| 06.12.2005 Other Voices: Implementation Risk - An important piece of the hedge fund risk puzzle |
| From Ron Surz: The financial press has recently reported favorably that some long-only managers have added short selling to their process. For example Chernoff [2005] identifies several traditional managers who are offering portfolios that are 130% long and 30% short, thereby maintaining a 100% net exposure. On its face this would appear to be a win-win: Net market exposure is unchanged, so risk i |
| Article source: http://www.opalesque.com/files/Surz1.doc - Opalesque is not responsible for the content of external internet sites |