Faculty News | MarketWatch | 17
Why I won't invest in hedge funds
Re: Gwen Yu
Professor Ilia Dichev at Emory University and Gwen Yu at Harvard Business School studied investors' returns for nearly 11,000 hedge funds over 28 years, from 1980 to 2008. Their main finding: Actual "dollar-weighted returns" — in other words, what investors really earned — were far lower than previously thought.