RT Journal Article
SR Electronic
T1 Practical Applications of The Efficiency and Productivity of Hedge Fund Families
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 5
DO 10.3905/pa.6.2.282
VO 6
IS 2
A1 Greg N. Gregoriou
A1 Jason Moschella
YR 2018
UL https://pm-research.com/content/6/2/1.1.abstract
AB How have hedge funds evolved during the difficult post-2009 climate? In The Efficiency and Productivity of Hedge Fund Families, published in the Winter 2017 issue of The Journal of Wealth Management, authors Greg Gregoriou (State University of New York, Plattsburgh) and Jason Moschella (McGill University, Montreal) take a novel approach to the question of hedge fund health and sustainability, focusing on operational efficiency rather than performance. By analyzing data from Barclay Hedge on asset management, headcount, management fees, and more, the authors show that the largest hedge funds have become significantly more efficient during the 2010-2015 period, potentially as a result of increased AUM. This creates a strong argument in favor of lower fees for clients.TOPICS: Real assets/alternative investments/private equity, performance measurement, manager selection