Conclusion
Hedge funds are therefore not suitable for investors because they effectively underperform other hedge funds. This fact that there are tighter constraints, stricter regulations as well as lower incentives should deter retail investors from investing in hedge funds. The disadvantages and risks associated with hedge funds makes them unsuitable investment vehicles for retail investors.
References
Agarwal, V., Nicole M. Boyson.,NM and Naik, N (2007)Hedge funds for retail investors -- An examination of hedged mutual funds
C o n n o r, Gre g o ry and Mason Wo o (2003), "An Introduction to Hedge Funds," working p a p e r, Financial Markets Group,...
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