헤지펀드의 개념과 전략에 관한 이론적 연구

A Theoretical Study on the Concept and Strategy of Hedge Fund

A hedge fund is a fund that seeks an absolute return no matter what the market situation is like. Its major strategies include long-short equity strategy, market neutral strategy, event-driven strategy, global macro strategy, and emerging market strategy. Before investing in a hedge fund, investor must carefully conduct a quantitative and a qualitative investigation about the hedge fund's strategies, portfolio, returns and risks, and the past performances of the managers as well as have an expert perform a due diligence. After investing, the investor must continually monitor the fund's investments, strategies and the fund manager.