# Prof. Stephen Brown's research on hedge fund diversification is cited

1 January 23, 2012 Financial News ![Financial News logo ](/sites/default/files/styles/246w/public/assets/images/con_030513.jpg?itok=TpE2KEls)>

Excerpt from [Financial News](http://www.efinancialnews.com/story/2012-01-23/hedge-fund-skills-have-evaporated-fees-are-next) -- "Research produced by [Stephen Brown](http://w4.stern.nyu.edu/faculty/bio/stephen-brown), professor of finance at New York’s Stern School of Business, adds that investors should not try to protect themselves by diversification."

[Read more](http://www.efinancialnews.com/story/2012-01-23/hedge-fund-skills-have-evaporated-fees-are-next)