Unraveling Hedge Fund Returns
Unraveling Hedge Fund Returns

Author: Jan Olszewski

Publisher:

Published: 2006

Total Pages: 29

ISBN-13:

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Interest in hedge funds has grown tremendously over the past decade. As the market for hedge funds broadens, academics and practitioners are looking for new ways to examine these new financial vehicles. Currently, to uncover the factors that drive hedge fund returns, analysts either implement explicit factor models or implicit factor models such as principal component analysis. In this report, the implicit factor model of independent component analysis is introduced to analyze hedge fund returns. Using 119 equity long/short managers, a number of independent components are extracted along with a number of principal components. A comparison is conducted between the implicit factors indicating that the independent components explain different characteristics of hedge fund returns than the principal components obtained. To show how the independent components and principal components work with factor analysis, a small sample of managers is taken from the 119 hedge funds and all three methods were implemented. Findings indicate that there is value added in implementing independent component analysis in the analysis of hedge fund returns.

All About Hedge Funds, Fully Revised Second Edition
All About Hedge Funds, Fully Revised Second Edition

Author: Ezra Zask

Publisher: McGraw Hill Professional

Published: 2013-01-04

Total Pages: 401

ISBN-13: 0071768327

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“Every investor stands to benefit from Zask’s long experience and winning narrative.” -- Donald H. Putnam, Managing Partner, Grail Partners LLC "An easy-to-understand history lesson and guide to the often misunderstood world of hedge funds . . . a no-nonsense explanation of the industry written so that just about anyone can understand it. I highly recommend it." -- Mitch Ackles, President of The Hedge Fund Association EVERYTHING YOU NEED TO KNOW TO FIND BIG PROFITS IN HEDGE FUNDS All About Hedge Funds, Second Edition, is an easy-to-understand introduction to using hedge funds in any investing strategy. Hedge fund founder and longtime expert on the subject Ezra Zask examines where the industry stands today and where it is headed to help you determine how best to use hedge funds in your own portfolio. All About Hedge Funds provides: A detailed history of the hedge fund industry Criticism--fair and unfair--of hedge funds Hedge fund investing strategies Information on using hedge funds to allocate your portfolio

Taxation of U.S. Investment Partnerships and Hedge Funds
Taxation of U.S. Investment Partnerships and Hedge Funds

Author: Navendu P. Vasavada

Publisher: John Wiley & Sons

Published: 2010-07-13

Total Pages: 309

ISBN-13: 0470642580

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A new, lucid approach to the formulation of accounting policies for tax reporting Unraveling the layers of complexity surrounding the formulation of accounting policies for tax reporting, Taxation of US Investment Partnerships and Hedge Funds: Accounting Policies, Tax Allocations and Performance Presentation enables your corporation to implement sound up-front accounting and tax policies in order to reduce the overall cost of CFO and legal functions within a U.S. Investment partnership. Understand the pitfalls and optimize across legitimate policies that are consistent with the IRS regulations Presents a clear roadmap for accounting, tax policies, tax filing and performance presentation for US investment partnerships and hedge funds Providing tremendous understanding to a complex topic, Taxation of US Investment Partnerships and Hedge Funds is guaranteed to demystify the inner workings of the formulation of accounting policies for tax reporting.

The World of Hedge Funds
The World of Hedge Funds

Author: H. Gifford Fong

Publisher: World Scientific

Published: 2005

Total Pages: 217

ISBN-13: 9812563776

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The World of Hedge Funds is a compendium of distinguished papers focusing on the cutting-edge analysis of hedge funds. This area is arguably the fastest growing source of funds in the investment management arena. It represents an exciting opportunity for the investor and manager in terms of the range of return and risk available. A source of rigorous analysis is therefore both sought after as well as needed. This book aims to fill this gap by presenting an eclectic collection of papers contributed by influential academics and practitioners covering the characteristics and problems of hedge funds.

Hedge Funds
Hedge Funds

Author: Harold Kent Baker

Publisher: Oxford University Press

Published: 2017

Total Pages: 697

ISBN-13: 0190607378

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Hedge Funds: Structure, Strategies, and Performance spans the gamut from theoretical to practical coverage of an intriguing but often complex subject and provides insights into the field from leading experts around the world.

Absolute Returns
Absolute Returns

Author: Alexander M. Ineichen

Publisher: John Wiley & Sons

Published: 2002-11-29

Total Pages: 530

ISBN-13: 0471432547

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"Absolute Returns" ist ein praktischer Leitfaden zu den Risiken und Gewinnmöglichkeiten im Bereich Hedge Funds. Mit diesem Buch lernen Sie, solide Entscheidungen für Investitionen in Hedge Funds zu treffen. Autor Alexander Ineichen erläutert ausführlich, was Hedge Funds sind, wie diese Fonds den Markt übertreffen können, und welche Risiken sie für den Investor bergen. Er erklärt auch, wie Hedge Funds als alternative Investments mit traditionellen Portfolios kombiniert werden können, um auf diese Weise hervorragende Risiko-Rendite-Eigenschaften zu erreichen. Ausserdem beschreibt er, welche neuen Strategien Hedge Funds einsetzen, um überdurchschnittliche Renditen zu erzielen. Einfach, verständlich und nachvollziehbar geschrieben.

Hedge Funds
Hedge Funds

Author: Andrew W. Lo

Publisher: Princeton University Press

Published: 2010-07-01

Total Pages: 388

ISBN-13: 140083581X

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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.

Fundamentals of Hedge Fund Investing
Fundamentals of Hedge Fund Investing

Author: William J. Crerend

Publisher: McGraw Hill Professional

Published: 1998

Total Pages: 212

ISBN-13: 9780070135222

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Analyzing the five common investment strategies with historical performance results, this text presents discussions of all legal forms of hedge funds with particular emphasis on domestic funds. It also explains quantitative and qualitative strategies for evaluating fund managers.

Top Hedge Fund Investors
Top Hedge Fund Investors

Author: Cathleen M. Rittereiser

Publisher: John Wiley & Sons

Published: 2010-06-03

Total Pages: 245

ISBN-13: 0470637145

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A professional's guide to the world of hedge fund investing Throughout the financial crisis of 2008, many hedge funds suffered massive losses and were often blamed for the extreme market upheavals. In the wake f the crisis, hedge funds remain a source of fascination for the media, legislators, and investors, mostly due to misunderstanding. Historically portrayed as risky investment funds for the very wealthy run by swashbuckling traders, the truth is hedge funds are simply an investment vehicle designed to generate superior returns and reduce an investor's overall portfolio risk. Investors have good reasons to remain fascinated with hedge funds. Although many individual funds have underperformed or collapsed, hedge funds as a whole have provided solid returns while reducing risks. Savvy institutions have invested in hedge funds for many years and have made them a large and powerful force in the markets. Investing in hedge funds requires sophisticated knowledge, understanding, skill, access, and experience. Individuals and institutions, whether they are new to hedge funds or need to improve, can find those attributes in the stories of the successful hedge fund investors profiled in Hedge Fund Investors. Hedge Fund Investors chronicles the challenges and rewards these investors face, in selecting hedge fund managers, managing risks, and constructing portfolios. In revealing conversations, leading hedge fund investors who place hundreds of billions of dollars in hedge funds, share their philosophies, strategies, and advice. Profiles a variety of different investors from the pioneers in hedge fund investing to managers for high net-worth individuals and fund of funds investors Discusses winners and losers in the recent market decline, problematic hedge fund strategies, and how these current events will change future strategies Provides lessons, insights, and advice beneficial to all hedge fund investors Engaging and informative, Hedge Fund Investors will prove valuable to anyone involved in placing money with hedge funds, as well as hedge funds who seek to better understand their clients.