Handbook of Hedge Funds (The Wiley Finance Series)

A comprehensive guide to the burgeoning hedge fund industry Intended as a comprehensive reference for investors and fund and portfolio managers, Handbook of Hedge Funds combines new material with updated information from Francois-Serge L’habitant’s two other successful hedge fund books. This book features up-to-date regulatory and historical information, new case studies and trade examples, detailed analyses of investment strategies, discussions of hedge fund indices and databases, and tips on portfolio construction. Francois-Serge L’habitant (Geneva, Switzerland) is the Head of Investment Research at Kedge Capital. He is Professor of Finance at the University of Lausanne and at EDHEC Business School, as well as the author of five books, including Hedge Funds: Quantitative Insights (0-470-85667-X) and Hedge Funds: Myths & Limits (0-470-84477-9), both from Wiley. Hedge Funds Are The Fastest Growing Sector Of The Financial Industry, And This Trend Is Set To Continue. Non Technical Yet Sophisticated, The Handbook Of Hedge Funds Removes The Veil Of Secrecy That Surrounds These Often Misunderstood Investment Vehicles. Blending Facts, Practical Tips, And Personal Insights, Written By An Expert In The Field, It Provides A Complete Analysis Of What Hedge Funds Are, How They Operate, And How They Should Be Used In A Portfolio.--book Jacket. Foreword / Mark Anson -- 1. Introduction -- 2. History Revisited -- 3. Legal Environment -- 4. Operational And Organizational Structures -- 5. Understanding The Tools Used By Hedge Funds -- 6. Introduction -- 7. Long/short Equity Strategies -- 8. Dedicated Short -- 9. Equity Market Neutral -- 10. Distressed Securities -- 11. Merger Arbitrage -- 12. Convertible Arbitrage -- 13. Fixed Income Arbitrage -- 14. Emerging Markets -- 15. Global Macro -- 16. Managed Futures And Commodity Trading Advisors (ctas) -- 17. A Smorgasbord Of Other Strategies -- 18. Measuring Net Asset Values And Returns -- 19. Return Statistics And Risk -- 20. Risk-adjusted Performance Measures -- 21. Databases, Indices And Benchmarks -- 22. Introduction -- 23. Revisiting The Benefits And Risks Of Hedge Fund Investing -- 24. Asset Allocation And Hedge Funds -- 25. Hedge Fund Selection: A Route Through The Maze -- 26. Funds Of Hedge Funds -- 27. Structured Products On Hedge Funds -- 28. Conclusions -- Bibliography -- Index. François-serge Lhabitant. Includes Bibliographical References (p. [617]-623) And Index.