To get a window on the world of academic debate, a good starting point is to turn to the working papers on hedge funds listed on the website of the Social Science Research Network.
A recent visit revealed that, among roughly 60 citations, there was a great disparity in the representation of different categories of academic research throughout the body of work. For example, 20 papers were focused on issues concerning the performance of hedge funds. Risk analysis and hedge fund styles/strategies were the next most researched categories, with each boasting 10 papers.
Surprisingly, current hot topics, such as