Hedge Fund Analysis / Wiley Finance Editions (PDF)
An In-Depth Guide to Evaluating Return Potential and Assessing Risks
(Sprache: Englisch)
A detailed, step-by-step book covering the entire hedge fund
evaluation process
Investing in hedge funds is different from investing in other
asset classes. There is much less publicly available information
about hedge funds performance than there is...
evaluation process
Investing in hedge funds is different from investing in other
asset classes. There is much less publicly available information
about hedge funds performance than there is...
sofort als Download lieferbar
eBook (pdf)
60.99 €
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenloser tolino webreader
Produktdetails
Produktinformationen zu „Hedge Fund Analysis / Wiley Finance Editions (PDF)“
A detailed, step-by-step book covering the entire hedge fund
evaluation process
Investing in hedge funds is different from investing in other
asset classes. There is much less publicly available information
about hedge funds performance than there is about mutual funds or
individual stocks. Consequently, investing in this class requires
more sophisticated investment knowledge, greater due diligence,
and, in many cases, a better-developed ability to evaluate
investment managers.
Hedge Fund Analysis provides a broad framework of how to
approach this endeavor, from initial screening to analytical
techniques, interviewing skills, and legal and contract
negotiations. Along the way, it demonstrates a variety of
mechanisms for monitoring and tracking hedge funds and the
underlying hedge fund portfolios--explaining each stage of the
process in minute detail and providing specific examples which
fully explain the opportunities and challenges you'll face each
step of the way.
* Provides a detailed look at how to source hedge funds, screen
through them, and rank their strengths and weaknesses
* Lays out a thorough process for evaluating funds, from initial
interviews to performance analysis to onsite meetings
* Reveals what questions to ask by strategy in order to
understand the underlying risk factors associated with each
* Highlights non-investment analysis, including operational due
diligence and risk management, as integral elements in the
process
Written by a financial professional with over twenty years of
experience conducting investment manager due diligence, this book
will put you in a position to make more informed decisions when
investing in hedge funds.
evaluation process
Investing in hedge funds is different from investing in other
asset classes. There is much less publicly available information
about hedge funds performance than there is about mutual funds or
individual stocks. Consequently, investing in this class requires
more sophisticated investment knowledge, greater due diligence,
and, in many cases, a better-developed ability to evaluate
investment managers.
Hedge Fund Analysis provides a broad framework of how to
approach this endeavor, from initial screening to analytical
techniques, interviewing skills, and legal and contract
negotiations. Along the way, it demonstrates a variety of
mechanisms for monitoring and tracking hedge funds and the
underlying hedge fund portfolios--explaining each stage of the
process in minute detail and providing specific examples which
fully explain the opportunities and challenges you'll face each
step of the way.
* Provides a detailed look at how to source hedge funds, screen
through them, and rank their strengths and weaknesses
* Lays out a thorough process for evaluating funds, from initial
interviews to performance analysis to onsite meetings
* Reveals what questions to ask by strategy in order to
understand the underlying risk factors associated with each
* Highlights non-investment analysis, including operational due
diligence and risk management, as integral elements in the
process
Written by a financial professional with over twenty years of
experience conducting investment manager due diligence, this book
will put you in a position to make more informed decisions when
investing in hedge funds.
Inhaltsverzeichnis zu „Hedge Fund Analysis / Wiley Finance Editions (PDF)“
Introduction xi PART ONE Background CHAPTER 1 Hedge Fund History 3 So Who Invented the Hedge Fund? 4 The Samurai 4 The Academic 5 The Legend 14 The Innovator 17 CHAPTER 2 Hedge Fund Asset Class 29 Definition 29 Hedge Fund Structure 31 Hedge Fund Strategies 32 Advantages of Allocating to Hedge Funds 43 Hedge Fund Size and Age Impacts Performance 52 PART TWO Hedge Fund Due Diligence CHAPTER 3 Due Diligence Process 57 Key Areas of Focus within Each Component of Due Diligence 57 The Due Diligence Process Highlighted in This Book 60 Putting It All Together 67 Some Initial Thoughts 70 CHAPTER 4 Initial Data Collection 77 Data Collection 78 Due Diligence Questionnaire (DDQ) 80 Fictional Capital Management 80 Other Materials 106 Further Analysis 108 13F Analysis 116 Hedge Fund Journal 119 CHAPTER 5 Initial Interview 121 Initial Call or Meeting 121 Phone Interviews 122 Meeting Notes 139 CHAPTER 6 Quantitative Analysis 145 Performance Measures 146 Absolute Return Measures 146 Absolute Risk Measures 154 Regression-Based Statistics 164 Peer Group Analysis 168 CHAPTER 7 Portfolio Analysis 173 Attribution Analysis 174 Fundamental Analysis 189 Evaluating Portfolio Data 193 CHAPTER 8 Onsite Interviews 217 Onsite Meeting Strategies 219 One-on-One Meetings 219 Meeting with More Than One Person 222 Different Perspectives 223 Meeting Notes 224 Onsite Interviews at Fictional Capital Management (FCM) 228 CHAPTER 9 Operational Due Diligence 259 Case Study: Bayou Fund 259 Definition 261 Importance of Operational Due Diligence 263 Categorization of Operational Due Diligence 267 Interview with FCM Operational Staff 301 CHAPTER 10 Risk Due Diligence 309 Graphical Depiction of Hedge Fund Risks 312 Risk Due Diligence 314 Factor Decomposition Analysis 330 Interview with FCM Risk Manager 333 CHAPTER 11 Reference and Background Checks 339 Onlist and Offlist References 340 Internet and Social Media 341 Contacting References 343 Problematic References 346 Whose References Should You Check? 349 How
... mehr
Many Reference Calls Are Enough? 350 Background Checks 352 Summary of Reference Calls for FCM 353 CHAPTER 12 Hedge Fund Scoring Model and Decision Making 357 Hedge Fund Scoring Model 358 Putting It All Together 374 About the Author 379 Index 381
... weniger
Autoren-Porträt von Frank J. Travers
FRANK J. TRAVERS, CFA, is a portfolio manager at Larch Lane Advisors. He has over two decades of experience analyzing traditional long-only, private equity, and hedge fund strategies. Previously, he was the director of research at First Peninsula Capital and a portfolio manager at Pine Street Advisors and CIC Group. Additionally, he held positions as the director of due diligence at CIBC World Markets, associate director of international equity research at Evaluation Associates, and senior analyst positions at Morgan Stanley Asset Management and RCB Trust. Travers is the author of Investment Manager Analysis: A Comprehensive Guide to Portfolio Selection, Monitoring, and Optimization, also published by Wiley. He received his BS in finance from St. John's University and his MBA from Fordham University.
Bibliographische Angaben
- Autor: Frank J. Travers
- 2012, 1. Auflage, 416 Seiten, Englisch
- Verlag: John Wiley & Sons
- ISBN-10: 1118227107
- ISBN-13: 9781118227107
- Erscheinungsdatum: 14.08.2012
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
eBook Informationen
- Dateiformat: PDF
- Größe: 2.98 MB
- Mit Kopierschutz
Sprache:
Englisch
Kopierschutz
Dieses eBook können Sie uneingeschränkt auf allen Geräten der tolino Familie lesen. Zum Lesen auf sonstigen eReadern und am PC benötigen Sie eine Adobe ID.
Kommentar zu "Hedge Fund Analysis / Wiley Finance Editions"
Schreiben Sie einen Kommentar zu "Hedge Fund Analysis / Wiley Finance Editions".
Kommentar verfassen