Hedge Funds : Risk and Return

@inproceedings{Malkiel2004HedgeF,
  title={Hedge Funds : Risk and Return},
  author={Burton G. Malkiel},
  year={2004}
}
ince the early 1990s, hedge funds have become an increasingly popular asset class. The amount invested globally in hedge funds rose from approximately $50 billion in 1990 to approximately $1 trillion by the end of 2004.1 And because these funds characteristically use substantial leverage, they play a far more important role in the global securities markets than the size of their net assets indicates. Market makers on the floor of the NYSE have estimated that during 2004, trades by hedge funds… CONTINUE READING
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