The hedge fund world is shrouded in a mystery and complexity which is not found in traditional asset classes but is also guilty of being somewhat arcane and jargon ridden as well; there is a sense of "....they do things differently there". For many potential investors, the barrier to entering this high risk high return asset class is therefore not a lack of investment rationale, but rather the lack of understanding in how to assess hedge funds of funds. This book educates and empowers such investors to be able to achieve the following: - Have enough understanding to not look stupid when…mehr
The hedge fund world is shrouded in a mystery and complexity which is not found in traditional asset classes but is also guilty of being somewhat arcane and jargon ridden as well; there is a sense of "....they do things differently there".
For many potential investors, the barrier to entering this high risk high return asset class is therefore not a lack of investment rationale, but rather the lack of understanding in how to assess hedge funds of funds. This book educates and empowers such investors to be able to achieve the following: - Have enough understanding to not look stupid when discussing hedge funds - Understand the rationale for the use of such funds in their portfolios - Understand the different ways that hedge funds can be utilised within their portfolios - Know the right questions to ask when assessing such an investment either with a consultant or with the hedge fund/fund of funds themselves - Understand how to monitor and benchmark such investments (a very hot topic at present) - Be aware of some complex issues such as academic progress, portable alpha and liability driven investments.
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Autorenporträt
Dr. Chris Jones, London, UK is Chief Investment Officer of Key Asset Management, one of Europe's oldest hedge fund houses managing over $1bn in assets. He has been investing in hedge funds in a professional capacity since 1994, and previously worked in this area at Sanlam, State Street Global Advisors and Liberty Ermitage. Prior to this, he has worked in trading and asset management capacities at Société Générale and Crédit Lyonnais. Chris frequently appears in the hedge fund trade press and on CNBC commenting on hedge funds, and regularly educates pension plan trustees and other industry professionals in this area.
Chris has presented lectures, conference papers and seminars at universities in North America, Europe and Australasia and has published several papers on trading and investment strategies, risk management and hedge funds. He has a BA in Mathematics from Oxford University and a PhD in Finance from the University of Cambridge, where he has an ongoing Visiting Associate position and is an occasional Lecturer.
Inhaltsangabe
- Preface
- Acknowledgements
PART I: AN INTRODUCTION TO HEDGE FUNDS AND HEDGE FUNDS OF FUNDS
1.Introduction
2.Hedge Fund Strategies
3.The Benefits and Risks of Investing in Hedge Funds
4.Investing in Hedge Funds Through a Hedge Fund of Funds
PART II: HEDGE FUNDS OF FUNDS IN ACTION
5.Core Functions and Capabilities of Hedge Funds of Funds
6.The Hedge Funds of Funds Investment Process
7.The Hedge Funds of Funds Risk, Monitoring and Portfolio Management Processes
8.An Example of a Hedge Fund of Funds' Investment Report
PART III: EVALUATING, SELECTING AND INVESTING IN HEDGE FUNDS OF FUNDS
9.Assessing Hedge Funds of Funds
10.Designing the Investment Process
11.Investment and Monitoring
12.A Sample Hedge Fund of Funds Investment Report
PART IV: FURTHER TOPICS IN HEDGE AND FUNDS OF FUNDS
13.Structured Products, Portable Alpha and Liability Driven Investment
14.Hedge Fund Indices and Replication
15.The Leading Edge: Recent Innovations in the Hedge Fund of Funds World