Research and publications

Challenges Arising from Alternative Investment Management

Banque de France Finance Stability Review November 2003

Over the past few years the alternative investment industry has developed spectacularly, attracting so much investor ...

Author(s):

Noël Amenc, François Haas, Mathieu Vaissié

Summary:

Banque de France Finance Stability Review November 2003

Over the past few years the alternative investment industry has developed spectacularly, attracting so much investor interest that it appears at times to have taken on the proportions of a “fad”. This article sets out to chart the development of this phenomenon. We will start out by attempting to define the broad outlines and trends of this rapidly evolving industry. We will then try to show why this style of management requires specific risk analysis techniques and performance indicators. This will enable us to assess the impact of alternative investment management on financial market dynamics, and identify the conditions under which these management strategies might “usefully” contribute to the functioning of financial markets and become a lasting feature in the world of asset management. 

 

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Type : Academic Publication
Date : 05/11/2003
Keywords :

Alternative Investments