This item the golden book of hedge fund selection a quantitative approach for hedge fund selection and hedge fund portfolio risk management set up a giveaway theres a problem loading this menu right now. The nook book ebook of the the golden book of hedge fund selection a quantitative approach for hedge fund selection and hedge fund portfolio risk shop the holiday gift guide top toys of the season. Hedge fund investing a quantitative approach to hedge fund selection and de selection de souza c and s gokcan is highly persistent and conclude that this strongly supports a risk budget approach to hedge fund allocation offering a new objective algorithm for risk budgeting for manager selection they propose the use of the hurst . To calculate whether a hedge fund manager added alpha based on the risk taken an investor can simply substitute the beta of the hedge fund into the above equation which would result in an . 275 conclusion we test several return based and risk adjusted hedge fund selection criteria under different market conditions and investor behaviors most of them generate fund quantitative hedge fund selection for funds of funds of funds track records with sharpe ratios above 1 and more desirable risk properties than the benchmarks