Research on hedge funds

Hi everybody, I am a university student and I would like to investigate the hedge funds world for my final work. I already have an overview about them but I would like to enter more in the specific and find out which quantitative models that are used in the hedge funds area. My idea is to pick one of them and either try to develop a model myself or to test an already existing model by using real datas. Does anyone of you have an idea about any fields which worth an investigation? Could you suggest me any sites of sources of informations?

Thanks in advance!

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Bertrand
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