Description of Evaluating and Implementing Hedge Fund Strategies
An essential guide to all aspects of hedge funds from its origins and industry dynamics to strategies; assessing risk to performance benchmarks, this book offers practical advice on how to implement and manage a successful hedge fund strategy. Fully revised and updated, this new edition includes expanded introductory information plus new chapters covering hedge funds and emerging markets; convertible arbitrage; opportunistic investing; investors' strategies; opportunities and pitfalls; risk control techniques and the impact of investment technology.
This timely new edition presents detailed analysis of
investment techniques, risk and controls from the viewpoint of managers andinvestors. Over 40 chapters offer advice on how to implement and manage a successful hedge fund strategy.
Contents of Evaluating and Implementing Hedge Fund Strategies
Chapter 1: An overview of themes and issues
Chapter 2: Market gravity and hedge fund aerodynamics
Chapter 3: Going the distance: prize fighting and the art of alternative investing
Chapter 4: Historical developments and emerging trends in offshore hedge funds
Chapter 5: A look back - and forward - at the hedge fund community
Chapter 6: US strategy: some lost-cause ideas for hedge funds
Chapter 7: Macro investing
Chapter 8: Global investing
Chapter 9: Value investing
Chapter 10: Special situation investing: 'edge' funds versus hedge funds -
Chapter 11: Event investing
Chapter 12: Managed futures - the convergence with hedge funds
Chapter 13: Short selling as an alternative investment strategy
Chapter 14: Market neutral investing: the reality of the past and the myth of the present
Chapter 15: Quantitative investment techniques and arbitrage
Chapter 16: Using a long-short portfolio to neutralise market risk and enhance active returns
Chapter 17: Fixed-income arbitrage
Chapter 18: The parallax of convertible arbitrage
Chapter 19: Hedged equity investing
Chapter 20: Opportunities and challenges in global/fixed-income arbitrage
Chapter 21: Evaluating opportunities in Europe: the institutional investor's perspective
Chapter 22: Hedge fund investing: a private family perspective
Chapter 23: Utilising hedge funds: the experiences of a private investor
Chapter 24: Quantitative analysis of hedge funds - a simple comprehensive framework
Chapter 25: Practical approaches to incorporating hedge funds in the asset allocation process for institutional investors
Chapter 26: Quantitative analysis of hedge fund and managed futures, return and risk characteristics
Chapter 27: The due diligence process
Chapter 29: Risk control and risk management
Chapter 30: Qualitative aspects of analysing risk and monitoring managers
Chapter 31: Assessing risk and risk control - operational issues
Chapter 32: Quantitative aspects of analysing risk - are hedge funds worth it?
Chapter 33: The role of the prime broker
Chapter 34: Technology's impact on hedge fund investing
Chapter 35: What bankers don't know
Chapter 36: Hedge funds and dynamic hedging
Chapter 37: Hedge funds and financial markets implications for policy
Chapter 38: The role of hedge funds in global capital markets
Chapter 39: Structuring hedge funds: an overview of business, legal and regulatory considerations for managers
Chapter 40: Investing in hedge funds: an overview of business, legal and regulatory considerations for investors
Chapter 41: Marketing alternative investment funds: law and regulation
Chapter 42: Taxation of hedge funds
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