Below are several academic articles that document the various challenges of investing in alternatives. We use the insights presented in these articles to guide our investment approach.
1. ‘Hedge Fund Benchmarks: A Risk Based Approach‘ by William Fung & David A. Hsieh
2. ‘Hedge Funds: Attrition, Biases and the Survivor Premium‘ by Robert J. Bianchi and Michael E. Drew
3. ‘The Cost of Capital for Alternative Investments‘ by Jakub W. Jurek and Erik Stafford
4. ‘Fees Eat Diversification’s Lunch’by William W. Jennings and Brian C. Payne