Sunday, 1 April 2012

Hedge Fund Performance Is Not Always Easy To Determine

By Jeremy Winters


A hedge fund usually takes the form of a wide variety of investments and trading activities compared with other funds. However, it is only open to a specific class of investor as specified by regulations. Often, institutions such as college foundations and endowments, pension funds, or individuals with a high net worth are able to invest in hedge funds. Hedge fund performance is assessed by comparing the actual rate of return on investment versus estimated risk.

Though the cash invested is utilized in buying and selling a variety of assets, public markets or liquid securities are mainly traded through these types of funds. Hedge funds employ a variety of investment methods and techniques as a way to optimize the rate of return on investment. Leveraging and short selling are frequently employed approaches to make quick profits from volatile movements in markets. Due to the complexity involved with investment methods plus the risk associated with these investments, measuring hedge fund performance just isn't very easy. Instead, it's a fairly difficult process to evaluate their overall performance.

An additional challenge in determining performance is that these types of funds are open ended which suggests that individuals can take out or invest cash at specified regular times. The exact value of an investor's money inside a specific hedge fund is calculated as a share of the net asset value of the fund. This means any kind of decrease and increase in the asset value of the fund as well as any fund costs are shown in the amount which an investor can take out later on.

The actual investment approaches of hedge funds are targeted at obtaining positive returns regardless of whether the market is falling or rising. The best part of these funds is the managers of the fund invest their own personal money in the fund. An investment manager is given a performance fee that is a percentage of the fund assets. Considering that the pay rate of fund managers is actually primarily based on performance and their own personal money is at risk, they make every attempt to optimize the rate of return in an effort to obtain a maximum return on their own personal investments as well as a maximum performance fee.

Since hedge funds aren't open to the general public, the rules and regulations overseeing these funds vary significantly. There are minimum constraints regarding the management and investment of money. In the same manner, issues such as how funds can be structured, and the way tactics and strategies may be applied are lenient.

The minimum rules governing the funds plus the possibility of a greater rate of return make hedge funds a popular choice with quite a few investors. Individuals who are ready to accept risk to be able to experience higher returns often put their money in these particular funds. Hedge fund performance isn't guaranteed, but nevertheless investing in these funds promises a lot better returns with a lower amount of risk as a consequence of professional management.




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