Hedge funds offer uncorrelated returns

Offering greater flexibility than traditional vehicles, hedge funds are tailored to individual needs, thereby improving overall returns and decreasing risk

This week's Conjecture focuses on hedge funds. Taking part in the debate were Jamie Murray, head of business development and distribution at HSBC Alternative Assets, David Yarrow, a founding director at Clareville Capital, and Catherine Vaughn, vice president and head of European business development at Highbridge Capital Management, which in 2004 entered into a strategic partnership with JPMorgan Chase. What do you believe are the broad benefits of hedge funds? Catherine Vaughn (CV): Hedge funds are most widely recognised for the fact they may provide an uncorrelated source of returns ...