TY - JOUR T1 - An Institutional View of the Hedge Fund World JF - The Journal of Investing SP - 83 LP - 89 DO - 10.3905/joi.2001.319465 VL - 10 IS - 2 AU - Mark J.P. Anson Y1 - 2001/05/31 UR - https://pm-research.com/content/10/2/83.abstract N2 - Institutional investors are becoming a significant driver in the hedge fund market and, as a result, they are changing the behavior of hedge fund managers. This paper provides a strategic framework for implementing an institutional hedge fund investment program. Additionally, this paper considers some of the practical issues with respect to selecting a hedge fund manager, including the difficulty of working with “black box” hedge fund managers. ER -