http://allaboutalpha.com/blog/2008/04/22/pensions-warned-on-hedge-funds-as-they-lose-billions-on-long-only-funds/ A finance blog about hedge funds, portable alpha and alternative investing. Mon, 13 Feb 2012 11:26:54 +0000 http://wordpress.org/?v=abc hourly 1 http://allaboutalpha.com/blog/2008/04/22/pensions-warned-on-hedge-funds-as-they-lose-billions-on-long-only-funds/comment-page-1/#comment-119437 3 a Tue, 24 Jun 2008 21:42:51 +0000 http://allaboutalpha.com/blog/2008/04/22/pensions-warned-on-hedge-funds-as-they-lose-billions-on-long-only-funds/#comment-119437 There is truth in both statements and reality is probably somewhere in the middle. Pension funds should not only invest long only but also be very cautious when investing in hedge funds which have limited or no disclosure. Just like investing in long only equities, investing your money in a hedge fund, fund of fund, or having it invested by a third party; you need to do your research, know what you are buying and subsequently take the investment decision. So whether you invest in an oil company, or XYZ hedge fund, or ABC fund of fund or have your investments done by Fidelity => who is behind the company / fund?, what's their strategy?, have they executed well in the past?, is the buying price / fee justifiable?, do you have shared interests with the management / managers? There is truth in both statements and reality is probably somewhere in the middle. Pension funds should not only invest long only but also be very cautious when investing in hedge funds which have limited or no disclosure. Just like investing in long only equities, investing your money in a hedge fund, fund of fund, or having it invested by a third party; you need to do your research, know what you are buying and subsequently take the investment decision. So whether you invest in an oil company, or XYZ hedge fund, or ABC fund of fund or have your investments done by Fidelity => who is behind the company / fund?, what’s their strategy?, have they executed well in the past?, is the buying price / fee justifiable?, do you have shared interests with the management / managers?

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