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Professor Stephen Brown's research on hedge funds is referenced
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![Australian Financial Review logo Australian Financial Review logo](/sites/default/files/styles/480w/public/assets/images/con_031073.jpg?itok=EJoXoq-A)
Excerpt from The Australian Financial Review -- "Another perspective on alternative assets comes from Stephen Brown of Monash University and the Stern School of Business at New York University. Brown highlights a 60/40 stock/bond portfolio has a 10-year annualised return of 6.6 per cent against 5.6 per cent for hedge funds. Despite this, Brown advocates a small allocation towards hedge funds (5 per cent) and says they do reduce financial risk."
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