There s a buzzword that has quickly captured the imagination of product providers and investors alike: "hedge fund replication". In the broadest sense, replicat

While there may be a consensus in the industry that hedge funds clones will bring better liquidity and lower fees, it is still debatable whether replication pro

Motivated by the surge in popularity of passive hedge fund investments, the present article discusses the concept of quot;alternative betaquot; and its implicat

As hedge fund replication based on factor models has encountered growing interest among professionals and academics, and despite the launch of numerous products

With average hedge fund performance steadily deteriorating and equity markets picking up again, interest in hedge fund return replication as a cheaper means of