How can investors assess performance and monitor risk within their underlying hedge fund investments?
When investors started demanding greater transparency, managers responded with risk reports, which usually comprises a month-end snapshot of a manager’s exposures and a synopsis of return drivers. How can investors assess a manager’s skill with just these data points?
In this paper, we look at the valuable data hidden within monthly-risk reports provided to investors and discover how to assess the manager’s performance.
What's in the report?
- the essential data investors can take from risk-reports
- How Style Drift Affects Fund Performance
- how to look for security selection