Understanding Hedge Funds

Understanding Hedge Funds PDF Author: Scott Frush
Publisher: McGraw Hill Professional
ISBN: 0071631577
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
Capitalize on the Opportunities Hedge Funds Offer for Increased Investment Returns and Reduced Risk Understanding Hedge Funds is a clear, direct guide to the nature and use of hedge funds. This concise resource demystifies the different types of hedge funds, weighs the opportunities and risks, and helps you determine which ones are best for you. Writing in an informal, user-friendly style, financial expert Scott Frush answers any question you may have about these largely unregulated investments. Avoiding complex mathematics, he presents an overview of the hedge fund market...describes the place of hedge funds in the global financial system...explains how to pick a hedge fund manager... and shows you how to avoid common mistakes and misconceptions. With this wealth-building resource you'll be to: Learn the advantages and disadvantages of hedge funds vs. mutual funds Discover strategies for low, moderate, and high-risk investing Learn about the role of hedge funds in asset allocation Explore important legal and regulatory issues impacting hedge funds Utilize the author's valuable hedge fund checklist and toolkit

Understanding Hedge Funds

Understanding Hedge Funds PDF Author: Scott Frush
Publisher: McGraw Hill Professional
ISBN: 0071631577
Category : Business & Economics
Languages : en
Pages : 242

Get Book Here

Book Description
Capitalize on the Opportunities Hedge Funds Offer for Increased Investment Returns and Reduced Risk Understanding Hedge Funds is a clear, direct guide to the nature and use of hedge funds. This concise resource demystifies the different types of hedge funds, weighs the opportunities and risks, and helps you determine which ones are best for you. Writing in an informal, user-friendly style, financial expert Scott Frush answers any question you may have about these largely unregulated investments. Avoiding complex mathematics, he presents an overview of the hedge fund market...describes the place of hedge funds in the global financial system...explains how to pick a hedge fund manager... and shows you how to avoid common mistakes and misconceptions. With this wealth-building resource you'll be to: Learn the advantages and disadvantages of hedge funds vs. mutual funds Discover strategies for low, moderate, and high-risk investing Learn about the role of hedge funds in asset allocation Explore important legal and regulatory issues impacting hedge funds Utilize the author's valuable hedge fund checklist and toolkit

Hedge Fund Operational Due Diligence

Hedge Fund Operational Due Diligence PDF Author: Jason A. Scharfman
Publisher: John Wiley & Sons
ISBN: 0470372346
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
How to diagnose and monitor key hedge fund operational risks With the various scandals taking place with hedge funds, now more than ever, both financial and operational risks must be examined. Revealing how to effectively detect and evaluate often-overlooked operational risk factors in hedge funds, such as multi-jurisdictional regulatory coordination, organizational nesting, and vaporware, Hedge Fund Operational Due Diligence includes real-world examples drawn from the author's experiences dealing with the operational risks of a global platform of over 80 hedge funds, funds of hedge funds, private equity, and real estate managers.

Hedge Fund Alpha: A Framework For Generating And Understanding Investment Performance

Hedge Fund Alpha: A Framework For Generating And Understanding Investment Performance PDF Author: John M Longo
Publisher: World Scientific
ISBN: 9814469920
Category : Business & Economics
Languages : en
Pages : 333

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Book Description
Hedge funds are perhaps the hottest topic in finance today, but little material of substance to date has been written on the topic. Most books focus on how to set up a hedge fund and the basic strategies, while few to none focus on what matters most: generating and understanding investment performance. This book takes an exclusive look at the latter, including an analysis of the areas that are most likely to generate strong investment returns — namely, the emerging markets of Brazil, Russia, India and China. The book will be invaluable to not only financial professionals, but anyone interested in learning about hedge funds and their future.

The Hedge Fund Mirage

The Hedge Fund Mirage PDF Author: Simon A. Lack
Publisher: John Wiley & Sons
ISBN: 1118164318
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
The dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance. The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.

Hedge Funds

Hedge Funds PDF Author: IMCA
Publisher: John Wiley & Sons
ISBN: 0471473421
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
A well-rounded hedge fund guide for the serious financial professional Alternative investment strategies-hedge funds in particular-have experienced a significant resurgence recently, largely in response to the dramatic downturn of the global equity markets. In response to this explosion in popularity, this book focuses on many of the best moneymaking strategies related to these alternative investment vehicles. IMCA (The Investment Management Consultants Association) is a professional association established in 1985, representing the investment consulting profession in the U.S. and Canada. Kenneth S. Phillips is a member of the IMCA Advisory Council and Managing Principal of Capital Partners, LLC. Ron Surz, CIMA, is a member of the IMCA Board of Directors and the President of PPCA Inc.

Hedge Funds

Hedge Funds PDF Author: Andrew W. Lo
Publisher: Princeton University Press
ISBN: 140083581X
Category : Business & Economics
Languages : en
Pages : 388

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Book Description
The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.

Hedged Out

Hedged Out PDF Author: Megan Tobias Neely
Publisher: Univ of California Press
ISBN: 0520973801
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
A former hedge fund worker takes an ethnographic approach to Wall Street to expose who wins, who loses, and why inequality endures. Who do you think of when you imagine a hedge fund manager? A greedy fraudster, a visionary entrepreneur, a wolf of Wall Street? These tropes capture the public imagination of a successful hedge fund manager. But behind the designer suits, helicopter commutes, and illicit pursuits are the everyday stories of people who work in the hedge fund industry—many of whom don’t realize they fall within the 1 percent that drives the divide between the richest and the rest. With Hedged Out, sociologist and former hedge fund analyst Megan Tobias Neely gives readers an outsider’s insider perspective on Wall Street and its enduring culture of inequality. Hedged Out dives into the upper echelons of Wall Street, where elite white masculinity is the standard measure for the capacity to manage risk and insecurity. Facing an unpredictable and risky stock market, hedge fund workers protect their interests by working long hours and building tight-knit networks with people who look and behave like them. Using ethnographic vignettes and her own industry experience, Neely showcases the voices of managers and other workers to illustrate how this industry of politically mobilized elites excludes people on the basis of race, class, and gender. Neely shows how this system of elite power and privilege not only sustains itself but builds over time as the beneficiaries concentrate their resources. Hedged Out explains why the hedge fund industry generates extreme wealth, why mostly white men benefit, and why reforming Wall Street will create a more equal society.

Investment Strategies of Hedge Funds

Investment Strategies of Hedge Funds PDF Author: Filippo Stefanini
Publisher: John Wiley & Sons
ISBN: 1119995280
Category : Business & Economics
Languages : en
Pages : 399

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Book Description
One of the fastest growing investment sectors ever seen, hedge funds are considered by many to be exotic and inaccessible. This book provides an intensive learning experience, defining hedge funds, explaining hedge fund strategies while offering both qualitative and quantitative tools that investors need to access these types of funds. Topics not usually covered in discussions of hedge funds are included, such as a theoretical discussion of each hedge fund strategy followed by trading examples provided by successful hedge fund managers.

Top Hedge Fund Investors

Top Hedge Fund Investors PDF Author: Cathleen M. Rittereiser
Publisher: John Wiley & Sons
ISBN: 0470637145
Category : Business & Economics
Languages : en
Pages : 245

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Book Description
A professional's guide to the world of hedge fund investing Throughout the financial crisis of 2008, many hedge funds suffered massive losses and were often blamed for the extreme market upheavals. In the wake f the crisis, hedge funds remain a source of fascination for the media, legislators, and investors, mostly due to misunderstanding. Historically portrayed as risky investment funds for the very wealthy run by swashbuckling traders, the truth is hedge funds are simply an investment vehicle designed to generate superior returns and reduce an investor's overall portfolio risk. Investors have good reasons to remain fascinated with hedge funds. Although many individual funds have underperformed or collapsed, hedge funds as a whole have provided solid returns while reducing risks. Savvy institutions have invested in hedge funds for many years and have made them a large and powerful force in the markets. Investing in hedge funds requires sophisticated knowledge, understanding, skill, access, and experience. Individuals and institutions, whether they are new to hedge funds or need to improve, can find those attributes in the stories of the successful hedge fund investors profiled in Hedge Fund Investors. Hedge Fund Investors chronicles the challenges and rewards these investors face, in selecting hedge fund managers, managing risks, and constructing portfolios. In revealing conversations, leading hedge fund investors who place hundreds of billions of dollars in hedge funds, share their philosophies, strategies, and advice. Profiles a variety of different investors from the pioneers in hedge fund investing to managers for high net-worth individuals and fund of funds investors Discusses winners and losers in the recent market decline, problematic hedge fund strategies, and how these current events will change future strategies Provides lessons, insights, and advice beneficial to all hedge fund investors Engaging and informative, Hedge Fund Investors will prove valuable to anyone involved in placing money with hedge funds, as well as hedge funds who seek to better understand their clients.

The Little Book of Hedge Funds

The Little Book of Hedge Funds PDF Author: Anthony Scaramucci
Publisher: John Wiley & Sons
ISBN: 1118099672
Category : Business & Economics
Languages : en
Pages : 279

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Book Description
The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book: Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds Explores a variety of financial instruments—including leverage, short selling and hedging—that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy.