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With more than 8,000 hedge funds in existence today, the process of identifying, analyzing, allocating, and actively monitoring a short list of funds that meet your specific needs is harder than ever before.
While effective hedge fund analysis can be conducted in various ways and employ a myriad of models and techniques, the basic elements of the process are always the same. It requires answering essential questions that involve all aspects of the hedge fund business, including personnel, underlying investment strategy and risk, competitive advantages or "edge," back office and operations, administration, legal matters, financial issues, marketing, client service, transparency, liquidity, reporting, and more.
With over two decades of experience analyzing alternative and traditional investment strategies and managers, author Frank Travers knows what it takes to excel at this difficult endeavor. And now, with Hedge Fund Analysis, he shares his extensive insights with you.
Divided into two informative parts, this comprehensive resource provides background information—including the history of hedge funds, a discussion of their pros and cons, and how the asset class fits into diversified institutional portfolios—in Part One, and then moves on to detail a template for hedge fund due diligence in Part Two. To illustrate how the process works, Travers has created a fictional hedge fund organization and takes you through each step of the due diligence process, peeling back the onion one layer at a time so that you'll ultimately discover how to distill the massive amounts of information you're bombarded with and make informed and intelligent investment decisions. Throughout the book, you'll gain valuable insights on:
Data collection and interviewing techniques
Performance and strategy analysis
Operational and risk assessments
Legal and financial analysis
Quantitative hedge fund scoring
And much more
Created for the serious financial professional as well as anyone else looking to evaluate and understand how hedge funds work, this no-nonsense guide will put you in a better position to excel in this competitive arena.
Synopsis:
Praise for Hedge Fund Analysis
"A comprehensive and thoughtful, step-by-step guide to finding, evaluating, and performing due diligence on hedge funds, written by a seasoned professional. With its practical, real-life examples and its valuable insights into the industry, it should be a must-read for investors interested in hedge funds."
—Frank Brochin, Chief Investment Officer, StoneWater Capital LLC
"Hedge Fund Analysis is a clear, concise, and thorough review of the due diligence process and serves as an excellent guide for anyone looking to identify talent in this opaque corner of the investment universe. The book provides a valuable introduction to a complicated exercise for those new to the industry and is an excellent refresher for the experienced analyst."
—D. Jeffrey Dramstad, CFA, Director, Investment Strategy and Due Diligence, Clark Enterprises, Inc.
"Conducting thorough analysis of all aspects of a hedge fund can be a challenging, multidisciplinary exercise. This book provides a great introduction for investors seeking to evaluate both investment and operational risks in hedge funds, and highlights the importance of detailed operational due diligence."
"Travers provides a comprehensive, yet accessible guide to hedge fund analysis that belongs on the reference shelf of any investor."
—Meredith Jones, Director, Rothstein Kass
"Hedge Fund Analysis is a thoughtful, thorough book on the hedge fund industry and manager selection process. Travers explains in plain English and great detail the difficult process of finding and selecting a strong hedge fund manager. This book is a must-read for anyone trying to select a hedge fund manager."
—Christopher Ainsworth, President, California Hedge Fund Association
Synopsis:
A detailed, step-by-step book covering the entire hedge fund evaluation process
Investing in hedge funds is different from investing in other asset classes. There is much less publicly available information about hedge funds performance than there is about mutual funds or individual stocks. Consequently, investing in this class requires more sophisticated investment knowledge, greater due diligence, and, in many cases, a better-developed ability to evaluate investment managers.
Hedge Fund Analysis provides a broad framework of how to approach this endeavor, from initial screening to analytical techniques, interviewing skills, and legal and contract negotiations. Along the way, it demonstrates a variety of mechanisms for monitoring and tracking hedge funds and the underlying hedge fund portfolios—explaining each stage of the process in minute detail and providing specific examples which fully explain the opportunities and challenges you'll face each step of the way.
Provides a detailed look at how to source hedge funds, screen through them, and rank their strengths and weaknesses
Lays out a thorough process for evaluating funds, from initial interviews to performance analysis to onsite meetings
Reveals what questions to ask by strategy in order to understand the underlying risk factors associated with each
Highlights non-investment analysis, including operational due diligence and risk management, as integral elements in the process
Written by a financial professional with over twenty years of experience conducting investment manager due diligence, this book will put you in a position to make more informed decisions when investing in hedge funds.
FRANK J. TRAVERS, CFA, is a portfolio manager at Larch Lane Advisors. He has over two decades of experience analyzing traditional long-only, private equity, and hedge fund strategies. Previously, he was the director of research at First Peninsula Capital and a portfolio manager at Pine Street Advisors and CIC Group. Additionally, he held positions as the director of due diligence at CIBC World Markets, associate director of international equity research at Evaluation Associates, and senior analyst positions at Morgan Stanley Asset Management and RCB Trust. Travers is the author of Investment ManagerAnalysis: A Comprehensive Guide to PortfolioSelection, Monitoring, and Optimization, also published by Wiley. He received his BS in finance from St. John's University and his MBA from Fordham University.
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o management, fund of fund, hedge fund of fund, fund of hedge fund, hedge fund history, long bias, convertible arbitrage, global macro, CTA, commodity trading advisor, relative value, short bias, fixed income arbitrage, equity market neutral, merger arbit
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long/short, operational due diligence, scoring model, alternative investments, quantitative analysis, hedge fund risks, hedge fund risk, portfolio management, fund of fund, hedge fund of fund, fund of hedge fund, hedge fund history, long bias, convertible
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e fund history, long bias, convertible arbitrage, global macro, CTA, commodity trading advisor, relative value, short bias, fixed income arbitrage, equity market neutral, merger arbitrage, activist strategy, distressed strategy, high yield strategy, multi
Subject:
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nce, scoring model, alternative investments, quantitative analysis, hedge fund risks, hedge fund risk, portfolio management, fund of fund, hedge fund of fund, fund of hedge fund, hedge fund history, long bias, convertible arbitrage, global macro, CTA, com
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Business, Investing
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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Subject:
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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nd history, long bias, convertible arbitrage, global macro, CTA, commodity trading advisor, relative value, short bias, fixed income arbitrage, equity market neutral, merger arbitrage, activist strategy, distressed strategy, high yield strategy, multi str
Subject:
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
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frank travers, screening hedge funds, hedge fund analysis, hedge fund due diligence process, hedge fund due diligence, due diligence, evaluating hedge funds, monitoring hedge funds, tracking hedge funds, interviewing hedge fund managers, source hedge fund
Wiley Finance #778: Hedge Fund Analysis: An In-Depth Guide to Evaluating Return Potential and Assessing Risks
New Hardcover
Frank J. Travers
0 stars -
0 reviews
$95.00
In Stock
Product details
416 pages
John Wiley & Sons -
English9781118175460
Reviews:
"Synopsis"
by Wiley,
Praise for Hedge Fund Analysis
"A comprehensive and thoughtful, step-by-step guide to finding, evaluating, and performing due diligence on hedge funds, written by a seasoned professional. With its practical, real-life examples and its valuable insights into the industry, it should be a must-read for investors interested in hedge funds."
—Frank Brochin, Chief Investment Officer, StoneWater Capital LLC
"Hedge Fund Analysis is a clear, concise, and thorough review of the due diligence process and serves as an excellent guide for anyone looking to identify talent in this opaque corner of the investment universe. The book provides a valuable introduction to a complicated exercise for those new to the industry and is an excellent refresher for the experienced analyst."
—D. Jeffrey Dramstad, CFA, Director, Investment Strategy and Due Diligence, Clark Enterprises, Inc.
"Conducting thorough analysis of all aspects of a hedge fund can be a challenging, multidisciplinary exercise. This book provides a great introduction for investors seeking to evaluate both investment and operational risks in hedge funds, and highlights the importance of detailed operational due diligence."
"Travers provides a comprehensive, yet accessible guide to hedge fund analysis that belongs on the reference shelf of any investor."
—Meredith Jones, Director, Rothstein Kass
"Hedge Fund Analysis is a thoughtful, thorough book on the hedge fund industry and manager selection process. Travers explains in plain English and great detail the difficult process of finding and selecting a strong hedge fund manager. This book is a must-read for anyone trying to select a hedge fund manager."
—Christopher Ainsworth, President, California Hedge Fund Association
"Synopsis"
by Wiley,
A detailed, step-by-step book covering the entire hedge fund evaluation process
Investing in hedge funds is different from investing in other asset classes. There is much less publicly available information about hedge funds performance than there is about mutual funds or individual stocks. Consequently, investing in this class requires more sophisticated investment knowledge, greater due diligence, and, in many cases, a better-developed ability to evaluate investment managers.
Hedge Fund Analysis provides a broad framework of how to approach this endeavor, from initial screening to analytical techniques, interviewing skills, and legal and contract negotiations. Along the way, it demonstrates a variety of mechanisms for monitoring and tracking hedge funds and the underlying hedge fund portfolios—explaining each stage of the process in minute detail and providing specific examples which fully explain the opportunities and challenges you'll face each step of the way.
Provides a detailed look at how to source hedge funds, screen through them, and rank their strengths and weaknesses
Lays out a thorough process for evaluating funds, from initial interviews to performance analysis to onsite meetings
Reveals what questions to ask by strategy in order to understand the underlying risk factors associated with each
Highlights non-investment analysis, including operational due diligence and risk management, as integral elements in the process
Written by a financial professional with over twenty years of experience conducting investment manager due diligence, this book will put you in a position to make more informed decisions when investing in hedge funds.
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