Hedge funds may be referred to as __________ return funds, which implies that there is no relative benchmark against which to measure their performance.

Question

Quizplus · Accepted Answer

Hedge funds are often classified as absolute return funds because there is no benchmark or index to measure their performance against. Absolute return funds seek to generate positive returns regardless of market conditions, rather than outperforming a particular benchmark.

Hedge Funds May Be Referred to as __________ Return Funds