Hedge Fund Risk Fundamentals

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Hedge Fund Risk Fundamentals

Author : Richard Horwitz
ISBN : 9781576601631
Genre : Business & Economics
File Size : 36.77 MB
Format : PDF, ePub, Mobi
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In the constantly evolving hedge fund marketplace, nothing is more central?but in many ways, more amorphous and elusive?than risk. Yet there remains no standard for analyzing and measuring risk within this highly secretive, largely unregulated field, leaving the thousands of hedge funds?and the tens of thousands of hedge fund investors?in dangerously dim light. Hedge Fund Risk Fundamentals is the first book to bring these issues to the forefront. With clarity, concision, and minimal math, Richard Horwitz lays out the key components and the cutting-edge processes in the field of hedge fund risk management today. Against that backdrop he presents a groundbreaking utility destined to set the standard for transparency and risk management within the hedge fund universe.
Category: Business & Economics

Market Risk Management For Hedge Funds

Author : Francois Duc
ISBN : 9780470740798
Genre : Business & Economics
File Size : 31.25 MB
Format : PDF
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This book provides a cutting edge introduction to market risk management for Hedge Funds, Hedge Funds of Funds, and the numerous new indices and clones launching coming to market on a near daily basis. It will present the fundamentals of quantitative risk measures by analysing the range of Value-at-Risk (VaR) models used today, addressing the robustness of each model, and looking at new risk measures available to more effectively manage risk in a hedge fund portfolio. The book begins by analysing the current state of the hedge fund industry - at the ongoing institutionalisation of the market, and at its latest developments. It then moves on to examine the range of risks, risk controls, and risk management strategies currently employed by practitioners, and focuses on particular risks embedded in the more classic investment strategies such as Long/Short, Convertible Arbitrage, Fixed Income Arbitrage, Short selling and risk arbitrage. Addressed along side these are other risks common to hedge funds, including liquidity risk, leverage risk and counterparty risk. The book then moves on to examine more closely two models which provide the underpinning for market risk management in investment today - Style Value-at-Risk and Implicit Value-at-Risk. As well as full quantitative analysis and backtesting of each methodology, the authors go on to propose a new style model for style and implicit Var, complete with analysis, real life examples and backtesting. The authors then go on to discuss annualisation issues and risk return before moving on to propose a new model based on the authors own Best Choice Implicit VaR approach, incorporating quantitative analysis, market results and backtesting and also its potential for new hedge fund clone products. This book is the only guide to VaR for Hedge Funds and will prove to be an invaluable resource as we embark into an era of increasing volatility and uncertainty.
Category: Business & Economics

A Guide To Starting Your Hedge Fund

Author : Erik Serrano Berntsen
ISBN : 9781119064886
Genre : Business & Economics
File Size : 57.46 MB
Format : PDF, Kindle
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Successful hedge fund investing begins with well-informedstrategy A Guide to Starting Your Hedge Fund is a practical,definitive "how-to" guide, designed to help managers design andlaunch their own funds, and to help investors select and diligencenew funds. The first book to examine the practical aspects ofsetting up and operating funds with a focus on energy commoditymarkets, this book scrutinises the due diligence process andcomprehensively reviews the opportunities and risks of all energycommodity markets as hedge fund investments. Extensive planning andstrategy advice prove invaluable to prospective fund managers andinvestors alike, and detailed discussion of the markets'constraints help inform procedural decisions. Readers gain insightinto practical matters including legal and commercial structures,due diligence, fund raising, operations, and more, allowing them toconstruct a concrete investment plan before ever touching apenny. Asset managers are looking to energy commodities to provideattractive uncorrelated – if volatile – returns. Thesehigh returns, however, are accompanied by high risk. Few investorshave experience evaluating these investment opportunities, and fewprospective fund managers understand the market fundamentals andtheir associated risks. This book provides the answers sorelylacking in hedge fund literature, giving investors and fundmanagers the background they need to make smarter decisions. Understand the markets' structures, opportunities, andrisks Develop a comprehensive, well-informed investment strategy Conduct thorough due diligence with a detailed plan Examine the practical aspects of fund raising, legal and taxstructure, and more Oil has long been traded by hedge funds, but electricity, thefuels that generate electricity, and the environmental productslike emissions allowances and weather derivatives have become thenew "hot" investment strategies. These high returns come withhigher risk, but A Guide to Starting Your Hedge Fund ensuresparticipants have essential information at their disposal.
Category: Business & Economics

Business Knowledge For It In Hedge Funds

Author : Essvale Corporation Limited
ISBN : 9780955412455
Genre : Business & Economics
File Size : 88.96 MB
Format : PDF, ePub
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Read : 925

A career in Hedge fund IT offers one of the best opportunities to work with the brightest and best in the financial services industry. This book covers the following topics: an overview of the hedge fund industry; trends in hedge funds; the business environment in hedge funds; and major players in the hedge fund industry.
Category: Business & Economics

Fundamentals Of Hedge Fund Investing

Author : William J. Crerend
ISBN : 0070135223
Genre : Business & Economics
File Size : 89.11 MB
Format : PDF, ePub, Mobi
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This authoritative overview, written for institutional investors and those with financial oversight responsibilities, reveals strategies, risks, and technical insights into the world of hedge fund investing. Key investment concepts such as evaluation techniques, monitoring tips, and indexation create a solid foundation for making informed investment decisions time after time.
Category: Business & Economics

Fundamentals Of Fund Administration

Author : David Loader
ISBN : 9780080468150
Genre : Business & Economics
File Size : 56.71 MB
Format : PDF, Docs
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Fundamentals of Fund Administration fills a gap in the lack of books that cover the administration and operations functions related to funds. With the growth of hedge funds globally there is more and more requirement for fund administration services, and the success of the fund administration is crucial to the success of the funds themselves in a highly competitive market. As the focus on operational risk, cost effective support and administration of trading and investment and the ability to design, develop and deliver added-value services for clients grows there is a need for a comprehensive analysis of what happens from trade to settlement and beyond and the exact role that the fund administrator may be required to provide. The book helps those responsible for managing and supervising fund administration services by examining the decisions, actions and problems at the various stages as well as explaining the products and infrastructure that services support. Concise, easy to read format explains extensive and complicated procedures with lively, easy to follow road maps Comprehensive reference work with extensive glossary of terms, useful website addresses and further reading recommendations Covers all the major stages with detailed explanations of what is required for effective completion and regulatory compliance
Category: Business & Economics

Managing Hedge Fund Risk And Financing

Author : David P. Belmont
ISBN : 9780470827291
Genre : Business & Economics
File Size : 55.20 MB
Format : PDF, ePub, Docs
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The ultimate guide to dealing with hedge fund risk in a post-Great Recession world Hedge funds have been faced with a variety of new challenges as a result of the ongoing financial crisis. The simultaneous collapse of major financial institutions that were their trading counterparties and service providers, fundamental and systemic increases in market volatility and illiquidity, and unrelenting demands from investors to redeem their hedge fund investments have conspired to make the climate for hedge funds extremely uncomfortable. As a result, many funds have failed or been forced to close due to poor performance. Managing Hedge Fund Risk and Financing: Adapting to a New Era brings together the many lessons learned from the recent crisis. Advising hedge fund managers and CFOs on how to manage the risk of their investment strategies and structure relationships to best insulate their firms and investors from the failures of financial counterparties, the book looks in detail at the various methodologies for managing hedge fund market, credit, and operational risks depending on the hedge fund's investment strategy. Also covering best practice ISDA, Prime Brokerage, Fee and Margin Lock Up, and including tips for Committed Facility lending contracts, the book includes everything you need to know to learn from the events of the past to inform your future hedge fund dealings. Shows how to manage hedge fund risk through the application of financial risk modelling and measurement techniques as well as the structuring of financial relationships with investors, regulators, creditors, and trading counterparties Written by a global finance expert, David Belmont, who worked closely with hedge fund clients during the crisis and experienced first hand what works Explains how to profit from the financial crisis In the wake of the Financial Crisis there have been calls for more stringent management of hedge fund risk, and this timely book offers comprehensive guidelines for CFOs looking to ensure world-class levels of corporate governance.
Category: Business & Economics

Bloomberg Markets

Author :
ISBN : CORNELL:31924083436497
Genre : Bonds
File Size : 29.53 MB
Format : PDF, ePub, Docs
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Category: Bonds

Hedge Funds

Author :
ISBN : STANFORD:36105063217181
Genre : Law
File Size : 76.87 MB
Format : PDF, Kindle
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Hedge Fund Regulation helps you steer a safe course through the turbulence. Clearly explaining the federal and state standards governing the organization and operation of hedge funds, this much-needed guide helps to ensure that you follow the rules when you structure hedge funds; register, disclose and retain information; solicit and advertise to potential investors; use the Internet for capital-raising purposes; engage in various trading and investment activities; and pursue investment opportunities in adjacent markets.
Category: Law

Risk

Author :
ISBN : CORNELL:31924083381750
Genre : Risk management
File Size : 26.81 MB
Format : PDF, ePub, Docs
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Category: Risk management

The Fundamentals Of Hedge Fund Management

Author : Daniel A. Strachman
ISBN : 9781118239230
Genre : Business & Economics
File Size : 40.72 MB
Format : PDF
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Updated edition of the book that gives investors, advisors, and managers the tools they need to launch and maintain a hedge fund in today's economy The hedge fund industry has gone through dramatic changes in recent years. Investors of all types continue to want to place their assets into these investment vehicles even in the wake of the credit crisis, massive frauds, and insider trading scandals. Once the forbidden fruit of Wall Street, hedge funds are now considered "must have" investments in any diversified portfolio. Now in its second edition, The Fundamentals of Hedge Fund Management is revised and updated to address how the credit crisis, legislation, fraud, technology, investor demand, global markets, and the economic landscape have affected the industry. Providing readers with a detailed and in-depth analysis of the world of hedge funds, the people working in it, and a look at where it's headed, the book is a timely and indispensable reference and research tool for helping professional money managers, traders, and others to launch and grow successful hedge fund businesses. Addresses how the credit crisis and its fallout has affected the hedge fund industry and what this means for the future Provides the essential information needed to launch and maintain a successful hedge fund in the new global economy Walks the reader through running a hedge fund, helping you to gain success over years, not just months An essential resource for anyone looking to invest in these much-discussed investment products, The Fundamentals of Hedge Fund Management, Second Edition is now fully revised and updated.
Category: Business & Economics

Fundamentals Of Enterprise Risk Management

Author : John Hampton
ISBN : 9780814449042
Genre : Business & Economics
File Size : 72.73 MB
Format : PDF
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One thing that will never change about the business world is the presence of risk. But risk management has changed dramatically since the 2008 financial crisis. . .and new developments in technology and communications demand up-to-the-minute approaches for defending against threats-and seizing opportunities. Extensively updated, the second edition of Fundamentals of Enterprise Risk Management examines the latest technologies such as Riskonnect and High Tech Electronic Platform (HTEP), and helps readers recognize both internal and external exposures, understand crucial concepts such as risk mapping and risk identification, and align risk opportunities with their organization's business model. Packed with practical exercises and fresh case studies from organizations such as IBM, Microsoft, Apple, JPMorgan Chase,and Sony-as well as new material on topics including the new role of Risk Owner, cutting-edge collaboration methods, and the upside of risk-this critical guide provides readers with the tools and information they need to keep their organizations as blissfully risk-free as possible.
Category: Business & Economics

Financial Product Fundamentals

Author : Clifford E. Kirsch
ISBN : 0872241254
Genre : Law
File Size : 69.75 MB
Format : PDF
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Financial Product Fundamentals helps you stay on top of securities laws applicable to different instruments, comply with specific requirements more easily, and qualify for legal exemptions that can ease your compliance burden.
Category: Law

Fund Of Funds Investing

Author : Daniel A. Strachman
ISBN : 0470564407
Genre : Business & Economics
File Size : 30.80 MB
Format : PDF
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Valuable guidance on fund of funds investing While capital markets have become more complex, investors are still looking to increase portfolio performance without increasing risk. Fund of funds investing is one such avenue to pursue. This practical guide provides you with the tools needed to understand and evaluate your investments in this often opaque area of finance. In Fund of Funds Investing, hedge fund expert Daniel Strachman and fund of funds manager Richard Bookbinder offer valuable insights into this world through an industry overview and review of essential issues including due diligence, risk and portfolio management, and multi-strategy funds. Outlines strategies that will help you invest directly in a wide range of hedge funds Other titles by Strachman: The Fundamentals of Hedge Fund Management, Essential Stock Picking Strategies, The Long and Short of Hedge Funds, Julian Robertson, and Getting Started in Hedge Funds, Second Edition Based on extensive interviews by the authors as well as their experiences in this field Funds of Funds Investing is an important guide to one of the most misunderstood areas of modern finance.
Category: Business & Economics