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Hedge funds : structure, strategies, and performance

✍ Scribed by Baker, Harold Kent; Filbeck, Greg


Publisher
Oxford University Press
Year
2017
Tongue
English
Leaves
697
Series
Financial Markets and Investments
Edition
1
Category
Library

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✦ Synopsis


Hedge Funds: Structure, Strategies, and Performance provides a synthesis of the theoretical and empirical literature on this intriguing, complex, and frequently misunderstood topic.

The book dispels some common misconceptions of hedge funds, showing that they are not a monolithic asset class but pursue highly diverse strategies. Furthermore, not all hedge funds are unusually risky, excessively leveraged, invest only in illiquid asses, attempt to profit from short-term market movements, or only benefit hedge fund managers due to their high fees. Among the core issues addressed are how hedge funds are structured and how they work, hedge fund strategies, leading issues in this investment, and the latest trends and developments.

The authors examine hedge funds from a range of perspectives, and from the theoretical to the practical. The book explores the background, organization, and economics of hedge funds, as well as their structure. A key part is the diverse investment strategies hedge funds follow, for example some are activists, others focusing on relative value, and all have views on managing risk. The book examines various ways to evaluate hedge fund performance, and enhances understanding of their regulatory environment. The extensive and engaging examination of these issues help the reader understands the important issues and trends facing hedge funds, as well as their future prospects.

✦ Table of Contents


Content: Cover
Series
HedgeΒ Funds
Copyright
Contents
List of Figures
List of Tables
Acknowledgments
About the Editors
About the Contributors
Abbreviations
Part One INTRODUCTION
1. Hedge Funds Fundamentals
2. The Economics of Hedge Funds
3. The Life Cycle of Hedge Funds: A New Perspective
4. Characteristics of Successful Hedge Fund Managers
Part Two THE STRUCTURE OF HEDGE FUNDS
5. Hedge Fund Organization
6. Hedge Fund Governance
7. Activist Hedge Funds
8. The Tax Framework of Hedge Funds
9. Compensation and Incentives in Hedge Funds
10. Offshore Hedge Funds Part Three INVESTMENT STRATEGIES OF HEDGE FUNDS11. Directional Equity Strategies of Hedge Funds
12. Event- Driven Hedge Fund Strategies
13. Global Derivatives Hedge Fund Strategies
14. Relative Value Hedge Fund Strategies
15. Multistrategy Hedge Funds
Part Four RISKS AND REGULATION
16. Risk Measurement and Management for Hedge Funds
17. Hedge Funds and Systemic Risk
18. Operational Risk Management for Hedge Funds
19. Hedge Fund Due Diligence
20. Hedge Fund Regulation
Part Five HEDGE FUND PERFORMANCE
21. Issues in Hedge Fund Research
22. Hedge Fund Pricing 23. Evaluating Hedge Fund Performance24. Financial Crises and Evaporating Diversification Benefits
25. Hedge Fund Replication
26. Hedge Funds and Performance Persistence
27. Benchmarking and Bias in Hedge Funds
28. Style Analysis and Consistency
Part Six ISSUES, TRENDS, AND FUTURE PROSPECTSOF HEDGE FUNDS
29. Current Hedge Fund Debates and Controversies
30. Trends and Future Prospects of Hedge Funds
Discussion Questions and Answers (Chapters 2-30)
Index

✦ Subjects


Hedge funds.;BUSINESS & ECONOMICS / Finance


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