RT Journal Article
SR Electronic
T1 Putting Hedge Funds in Their Place
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 82
OP 87
DO 10.3905/jwm.2003.320467
VO 5
IS 4
A1 Anne Shumadine
YR 2003
UL https://pm-research.com/content/5/4/82.abstract
AB Alternative investments, and hedge funds in particular, have received an increasing amount of attention as current market conditions have caused investors to seek opportunities outside of the traditional equity and fixed income universe. This article acknowledges that while hedge funds are appropriate investments for many investors, they defy clear definition and should be considered in the context of a diversified investment portfolio. Great care should be taken to determine the nature of the investment, the strategy(ies) employed, the associated risks, and the effects on portfolio performance, tax liability, volatility, and liquidity.