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.
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.
FILIPPO STEFANINI is deputy Chief Investment Officer in Aletti Gestielle Alternative SGR, an Italian alternative investment company specializing in managing funds of hedge funds which is part of the banking group Banco Popolare di Verona e Novara. As of October 1st 2005 the company has assets under management of 1,4 billion euro. He graduated from Bergamo University in 1998 with first-class honors in Industrial Engineering. Since 1999 he has worked as a consultant for Accenture in the Asset Management and Investment Banking areas. He has been working for Aletti Gestielle Alternative SGR since 2001 when he was involved in the start-up project. In 2002 he became co-author of the book Hedge Funds: to invest for generating absolute returns. In 2005 he wrote the book Hedge Funds: the investment strategies. Both books were published in Italy by Il Sole 24 Ore.
Inhaltsangabe
Foreword. Preface. Acknowledgements. About the Author. 1. A Few Initial Remarks. 2. Arbitrage. 3. Short Selling. 4. Long/Short Equity. 5. Merger Arbitrage. 6. Convertible Bond Arbitrage. 7. Fixed Income Arbitrage. 8. Strategies on CDOs. 9. Mortgage-Backed Securities Arbitrage. 10. Distressed Securities. 11. Event Driven or Special Situations. 12. Multi-strategy. 13. Managed Futures. 14. Global Macro. 15. Other Strategies. 16. Hedge Fund Performance Analysis. 17. Conclusions. Bibliography. Index.
