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Understanding Hedge Fund Investing : a Practical Approach to Investor Motivation, Manager Profits, and Fund Performance.
The most up-to-date look at how to understand, and invest in, hedge funds Hedge funds are an essential part of the alternative investing arena, and will continue to be so for the foreseeable future. It's important that those investing, or thinking about investing, with hedge funds know exactly...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Wiley,
2013.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance; Contents; Preface; Acknowledgments; PART ONE: Overview; CHAPTER 1: The Basics of Hedge Fund Investing; WHAT ARE ALTERNATIVE INVESTMENTS?; HEDGE FUND CHARACTERISTICS AND STRUCTURES; Legal Entities and Domiciles; Management Company Responsibility and Organizational Design; HEDGE FUNDS VERSUS MUTUAL FUNDS; Size and Scope of the Mutual Fund Industry; Size and Scope of the Hedge Fund Industry; TYPES OF HEDGE FUND STRATEGIES; Reporting Monthly Returns.
- IMPACT OF LEVERAGE, SHORT SELLING, AND DERIVATIVESAn Example of a Leveraged Long Position in a Margin Account; An Example of a Leveraged Short-Sale Positionin a Margin Account; MEASURING PERFORMANCE; Arithmetic and Geometric Mean Returns; Standard Deviation, Skew, and Kurtosis; Gross and Net Market Value Exposures; Value at Risk as a Measure or Fund Constraint; SUMMARY; DISCUSSION QUESTIONS AND PROBLEMS; CHAPTER 2: Who Invests in Hedge Funds and Why?; ACADEMIC RESEARCH IN SUPPORT OF HEDGE FUND INVESTING; HEDGE FUNDS AND ASSET ALLOCATION; Individual versus Institutional Investors.
- Asset Allocation and Portfolio EffectsHIGH-NET-WORTH INDIVIDUALS; FAMILY OFFICES; ENDOWMENTS; PUBLIC PENSION PLANS; SOVEREIGN WEALTH FUNDS; FUNDS OF HEDGE FUNDS (FoFs); WHY NOT ALLOCATE 100 PERCENT TO HEDGE FUNDS?; The Industry Is Not Mature and has Lost Some Investor Confidence; Investments in Hedge Funds Negatively Impact Portfolio Liquidity; Limited Transparency; Reputational Concerns; Concentration Risk; Business Risk or Closure Risk; HIGHLIGHTS OF RECENT INVESTOR SURVEYS; SUMMARY; DISCUSSION QUESTIONS AND PROBLEMS; REFERENCES AND ADDITIONAL READING.
- CHAPTER 3: Industry Trends, Flows, and CharacteristicsPRE-1998, WHEN NO ONE REALLY CARED; 1998 TO 2002, WHEN EVERYONE TOOK NOTICE; 2002 TO 2007, THE GOLDEN AGE; 2008 AND 2009, THE ROOT OF ALL EVIL?; 2010 TO PRESENT, GOD'S ANSWER TO THE YIELD GAP!; INDUSTRY CHARACTERISTICS; CURRENT STATE OF THE INDUSTRY; STATE OF U.S . HEDGE FUND REGULATIONS; Investment Advisers Act of 1940; Securities Act of 1933; Securities Exchange Act of 1934; Investment Company Act of 1940; SUMMARY; DISCUSSION QUESTIONS AND PROBLEMS; REFERENCES AND ADDITIONAL READING; PART TWO: Understanding the Strategies.
- CHAPTER 4: Global Macro InvestingORGANIZATIONAL STRUCTURE; PORTFOLIO CHARACTERISTICS; Top-Down Discretionary or Directional Trading; Systematic Trading and Trend Following; FUND TERMS AND CONDITIONS; FLOWS AND PERFORMANCE; WHAT I S THE PROFILE OF A GLOBAL MACRO MANAGER?; Moore Capital Management; Tudor Investment Corporation; MEASURING RETURNS AND EVALUATING RISK; SUMMARY; DISCUSSION QUESTIONS AND PROBLEMS; REFERENCES AND ADDITIONAL READING; CHAPTER 5: Long and Short Equity Strategies; ORGANIZATIONAL STRUCTURE; INVESTMENT PROCESS AND PORTFOLIO CHARACTERISTICS.