Subhash, Sujit; Enke, David - In: Financial innovation : FIN 5 (2019) 11, pp. 1-19
transparency, and lockup periods typically associated with hedge funds. Hedge fund replication products, or clones, seek to answer … these challenges by providing daily liquidity, transparency, and immediate exposure to a desired hedge fund strategy … offer lower risk-reward performance compared to hedge funds. This research explores hedge fund replication further by …