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Description of Absolute Returns

This book is a practical guide to strategies of hedge fund investing. Hedge fund expert Alexander Ineichen, outlines strategies that hedge fund managers use to achieve superior investment performance, particularly in bear markets, when traditional investment strategies do not perform so well, and shows readers how hedge funds might be added to traditional investment portfolios to achieve superior returns. Nontechnical yet sophisticated, "Absolute Returns" shows investors how to make educated decisions about hedge fund investment, thoroughly explaining the risks as well as the rewards.

Title Information

ISBN:

9780471251200

Pages:

528 pages

Format:

Hardback

Product Code:

15998

Publisher:

John Wiley & Sons Inc

Published:

22/11/2002

Edition:

illustrated edition

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About Alexander M. Ineichen

ALEXANDER M. INEICHEN, CFA, is Managing Director and Head of Equity Derivatives Research at UBS Warburg in London. In October 2000, Ineichen authored In Search of Alpha: Investing in Hedge Funds, which has become the most often printed research publication in the documented history of UBS Warburg. He has also published several papers in peer--refereed financial journals, contributed numerous articles and chapters to financial newspapers, magazines, and books, and regularly speaks about hedge funds and risk at industry conferences.

Contents of Absolute Returns

PART ONE: The Hedge Fund Industry.
1. Introducing Absolute Returns.
Appendix: Risk Illusion.
2. Myths and Misconceptions.
Appendix: Press Coverage of Hedge Funds.
3. Difference between Long-Only and Absolute Return Funds.
Appendix: Guatemalan Dentist.
4. Advantages and Disadvantages of Investing in Hedge Funds.
Appendix: On Market Efficiency and Unorthodox Economics.

PART TWO: Risk and Opportunities of Absolute Return Strategies.
5. Classification and Performance of Hedge Funds.
6. Relative-Value and Market-Neutral Strategies.
7. Event-Driven Strategies.
8. Opportunistic Absolute Return Strategies.
Appendix: Long/Short Controversy.

PART THREE: The Fund of Hedge Funds Industry.
9. Industry Overview.
10. Advantages and Disadvantages of Investing in Funds of Hedge Funds.
11. The Alpha in Funds of Hedge Funds.

PART FOUR: Going Forward.
12. Game of Risk or Risky Game?

Notes.
References.
Index.