Cloning Hedge Funds with ETFs
April 4, 2014 - Mutual/Hedge Funds
Does the expanding set of exchange-traded funds (ETF) support reliable replication (cloning) of future hedge fund returns? In their March 2014 paper entitled “In Search of Missing Risk Factors: Hedge Fund Return Replication with ETFs”, Jun Duanmu, Yongjia Li and Alexey Malakhov investigate the use of ETFs as factors in constructing hedge fund clones. They… Keep Reading