Hedge Funds and Managed Futures

To get a first overview about the subject matters I intend to post about, CISDM is a good start.
In its "Benefits of" series the Center of International Securities and Derivatives Markets provides an analysis of risk and return benefits of Hedge funds and Managed Futures when considered as part of an investor's overall portfolio. The risk and return performance of portfolios constructed from adding alternative investments to established U.S. stock and bond portfolios are evaluated.