At the end of 2006, Goldman Sachs announced that they will be offering an index able to clone hedge funds returns synthetically. The index responds to the appealing name of ART (Absolute Return Tracker) and would replicate hedge funds performance at a much lower cost, just a 1 per cent flat fee. Anyone that buys it can expect to get the returns of the universe of hedge funds that it clones. The flat fee would undoubtedly attract many investors if we consider fees charged in the hedge fund industry. Some fees in the US can go up to 2 % of annual management fees and the corresponding performance fees can reach 20 % of returns. Goldman


Hedge Fund Blog Man 13 Febrero 2009 - 19:49

Anyone expecting to get hedge fund like returns will likely be dissapointed by any cloning strategies. Successful managers constantly shift tactics and strategies when other stop functioning.

Hedge Fund Blog Man

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