PT - JOURNAL ARTICLE AU - Ananth N Madhavan TI - Implementation of Hedge Fund Strategies DP - 2002 Sep 21 TA - Special Issues PG - 74--80 VI - 2002 IP - 1 4099 - https://pm-research.com/content/2002/1/74.short 4100 - https://pm-research.com/content/2002/1/74.full AB - Hedge funds expend considerable time and energy in developing investment strategies to generate alpha. The implementation of these ideas, however, is also of critical importance. Transaction costs can substantially reduce and perhaps even eliminate the paper returns to a particular strategy. High turnover and aggressive trading on short-lived information accentuate these problems for hedge funds. This article discusses the essential elements of implementing hedge fund strategies, focusing on all aspects of the investment cycle.