TY - JOUR T1 - Implementation of Hedge Fund Strategies JF - Special Issues SP - 74 LP - 80 VL - 2002 IS - 1 AU - Ananth N Madhavan Y1 - 2002/09/21 UR - https://pm-research.com/content/2002/1/74.abstract N2 - Hedge funds expend considerable time and energy in developing investment strategies to generate alpha. The implementation of these ideas, however, is also of critical importance. Transaction costs can substantially reduce and perhaps even eliminate the paper returns to a particular strategy. High turnover and aggressive trading on short-lived information accentuate these problems for hedge funds. This article discusses the essential elements of implementing hedge fund strategies, focusing on all aspects of the investment cycle. ER -