The Effects of Hedge Funds on an Investment Portfolio Ezra Zask, Herbert Moore This is an excellent introduction to the effects that adding a fund of hedge funds to an overall asset allocation program can have. Originally prepared for the Family Office Exchange ("FOX").
Asset Allocation Within a Fund of Hedge Funds Ezra Zask Originally published in Alternative Investment Quarterly. This article reviews the major alternative methods for incorporating expected returns and non-normal distributions into the portfolio construction process.
The Trouble With Portfolio Optimizers Ezra Zask Originally prepared as a presentation for the Institute for Private Investors ("IPI"). This presentation discusses the problem with traditional portfolio optimization, including mean variance optimization.
