Reuters- Worried about tracking error risk in your portfolio? Do you know your performance attribution with your 130-30 fund? Or its dynamic leverage policy? To enhance your alpha generation, are you long beta or gamma?

For portfolio managers looking to expand into the arcane world of hedge funds, those questions may be cropping up on a daily basis as they wrestle with a baffling array of choices in the ballooning world of new investment choices.

"It’s a lot more work than it used to be," said Dennis Hammond, chief executive of Hammond Associates, a St. Louis consulting firm that advises pension funds and others on investment choices for some $60 billion in assets. "It’s all about complexity."

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Reuters – Worried about tracking error risk in your portfolio? Do you know your performance attribution with your 130-30 fund? Or its dynamic leverage policy? To enhance your alpha generation, are you long beta or gamma?

For portfolio managers looking to expand into the arcane world of hedge funds, those questions may be cropping up on a daily basis as they wrestle with a baffling array of choices in the ballooning world of new investment choices.

"It’s a lot more work than it used to be," said Dennis Hammond, chief executive of Hammond Associates, a St. Louis consulting firm that advises pension funds and others on investment choices for some $60 billion in assets. "It’s all about complexity."

At one of the largest gatherings of hedge funds, consultants and investors here this week, participants were confronted with more choices than ever before as they listened to dozens of presentations by hedge fund managers.

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