The alpha lies in the details


Over the last year, Absolute Return has examined declining hedge fund performance from a number of angles. We've considered whether it is just temporary, or a permanent fixture of the new hedge fund landscape. We've looked at whether it is being driven by an excessive fear of taking risk. Finally, we've explored various methods for boosting returns - all the way from cutting costs to developing expensive expertise in esoteric and illiquid assets.

Certainly there are no easy or universal answers to the performance question. Instead, the battle to deliver alpha will take different forms at different funds,