International Science Community Association Research Journal of Management Sciences 2319 - 1171 5 11 2016 11 6 A Literature Investigation on Hedge Funds: Crisscrossing Pompous Edges by Revisiting History 36 40 EN Loya Arpit 1 Prestige Institute of Management and Research, Indore, MP, India Jain Prayatna 2 Prestige Institute of Management and Research, Indore, MP, India Totala N.K. 1 Institute of Management Studies, Devi Ahilya Vishwavidyalaya, Indore, MP, India Saluja H.S. 2 Maharaja Ranjit Singh College of Professional Sciences, Indore, MP, India Shah Muzammel 1 Qurtuba University of Science and IT, Peshawar, Pakistan Aman Qaiser 2 CIIT, Vehari, Pakistan Shukla Rajeev K. 1 Shri Vaishnav School of Business Management, SVVV, Indore, MP, India Shrivastava Peeyush 1 Pacific Academy of Higher Education and Research University, Udaipur (Raj), India Manwani D.T. 2 Pacific Academy of Higher Education and Research University, Udaipur (Raj), India Totala N.K. 1 Institute of Management Studies, Devi Ahilya Vishwavidyalaya, Indore, MP, India Batra Deepika 2 Institute of Management Studies, Devi Ahilya Vishwavidyalaya, Indore, MP, India > Review Paper 2016 9 1 2016 11 6 Hedge funds in the previous years have become attractive with regards to money and portfolio management. An investment partnership started by Alfred Jones in 1949 in USA that was regarded as the first Hedge Fund adapted to store and enhance wealth management in the coming times almost for 80 years then. Even the Great Depression period of 1930’s and the breakdown of Bretton Wood Conference in 1970 and later on the first oil crisis in 1973-74 also characterized the remarkable growth of hedge funds in money management. But it was in 1998, the near breakdown of Long Term Capital Management (LTCM) that initiated a international liquidity crisis and that called out for the scrutinization of hedge funds typically for their publicized performance problems. It would be more appropriate to exactly figure out how the mood of hedge funds swings and why. For this the paper attempts and presents a chequered history of hedge funds and to explore their current scenario in the present financial world. Copyright@ International Science Community Association