Money Buzz 07/03
Joining the hedge fund fray; helping your employees become homeowners
Opinions expressed by Entrepreneur contributors are their own.
Living on theHedge
In the current desert-like environment of poor returns, hedge fundsare gaining notoriety. Hedge fund products, which hedge againstrisk by holding opposite-direction securities, instruments orfutures, have a reputation for performing well in down markets.
Problem is, they're also risky. "The hedge fund areahas been the Wild West of finance," says Christopher Geczy,assistant professor of finance at the University ofPennsylvania's Wharton School. Worse yet, because not allproducts in hedge fund portfolios are traded on an exchange, therisks are hard to gauge, which is one reason hedge funds requiretheir investors to meet hefty net worth requirements.
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