative to Alternatives?

Joachim Klement
The Journal of Wealth Management Fall 2015, 18 (2) 35-46; DOI: https://doi.org/10.3905/jwm.2015.18.2.035
Joachim Klement
is the chief investment officer at Wellershoff & Partners Ltd. in Zurich, Switzerland.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: joachim.klement@wellershoff.ch
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The author presents the first comprehensive study of liquid absolute return funds (i.e., mutual funds that have absolute return targets and at least weekly liquidity) and shows that their higher liquidity compared with traditional hedge funds may be offset, in part, by fees that are generally substantially higher than those of traditional equity or hybrid funds. The author constructs the Liquid Absolute Return Indexes (LARI) as a benchmark against which the performance of individual liquid absolute return funds can be measured. Klement performs factor regressions of these indexes and fi nds that their factor exposures differ materially from those of hedge funds. In the article, he also analyzes the effect of adding liquid absolute return funds to a diversifi ed portfolio of stocks and bonds and investigates whether these instruments can be an alternative to traditional alternative investments, such as hedge funds.

  • © 2015 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Wealth Management: 18 (2)
The Journal of Wealth Management
Vol. 18, Issue 2
Fall 2015
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Wealth Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Liquid Absolute Return Funds: An Alternative to Alternatives?
(Your Name) has sent you a message from The Journal of Wealth Management
(Your Name) thought you would like to see the The Journal of Wealth Management web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Liquid Absolute Return Funds: An Alternative to Alternatives?
Joachim Klement
The Journal of Wealth Management Jul 2015, 18 (2) 35-46; DOI: 10.3905/jwm.2015.18.2.035

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Liquid Absolute Return Funds: An Alternative to Alternatives?
Joachim Klement
The Journal of Wealth Management Jul 2015, 18 (2) 35-46; DOI: 10.3905/jwm.2015.18.2.035
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • DATA AND METHODOLOGY
    • EXPLAINING LIQUID ABSOLUTE RETURN FUND RETURNS
    • LIQUID ABSOLUTE RETURN FUNDS IN A PORTFOLIO CONTEXT
    • CONCLUSIONS
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • The Cross-Section of Liquid Absolute Return Funds
  • Google Scholar

More in this TOC Section

  • Two Book Reviews
  • Editor’s Letter
  • Well-Being Advisers
Show more Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • LinkedIn
  • Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 1534-7524 | E-ISSN: 2374-1368

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy