RT Journal Article
SR Electronic
T1 Hedge Funds, Asset Allocation, and Investable Benchmarks
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 64
OP 67
DO 10.3905/jwm.2003.320476
VO 6
IS 1
A1 Majed R. Muhtaseb
YR 2003
UL https://pm-research.com/content/6/1/64.abstract
AB The author starts by observing that new attempts to create an investable hedge funds index are several. Yet, in this article, he shows that, in spite of these serious efforts, the hedge funds universe lacks the elements necessary to construct an investable index that can be used as a passive hedge fund investment vehicle. He concludes that hedge funds do not meet the tests for an asset class and do not fit into any of the classifications of asset classes proposed by Greer [1997].