Unlike many hedge fund strategies, says a new white paper, event-investing requires expertise in a variety of disciplines.

Mutual funds with a high "active share" are once again found to produce higher and more persistent returns - the two basic constituents of alpha. So why is closet indexing as popular as ever? And what does this portend for hedge funds?

It's easy to see why investors find insider trading morally objectionable. But if market prices are a critical form of information transmission, then does "some" insider trading actually help society? And if it does, then what kinds of insider trading?

In a paper last spring, Wharton Professor Christopher Geczy reviewed the research and concluded the hedge fund industry does indeed have a future - a future that just may not look much like its past or present.

While many hedge funds are happy to be single, more and more are now part of growing "families" of hedge funds. One researcher has just examined the behaviour and customs of these families. What she finds may surprise you.

Last week, hedge fund heavyweight Harbinger Capital raised assets, not from investors in the usual way, but by issuing bonds. Coincidentally, a research paper published only a couple of weeks before suggests we may see a lot more of this type of thing in the future.

By: Mikhail Iliev, head writer of Who’s In My Fund? Back in January, AAA asked whether the significant increase in proposed Securities and Exchange Commission examinations heralds a new era for hedge fund oversight. The question looks to be answered soon and most likely in the affirmative – at least in the context of insider trading. Headlines of [...]

As always, the key point in commodity investing: it doesn't have to be directional to be lucrative.

For mid-sized hedge fund managers to attract and keep institutional money, they need to have the infrastructure to handle it. Problem is, in many cases, they need the allocation first before they can - or want to - increase their infrastructure.

Retail and high net worth investors can now gain access to hedge funds through a number of more liquid vehicles. But is their liquidity one of the very reasons their performance may be lower?

How much of the blame for increasing hedge fund correlations should be borne by manager "herding" and how much by increasing correlation between indices? Asian hedge funds may provide an answer.

Despite an increased focus on attracting "stickier" institutional assets and more interest from investors in hedge funds, marketers are still having somewhat of a tough go "movin' on up" in Hedgistan.

A survey of pension funds and endowments by Deutsche Bank indicates that investors see themselves as having two options to dig themselves out of their current hole: aim for higher returns by dumping equities overboard, or waiting around for interest rates to take care of their liabilities.

The search for alpha is much like the search for oil, prompting us to muse a few years ago about whether there was going to be a Hubbert’s Peak in alpha. But regardless of whether the world is running out of “cheap alpha,” the process of refining crude returns into something that can power [...]

It's hard to say whether results form the 2010 Ernst & Young / Greenwich Associates survey are positive, neutral or negative. Either way, it seems both investors and managers are going to be wearing their helmets for the near future.