Alpha and beta
Market-adjusted return and systematic sensitivity separate manager skill from exposure.
Hedge fund analysis
Examine performance without ignoring the path of risk.
Reference case: Meridian Alpha FundSee how PIIP compares expected return with volatility, downside deviation, maximum drawdown, CVaR, liquidity, concentration and persistence.
Hedge fund walkthroughModelled reference data
The recording shows the fund assumptions, unified result, cross-asset comparison and formula traceability.
Expected return11.7%
PRAR1.15
PIQ69
PFR72%
Liquidity78
Fund research framework
Return quality, exposure and access.
Leverage and exposure
Gross leverage, net exposure and factor positioning show how the return profile is constructed.
Fee drag
Management fees, performance fees and expenses translate gross performance into investor return.
Drawdowns
Depth, duration and recovery make severe losses visible alongside average volatility.
Liquidity gates
Redemption terms, notice periods, side pockets and gates reveal when reported liquidity may not be accessible.