The Investor's Guide to Hedge FundsJohn Wiley & Sons, 2006 M11 17 - 256 páginas "Eldon Mayer is a battle-tested pro. You should listen to what he and his partner, Sam Kirschner, have to say." --Barton M. Biggs, Managing Partner, Traxis Partners Meet the crème de la crème of the new breed of hedge fund managers, learn how they evaluate world financial markets, hear about their winners and losers, and discover how they apply proprietary strategies to stay ahead of the curve. Through broad-scope interviews with 15 highly successful managers, The Investor's Guide to Hedge Funds provides unparalleled insight into each major hedge fund strategy, its strengths, weaknesses, and performance characteristics. Most importantly, this book shows that despite the sensational headlines, adding hedge funds to a portfolio of stocks and bonds can reduce risk and improve overall performance. |
Contenido
| 1 | |
Chapter 2 The Directional Strategies Equity LongShort | 29 |
Chapter 3 The Directional Strategies Managed Futures | 53 |
Chapter 4 The Directional Strategies Global Macro | 75 |
Chapter 5 The EventDriven Strategies Merger Arbitrage Special Situations | 97 |
Chapter 6 The EventDriven Strategies Distressed Securities | 117 |
Chapter 7 The Relative Value Arbitrage Strategies Equity Market Neutral | 137 |
Chapter 8 Convertible Arbitrage | 159 |
Chapter 13 Due Diligence Best Practices | 267 |
Epilogue Whats Ahead for Hedge Funds? | 301 |
Appendix A Directory of Interviewees | 313 |
Appendix B Qualitative Due Diligence Scorecard | 315 |
Appendix C Quantitative Due Diligence Scorecard | 317 |
Appendix D Major Hedge Fund Databases and Indices | 319 |
Appendix E Hedge Fund Industry Web Sites and Publications | 323 |
NOTES | 325 |
Chapter 9 Fixed Income Arbitrage | 187 |
Chapter 10 The Newer Strategies | 211 |
Chapter 11 The Search for Alpha | 227 |
Chapter 12 Funds of Hedge Funds | 243 |
BIBLIOGRAPHY | 341 |
ABOUT THE AUTHORS | 347 |
INDEX | 349 |
Otras ediciones - Ver todas
The Investor's Guide to Hedge Funds Sam Kirschner,Eldon C. Mayer,Lee Kessler Sin vista previa disponible - 2006 |
The Investor's Guide to Hedge Funds Sam Kirschner,Eldon C. Mayer,Lee Kessler Sin vista previa disponible - 2006 |
Términos y frases comunes
alpha Alternative Investment asset classes bear market benefit beta billion cash Chapter CISDM company’s Convertible Arb Convertible Arbitrage convertible security correlation difficult Distressed Distressed Securities diversification due diligence ELS funds ELS managers Equity Hedge Equity Market Neutral event Event-Driven example exposure final financial financing find firm first Fixed Income Fixed Income Arbitrage flow fund of funds fund’s funds and FOFs global macro going hedge fund managers hedge fund performance hedge fund strategies HFRI HFRI Equity HFRI Fund-Weighted Composite Hoffman Capital Advisors industry interest rates Lehman Bond leverage liquidity long-only look managed futures manager’s market risk Mayer & Hoffman merger MSCI The World MSCI World office outperformed past five percent period PerTrac profit risk management risk-adjusted sector securities sell shares Sharpe ratio Short Selling significant Sources specific standard deviation survivor bias Table there’s tion trading versus Benchmarks volatility what’s
Pasajes populares
Página 54 - The combined portfolios of stocks (or stocks and bonds) after including judicious investments in appropriately selected . . . managed futures accounts (or funds) show substantially less risk at every possible level of expected return than portfolios of stocks (or stocks and bonds) alone.
Página x - But those statements also describe the residential real estate market. Additionally, homes are subject to termites, tornadoes, hurricanes, and floods. Those of us who live in Texas know that home values can go down as -well as up. Yet no one would propose that the average US citizen is not capable or smart enough to ascertain the risks of home ownership.
Página 55 - ... is increased. With a sizable managed futures allocation, however, this is no longer the case, and kurtosis actually drops when more weight is given to alternatives. To summarize, Figures 1.1 to 1.6 show that investing in managed futures can improve the overall risk profile of a portfolio far beyond what can be achieved with hedge funds alone. Making an allocation to managed futures not only neutralizes the unwanted side effects of hedge funds but also leads to further risk reduction. Assuming...
Página 4 - Retirement System (CalPERS), the largest public pension fund in the...
Página 338 - Performance Measurement in a Downside Risk Framework.
Página 188 - Convexity A measure of the curvature in the relationship between bond prices and bond yields.
Página 338 - Understanding and Mitigating Operational Risk in Hedge Fund Investments." Working Paper, The Capital Markets Company Limited, 2003.
Página 161 - Gamma is a measure of the sensitivity of delta to changes in the stock price, defined as the change in delta related to the change in the price of the underlying stock.
Referencias a este libro
Der Lebenszyklus von Hedgefonds: Grundlagen, Modellierung und empirische Evidenz Dieter G. Kaiser Vista previa limitada - 2007 |