This authoritative overview, written for institutional investors and those with financial oversight responsibilities, reveals strategies, risks, and technical insights into the world of hedge fund investing. Key investment concepts such as evaluation techniques, monitoring tips, and indexation create a solid foundation for making informed investment decisions time after time.
Review quote:
"This is a good primer for the first-time investor or student who wishes to learn the history of hedge funds and the techniques used by hedge fund managers. The objective of this book is twofold. First, it presents the important facts regarding the myths of hedge funds in a manner most informative and useful to an actual or potential owner. Second, it seeks to reach dependable conclusions, based upon the facts and applicable standards, as to the safety and attractiveness of hedge funds and the potential pitfalls.
Table of contents:
What Are Hedge Funds? Why Invest in Them? Quantitative and Qualitative Characteristics of Specific Hedge Fund Strategies. Who Manages Hedge Funds? Who Invests in Them? How to Invest in Hedge Funds. Evaluating Hedge Funds. Monitoring Hedge Funds. Hedge Fund Benchmarks. The Future of Institutional Investment in Hedge Funds.
Hedge funds have always been characterized by limited accessibility, brilliant fund managers, and reports of unusually aggressive strategies--along with the potential for unusually high returns. Over the years, professional money managers and institutional and high-net worth investors have committed sizable amounts of investment capital to hedge funds. Unfortunately, far too many have done so without a solid understanding of both the opportunities and the risks inherent in this dynamic investment class. Fundamentals of Hedge Fund Investing begins to unlock the world of hedge funds--the managers, the strategies, and the investment itself. This uncommonly objective analysis addresses crucial hedge fund questions, including: how to approach the choice of a hedge fund manager appropriate for your investment style and risk attitude; detailed descriptions of the types of hedge fund strategies; examples of both generic and specific analysis useful for evaluating a hedge fund. As they consider the prospect of equities falling back to historical levels of return, institutional investors search for alternative methods of investing as well as diversifying sizable portfolios. Hedge funds are gaining in acceptance and popularity. The authoritative and comprehensive Fundamentals of Hedge Fund Investing contains explanations of hedge fund basics as well as investing strategies and technical insights, and represents a quality resource in hedge fund information.
Unlike exchange based or regulated investment vehicles, hedge funds are complex, legal structures employing unique investment strategies. As such, they are difficult to identify, evaluate and track by even seasoned investment professionals. This book provides those charged with direct investment decision making or fiduciary responsibility a foundation for making hedge fund investment decisions. Combining the remedial issues surrounding this investment class with a thorough technical explanation of the allocation and evaluation issues, the authors have achieved the delicate balance of an authoritative and clear information guide.
Review quote:
"This is a good primer for the first-time investor or student who wishes to learn the history of hedge funds and the techniques used by hedge fund managers. The objective of this book is twofold. First, it presents the important facts regarding the myths of hedge funds in a manner most informative and useful to an actual or potential owner. Second, it seeks to reach dependable conclusions, based upon the facts and applicable standards, as to the safety and attractiveness of hedge funds and the potential pitfalls.
Table of contents:
What Are Hedge Funds? Why Invest in Them? Quantitative and Qualitative Characteristics of Specific Hedge Fund Strategies. Who Manages Hedge Funds? Who Invests in Them? How to Invest in Hedge Funds. Evaluating Hedge Funds. Monitoring Hedge Funds. Hedge Fund Benchmarks. The Future of Institutional Investment in Hedge Funds.
Hedge funds have always been characterized by limited accessibility, brilliant fund managers, and reports of unusually aggressive strategies--along with the potential for unusually high returns. Over the years, professional money managers and institutional and high-net worth investors have committed sizable amounts of investment capital to hedge funds. Unfortunately, far too many have done so without a solid understanding of both the opportunities and the risks inherent in this dynamic investment class. Fundamentals of Hedge Fund Investing begins to unlock the world of hedge funds--the managers, the strategies, and the investment itself. This uncommonly objective analysis addresses crucial hedge fund questions, including: how to approach the choice of a hedge fund manager appropriate for your investment style and risk attitude; detailed descriptions of the types of hedge fund strategies; examples of both generic and specific analysis useful for evaluating a hedge fund. As they consider the prospect of equities falling back to historical levels of return, institutional investors search for alternative methods of investing as well as diversifying sizable portfolios. Hedge funds are gaining in acceptance and popularity. The authoritative and comprehensive Fundamentals of Hedge Fund Investing contains explanations of hedge fund basics as well as investing strategies and technical insights, and represents a quality resource in hedge fund information.
Unlike exchange based or regulated investment vehicles, hedge funds are complex, legal structures employing unique investment strategies. As such, they are difficult to identify, evaluate and track by even seasoned investment professionals. This book provides those charged with direct investment decision making or fiduciary responsibility a foundation for making hedge fund investment decisions. Combining the remedial issues surrounding this investment class with a thorough technical explanation of the allocation and evaluation issues, the authors have achieved the delicate balance of an authoritative and clear information guide.