Sources of Hedge Fund Risk and Return
in VBA Journaal door Drs. A.J. van Stijn RBA (l), Drs. M.J. Geene RBA (r)During the last couple of years, the hedge fund industry has experienced rapid growth. As a result of positive returns and strong inflows from both private and especially institutional investors, assets under management have reached an estimated USD 1.1 trillion (Tremont 2005). While this number is still relatively small compared to the overall size of financial markets, the presence of hedge funds is increasingly felt.