Free Download Hedge Funds: Insights in Performance Measurement, Risk Analysis, and Portfolio Allocation (1st Edition) By Greg Gregoriou, Georges Hübner, Nicolas Papageorgiou & Fabrice Rouah
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Hedge Funds: Insights in Performance Measurement, Risk Analysis, and Portfolio Allocation (Wiley Finance)
by Greg N. Gregoriou (Author), Georges Hübner (Author), Nicolas Papageorgiou (Author), Fabrice D. Rouah (Author)
To succeed, readers must have a solid understanding of hedge funds, regardless of whether they are new to investing in them or have prior experience with them. To give readers the most recent research in this area, Hedge Funds brings together more than thirty of the best academics and practitioners in the hedge fund sector. Their analysis covers a wide range of subjects, including risk/return issues, portfolio allocation, and novel approaches to performance measurement. Despite the technical nature of parts of the material, emphasis is placed on comprehending and applying the findings as well as theoretical advancements. Hedge Funds helps readers get the most out of this versatile investment instrument by offering in-depth analysis and professional guidance.
Reviews of Editorials
From the Flap Inside
Hedge funds have grown even more alluring to both institutional and individual investors in recent years. Their risk/reward profiles make sense in the current volatile financial landscape, and they have unmatched success in both bull and bear markets. To succeed as much as possible, you need to have a solid grasp of hedge funds, whether you’re working with them or considering investing in them. Over thirty of the leading hedge fund industry practitioners and scholars are gathered by editors Greg N. Gregoriou, Georges Hübner, Nicolas Papageorgiou, and Fabrice Rouah in Hedge Funds to give you the most recent research in this area.
This guide, which is organized into five thorough sections, highlights some of the most significant problems that modern hedge fund practitioners and scholars face. Their individual study covers a wide range of subjects, including risk/return issues, portfolio allocation, and novel approaches to evaluating hedge fund performance. Even though some of the material is technical, such as statistical and economic models, emphasis is placed on comprehending and applying the findings as well as theoretical advancements.
The following subjects are covered:
- Adding hedge funds to a conventional portfolio
- Allocation of hedge funds during periods of increased moment and illiquidity
- Using technology for securitization in hedge funds
- Typical hedge fund factor strategies
- Evaluation of global assets’ risk-adjusted performance
- Fat tail risk in hedge fund portfolios
- The problem of stale pricing and hedge funds
Whether you’re a high-net-worth individual or an institutional investor, hedge funds can help you maximize this versatile investment vehicle with their wealth of in-depth knowledge and professional guidance.
From the Back Cover
Appreciation of Hedge Funds “Yet another fantastic compilation of research papers on hedge fund-related quantitative topics, including risk management, performance evaluation, and portfolio allocation! Anyone who is truly interested in the world of hedge funds should read this book.
Assistant Professor of Finance Vikas Agarwal of Georgia State University’s J. Mack Robinson College of Business
“Over the past few years, we have made significant progress in understanding the characteristics of hedge funds as an asset class, but there are still many unsolved concerns. This timely compilation of significant publications addresses a wide range of subjects, such as performance evaluation, risk assessment, and hedge fund investment. This will be a great source of innovative ideas for both practitioners and scholars.
Chris Brooks, a finance professor at City University of London’s Cass Business School
“A growing number of institutional and affluent private investors are looking to split their alpha and beta and diversify their exposure to stocks and bonds, despite the ongoing demonization of hedge funds in the media. In less efficient markets, such as those in the hedge fund industry, investors are obtaining exposure to traditional asset classes through inexpensive, passive methods and earning a premium to that return through active investment management strategies. Every facet of this structural shift in the investment management sector is covered in this book.
Author of Absolute Returns and Managing Director of UBS Investment Research, Alexander M. Ineichen, CFA, CAIA
“The hedge fund industry is rapidly changing from a cottage sector to a mature one. This is the most thorough summary of the major concerns facing the hedge fund business today. Any professional asset manager or institutional investor should read this compilation.
LJH Global Investments, LLC’s founder, president, and chief investment officer is James Hedges.
“This is the book to have if you want to comprehend the risk and return sources related to hedge funds. A group of professionals with backgrounds in finance and statistics analyze hedge funds from several angles. Anyone who wants to understand how hedge fund portfolios and individual hedge funds produce returns should read this book.
Chairman of the Foundation for Managed Derivatives Research, Richard E. Oberuc
About the Author
GREG N. GREGORIOU is an associate professor of finance and the coordinator of faculty research at the State University of New York, Plattsburgh’s School of Business and Economics. He graduated from Concordia University with a bachelor’s degree in economics and the University of Quebec in Montreal with an MBA and a PhD in finance. In addition to serving as the hedge fund editor and a member of the editorial board for Derivatives Use, Trading and Regulation (London), he is an associate of the Peritus Group in Montreal. In addition to coauthoring and coediting four books, Gregoriou has authored more than forty papers about hedge funds and CTAs.
George HÜbner is the Deloitte Professor of Financial Management at the University of Liège’s HEC Business School. In addition, he has affiliate professorships in finance at EDHEC Business School and associate professorships in finance at the University of Maastricht. He has authored two books on financial management and numerous peer-reviewed research articles on derivatives and hedge funds. Hübner graduated from INSEAD with a PhD in management.
NICOLAS PAPAGEORGIOU has been an Assistant Professor in the Department of Finance at HEC Montreal since completing his PhD at the ISMA Centre, The University of Reading, UK, in 2002. The modeling of corporate credit risk and the empirical assessment of models for pricing corporate liabilities and credit derivatives were the main topics of his PhD dissertation. Papageorgiou has produced numerous articles and book chapters on the performance metrics of alternative funds, particularly hedge funds and CTAs, and he is also interested in alternative fund management.
FABRICE ROUAH is a PhD candidate in finance at McGill University and an Institut de Finance Mathématique de Montréal (IFM2) Scholar. He is a consulting statistician and former academic lecturer with expertise in statistical and stochastic modeling of managed futures, hedge funds, and CTAs.
Product details
Publisher : Wiley; 1st edition (August 26, 2005)
Language : English
