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In the most recent period, relative-value hedge funds have reported an averag eperformance of
1.0%, but with extreme dispersion across managers (top-20% managers: +14% bottom - 20%
managers:-12%). In this context, which of the following will most likely pay the highest overall
performance fee:
1. A relative-value FoF.
2. A relative-value multistrategy hedge fund.
3. A portfolio of single-manager relative-value hedge funds.

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In the most recent period- relative-value hedge funds have reported an.pdf

  • 1. In the most recent period, relative-value hedge funds have reported an averag eperformance of 1.0%, but with extreme dispersion across managers (top-20% managers: +14% bottom - 20% managers:-12%). In this context, which of the following will most likely pay the highest overall performance fee: 1. A relative-value FoF. 2. A relative-value multistrategy hedge fund. 3. A portfolio of single-manager relative-value hedge funds.