loading 
register   login

Hedge Funds: Definitive Strategies and Techniques (Wiley Finance)

by: IMCA
en

0471463094  9780471463092  9780471473428 

 


Hedge Funds: Definitive Strategies and Techniques (Wiley Finance)
By IMCA


 


Product Description:

A well-rounded hedge fund guide for the serious financial professional
Alternative investment strategies-hedge funds in particular-have experienced a significant resurgence recently, largely in response to the dramatic downturn of the global equity markets. In response to this explosion in popularity, this book focuses on many of the best moneymaking strategies related to these alternative investment vehicles.
IMCA (The Investment Management Consultants Association) is a professional association established in 1985, representing the investment consulting profession in the U.S. and Canada. Kenneth S. Phillips is a member of the IMCA Advisory Council and Managing Principal of Capital Partners, LLC. Ron Surz, CIMA, is a member of the IMCA Board of Directors and the President of PPCA Inc.



Summary: very general
Rating: 3

The writing is rather academic and a bit like a lecture. It's sort of like a primer on the topic. It is good in a sense, because it covers issues in a concise format but is not really for a trader



Summary: Ups and Downs of Investment Styles
Rating: 4

Written by hedge fund people and university researchers, this collection includes in-depth discussions of money-making techniques practiced by fund managers. It may not be for beginners, but offers practical insights for those with some knowledge of hedge funds.

The article on hedged equity strategies, for instance, classifies these by several characteristics such as the nature of a manager's research. The author then points out the pros and cons of each category, thereby clarifying key issues.

Another paper looks at global macro--the strategy made famous by George Soros. There is a common notion that the day of the giant macro fund is over and there will be nobody like Soros again. This author rejects the idea, arguing that potentially great macro managers are out there, waiting to be discovered.

Now that there is broader interest in hedge funds, books like this one can help demystify what these offer to investors who seek alternatives to mutual funds.