RT Journal Article SR Electronic T1 An Institutional View of the Hedge Fund World JF The Journal of Investing FD Institutional Investor Journals SP 83 OP 89 DO 10.3905/joi.2001.319465 VO 10 IS 2 A1 Mark J.P. Anson YR 2001 UL https://pm-research.com/content/10/2/83.abstract AB 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.