Skip to main content

Main menu

  • Home
  • Past Guides
  • About the Guides
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • LinkedIn
  • Twitter

User menu

  • Sample our Content
  • Subscribe Now
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
PMR Guides
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Subscribe Now
  • Log in
PMR Guides

PMR Guides

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Past Guides
  • About the Guides
  • LinkedIn
  • Twitter
Primary Article

The Role of Hedge Funds in a World of Lower Returns

Robert D. Arnott
Special Issues Fall 2002, 2002 (1) 28-36
Robert D. Arnott
Chairman of First Quadrant, LP, and chairman of Research Affiliates, LLC in Pasadena, CA.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: rarnott@firstquadrant.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Abstract

From current valuation levels, it is implausible that stock or bond investors can see long term returns above about 3% to 4%. Indeed, if there is any “reversion to the mean,” returns could be a good deal worse. However, in any market environment, there are interesting ways to make money. TIPS, timber, absolute return strategies, arbitrage strategies, and several categories of hedge funds may produce far better returns than stocks or bonds. If all investors seek these opportunities, the opportunities will vanish. But, for the select few who are prepared to venture away from the crowd, there are (and always will be) opportunities for solid profits. This is the role that many hedge funds may serve in the years ahead.

  • © 2002 Pageant Media Ltd

Don’t have access? Register today to begin unrestricted access to our database of research.

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monhtly highlights
  • Special collections

In this issue

Special Issues: 2002 (1)
Hedge Fund Strategies: A Global Outlook
Vol. 2002, Issue 1
Fall 2002
  • Table of Contents
  • Index by author
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on PMR Guides.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
The Role of Hedge Funds in a World of Lower Returns
(Your Name) has sent you a message from PMR Guides
(Your Name) thought you would like to see the PMR Guides web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
The Role of Hedge Funds in a World of Lower Returns
Robert D. Arnott
Special Issues Sep 2002, 2002 (1) 28-36;

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
The Role of Hedge Funds in a World of Lower Returns
Robert D. Arnott
Special Issues Sep 2002, 2002 (1) 28-36;
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • Achieving Higher Alpha Using 130/30
  • Trading 130/30s in Volatile Markets
  • Debunking 130/30 Benchmarks
Show more Primary Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • LinkedIn
  • Twitter

MORE FROM PMR

  • Home
  • Awards
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies