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Description of Evaluating and Implementing Hedge Fund Strategies

This book offers practical advice on how to implement and manage a successful hedge fund strategy and includes discussion on event and equity investing, the evaluation of opportunities, risk assessment control, quantitative analysis of return and risk characteristics, investing in emerging markets and convertible arbitrage. This book provides an insightful and practical overview of the dynamics, diversity and divergences of hedge fund investment.

Title Information

ISBN:

9781843740513

Pages:

446 pages

Format:

Paperback

Product Code:

17981

Publisher:

Euromoney Institutional Investor

Published:

30/11/2003

Edition:

3rd Revised edition

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About Ronald A. Lake (Editor)

Ronald A. Lake is president of Lake Partners, Inc., an investment consulting firm located in Greenwich, Connecticut. Lake Partners advises institutions and private investment groups on asset allocation, manager selection and programme supervision, with special expertise in hedge funds and alternative investments.

Contents of Evaluating and Implementing Hedge Fund Strategies

Acknowledgements xvii

Author biographies xviii

Part I: Introduction 1

1: An overview of themes and issues 3
2: Market gravity and hedge fund aerodynamics:
3: Sources of systematic return in hedge funds
4: Historical overview of offshore hedge funds
5: Hedge fund trends: review and outlook

Appendix A: Sampling of institutions using or considering hedge funds
Appendix B: Important dates in hedge fund history

6: Lessons learned from investing in hedge funds

Part II: Evaluating opportunities � managers� strategies

7: Adding alpha in merger arbitrage
8: The hedge fund manager�s edge: an overview of event investing
9: Trend following: performance, risk and correlation characteristics
10: Using a long-short portfolio to neutralise market risk and enhance active returns
11: Fixed-income arbitrage
12: Asset-backed investing
13: Emerging markets
14: Convertible arbitrage: the manager�s perspective
15: Hedged equity investing
16: Understanding credit cycles and hedge fund strategies
17: European event and arbitrage investing
18: Long-short investment strategy in Japan: capitalising on the dynamic structural change occurring in Japan


Part III: Evaluating opportunities � investors� strategies

19: Analysing the evolution of the European hedge fund industry
20: Hedge funds in Asia
21: The life cycle of hedge fund managers
22: Utilising hedge funds: the experiences of a private investor
23: Quantitative analysis of hedge funds: a simple comprehensive framework
24: Institutional investors: incorporating hedge funds into the asset allocation process
25: Quantitative analysis of return and risk characteristics of hedge funds, managed futures and mutual funds
26: The due diligence process
27: Understanding continuing trends in hedge funds
28: Hedge fund benchmarking and indexation

Part IV: Assessing risk and risk control

29: Risk control and risk management
30: Qualitative aspects of analysing risk and monitoring managers
31: Assessing risk and risk control: operational issues
32: The evolving role of the prime broker
33: Hedge fund transparency

Part V: Hedge funds and public policy

34: What bankers don�t know
35: Hedge funds and dynamic hedging
36: Hedge funds and financial markets: implications for policy
37: Short selling, hedge funds and public policy considerations

Part VI: Legal and regulatory issues

38: Structuring hedge funds � an overview of business, legal and regulatory considerations for managers
39: Investing in hedge funds: an overview of business, legal and regulatory considerations for investors
40: Marketing alternative investment funds:law and regulation
41: Marketing alternative investments: law and regulation in the United States
42: The evolution and outlook for regulation of hedge funds in the United States