The latest version of a yearly analysis tells the same old story about performance, now backed up by fifteen years of data. And the potential rewards of investing with smaller funds go beyond what you see in the database statistics.

International Monetary Fund research shows that speculation does not influence the commodities markets.

What happens when a hedge fund gets a windfall of new investment dollars?

Corporate CEOs aren't the only ones who dread the appearance of activist hedge fund managers on their radar screens. Activists are giving the accounting departments pause as well, according to a new paper by Hall and Trombley.

A paper published by he European Central Bank this month argues that purely-financial investors do indeed "destabilize" oil prices by indiscriminately allocating capital to oil futures.

Some new research shows that it may be possible to mathematically determine a bubble before it forms, let alone pops.

A recent study suggests to at least one mass media outlet that hedge funds should mind their own business and not by nosy about other hedge funds' trades. But a closer reading of the study suggests to us that it's extremely difficult to measure the vast array of social interactions in Hedgistan.

A study of 125 U.S. state pension plans reveals that management incentives, misguided accounting standards and conflicting interests could perpetuate a funding gap roller coaster.

Brazil's "multimercado" funds are often described as a form of well-regulated hedge funds. But new research suggests that may be stretching the truth just a little.

Currency markets basically follow a random walk. But according to a new study, the returns from currency hedge funds are anything but random.

A new study of stocks with high hedge fund ownership claims that something fishy is going on at the end of every month.

Thought managers in "inefficient markets" like emerging markets or small cap equities had the advantage when it comes to alpha-generation? Maybe not...

Do hedge funds really care about being the "best"?

One of the world's largest institutional investors in private equity funds recently invited academics to study it's decades' worth of secret fund data. What those researchers found might surprise you.

Maybe it's about time we dispense with the antiquated notion that "hedge fund replication" is all about actually "replicating" anything.

The ubiquitous Sharpe ratio ignores those pesky "higher moments." But evidently, that's not all it lacks.

Thought commodities were going to be man's best friend when inflation strikes? You might want to read this...

A transnational study of mutual funds sheds light on one of the secrets of hedge funds' overall success.

If only you could just ask a hedge fund manager if he was cooking the books...

It might be true that rotating among individual managers is an important source of returns for funds of funds. But research suggests you shouldn't give up on strategy-diversification just yet.

Like having snow tires, hedge fund risk modeling can better predict how a vehicle will perform in terrible weather.

Yes. You read it right. Regulations that could actually lead to more alpha? Hey, it can happen.

Mutual funds with a high "active share" are once again found to produce higher and more persistent returns - the two basic constituents of alpha. So why is closet indexing as popular as ever? And what does this portend for hedge funds?

While many hedge funds are happy to be single, more and more are now part of growing "families" of hedge funds. One researcher has just examined the behaviour and customs of these families. What she finds may surprise you.

Last week, hedge fund heavyweight Harbinger Capital raised assets, not from investors in the usual way, but by issuing bonds. Coincidentally, a research paper published only a couple of weeks before suggests we may see a lot more of this type of thing in the future.

If you are a merger arbitrage manager you probably already know this...

A new academic paper suggests alpha does exist after all - just not in the form or format that many investors think.

What exactly are "absolute returns" anyway? Ask 10 different investors and you'll probably get 10 different answers.

A study based on newly available pension fund data suggests that there are significant economies of scale in pension fund management. But a recent study based on the same data seemed to conclude the opposite.

A new academic paper puts more blame on hedge funds for the 2008 credit crisis and market collapse, arguing that liquidity risk in stocks is inherently higher among securities held by hedge funds than in securities held in the portfolios of individual investors and banks.