Dr. Mark Shore, CME Group’s Director and Economist with over 30 years of capital markets expertise, will share his unique perspective on global market analysis across various asset classes, emerging macroeconomic trends, and economic drivers.
This study examines the concept that hedge funds generally offer diversification. The results from 26 years of monthly data on equity and hedge fund indices find that hedge fund strategies are heterogeneous as they offer varying benefits to investors. This research suggests a framework to assist investors in developing asset allocation decisions based on the portfolio’s goals or mandates relative to correlation risk. This study is robust, temporal, and even agnostic. This presentation is a summary of Dr. Shore’s dissertation he defended in 2024.