The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.
This book walks you step by step through the process of evaluating and choosing funds, incorporating them into your portfolio in the right amounts, and making sure they give you the returns you expect and deserve.
GEORGE SOROS TAKES ON THE BANK OF ENGLAND George Soros's 1992 bet against the pound still stands as a centerpiece of hedge fund lore. It is also a valuable lesson in how hedge fund global macro strategies are executed.
The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors ...
Handbook of hedge funds François-Serge Lhabitant "With the Handbook of Hedge Funds, François-Serge Lhabitant has created the fundamental guide to hedge fund investments.
This guide, written by a leading financial journalist, deftly explains all you need to know about hedge funds in order to understand the nature of their business.
This authoritative resource surveys federal securities laws and rules applicable to the organization, capitalization and operations of private U.S. domestic investment partnerships that invest and trade mainly in the public securities ...
"--Narayan Y. Naik, London Business School "This book provides a useful and very timely overview of key aspects of the hedge fund industry.
In this Third Edition, Getting Started in Hedge Funds, Strachman provides an updated "how-to" guide for investors interested in hedge funds in this era of "new normal.
While the details of each funds' approach are carefully guarded trade secrets, this book draws the curtain back on the core building blocks of many hedge fund strategies Beyond the book's instructional goals, What Hedge Funds Do provides a ...
The integration of REITs in a global mixed-asset portfolio strategy improves the global performance in the long run (Lee, 2005; Ibbotson, 2002), even when the direct real estate returns are considered in the asset mix (Feldman, 2003; ...