What IS a hedge fund?

What IS a hedge fund?

Mention the term “two and twenty” and some may think it’s a variation on the number of blackbirds baked in a pie.

But in this excellent article by John Cassidy appearing in the July 2, 2007 New Yorker, Cassidy describes the various fee schedules involved with hedge funds and explains how some funds work (and how they have performed over time). He also references Veryan Allen’s, Hedge Fund blog.

One single comment

  1. Karen Storin Linitz says:

    The Kat and Palaro paper referenced in the article (analyzing 1900 hedge funds) is available at SSRN: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=88110

%d bloggers like this: