Hedge funds are perhaps the hottest topic in finance today, but little material of substance to date has been written on the topic. Most books focus on how to set up a hedge fund and the basic strategies, while few to none focus on what matters most: generating and understanding investment performance. This book takes an exclusive look at the latter, including an analysis of the areas that are most likely to generate strong investment returns — namely, the emerging markets of Brazil, Russia, India and China. The book will be invaluable to not only financial professionals, but anyone interested in learning about hedge funds and their future.
Sample Chapter(s)
Chapter 1: Introduction (202 KB)
Contents:
- Generating Performance:
- Introduction
- Hedge Fund Research vs. Traditional Research
- Achieving Hedge Fund Alpha in Brazil
- Achieving Hedge Fund Alpha in Russia
- Achieving Hedge Fund Alpha in India
- Achieving Hedge Fund Alpha in China
- Using Derivatives to Create Alpha
- Best Execution of Hedge Fund Strategies
- Growth of the Hedge Fund Management Company: Evolving from a Single Strategy Hedge Fund to a Multistrategy Hedge Fund or Multiple Funds
- Fund of Hedge Funds
- Understanding Performance:
- The Psychology of Hedge Fund Managers
- Risk Management for Hedge Funds
- Hedge Fund Due Diligence
- From Birth to Death: The Lifecycle of a Hedge Fund Investment Strategy
- The Future of Hedge Funds: Seven Emerging Trends (M D Eichen & J M Longo)
- Appendices:
- Internet Sites for Hedge Fund Managers
- Reading List for Hedge Fund Managers
- Sample Manager Background Report
Readership: Professionals and practitioners in the finance industry; undergraduate and graduate students, researchers and academics interested in investments, particularly in the management of hedge funds.
“What is particularly unique and appealing about this book is Longo's skillful combination of the portfolio manager's and the investor's perspectives. Those perspectives represent two sides of the same coin, and this book will benefit anyone who is familiar with only one side of it … The title of the book suggests an ambitious agenda covering a broad set of topics, and this breadth is achieved. A rigid structure, stand-alone chapters, and numerous short sections within each chapter help the book live up to the promise of its title; it is, indeed, a ‘framework’.”
The Journal of The New York Society of Security Analysts
The Investment Professional
“Hedge Fund Alpha
is an invaluable resource for both managers and investors in one of the most dynamic segments of the capital markets. It concludes with an astute listing of changes likely to sweep the hedge fund industry in the next few years. If they come to pass, Longo's highly readable volume may soon require a new edition, which could put the book on the path to becoming a permanent and indispensable feature of the hedge fund world.”
Financial Analysts Journal