FM round-up: ...or hedge fund indices?
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FM round-up: ...or hedge fund indices?

Are hedge fund databases trustworthy...

According to Barclays Capital’s Tim Bond, hedge fund indices cannot be trusted either. His Equity Gilt Study estimates an exaggeration of returns by between 1% and 6%. He says that “there are risks of being misled by the biases inherent in the index construction”.

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