Hedge Funds: Definitive Strategies and Techniques (Wiley Finance)

This book couldn’t be more timely! With continued turmoil in the world economy and a prolonged equity bear market, investors want to understand the role hedge funds should play in their investment strategy. Hedge Funds helps demystify many of the ‘secrets’ of hedge funds and gives investment consultants and investors alike valuable perspective on how hedge funds work, how they are regulated, their risk/return profiles, and the role they should play in an investment portfolio Hedge Funds......Page 4 Contents......Page 8 PREFACE......Page 10 ACKNOWLEDGMENTS......Page 14 CHAPTER 1 Hedge Funds: Overview and Regulatory Landscape......Page 16 CHAPTER 2 Alpha-Generating Strategies......Page 25 CHAPTER 3 Funds of Hedge Funds: Definitive Overview of Strategies and Techniques......Page 40 CHAPTER 4 Investing in Hedged Equity Funds......Page 64 CHAPTER 5 Arbitrage......Page 80 CHAPTER 6 Global Macro Funds......Page 97 CHAPTER 7 Managed Futures......Page 109 CHAPTER 8 Manager Searches and Performance Measurement......Page 127 CHAPTER 9 Risk Management for Hedge Funds and Funds of Funds......Page 154 CHAPTER 10 Structured Products—Then and Now......Page 174 APPENDIX A The Hedge Fund Difference......Page 191 APPENDIX B Some Helpful Links......Page 195 APPENDIX C Value at Risk and Probability of Loss......Page 196 RESOURCES......Page 198 GLOSSARY OF TERMS......Page 207 CONTRIBUTORS......Page 210 INDEX......Page 220 A well-rounded hedge fund guide for the serious financial professional Alternative investment strategies-hedge funds in particular-have experienced a significant resurgence recently, largely in response to the dramatic downturn of the global equity markets. In response to this explosion in popularity, this book focuses on many of the best moneymaking strategies related to these alternative investment vehicles. IMCA (The Investment Management Consultants Association) is a professional association established in 1985, representing the investment consulting profession in the U.S. and Canada. Kenneth S. Phillips is a member of the IMCA Advisory Council and Managing Principal of Capital Partners, LLC. Ron Surz, CIMA, is a member of the IMCA Board of Directors and the President of PPCA Inc. Praise for Hedge Funds "This book couldn't be more timely! With continued turmoil in the world economy and a prolonged equity bear market, investors want to understand the role hedge funds should play in their investment strategy. Hedge Funds helps demystify many of the ćsecrets' of hedge funds andgives investment consultants and investors alike valuable perspective on how hedge funds work, how they are regulated, their risk/return profiles, and the role they should play in an investment portfolio." -J. Richard Joyner Partner, Ernst & Young LLP "An excellent resource for the advisor who is interested in hedge funds for his/her clients." -Phillip N. Maisano Chairman and CEO, Evaluation Associates Edited By Kenneth S. Phillips And Ronald A. Surz. Includes Bibliographical References (p. 183-191) And Index. Too many people believe that hedge funds are unregulated investment vehicles.