Synopses & Reviews
Hedge funds have always been characterized by limited accessibility,brilliant fund managers, and reports of unusually aggressivestrategies--along with the potential for unusually high returns. Overthe years, professional money managers and institutional and high-networth investors have committed sizable amounts of investment capitalto hedge funds. Unfortunately, far too many have done so without asolid understanding of both the opportunities and the risks inherentin this dynamic investment class. Fundamentals of Hedge Fund Investingbegins to unlock the world of hedge funds--the managers, thestrategies, and the investment itself. This uncommonly objectiveanalysis addresses crucial hedge fund questions, including: how toapproach the choice of a hedge fund manager appropriate for yourinvestment style and risk attitude; detailed descriptions of the typesof hedge fund strategies; examples of both generic and specific analysis useful for evaluating a hedge fund. As they consider theprospect of equities falling back to historical levels of return,institutional investors search for alternative methods of investing aswell as diversifying sizable portfolios. Hedge funds are gaining inacceptance and popularity. The authoritative and comprehensiveFundamentals of Hedge Fund Investing contains explanations of hedgefund basics as well as investing strategies and technical insights,and represents a quality resource in hedge fund information.
Review
"This is a good primer for the first-time investor or student who wishes to learn the history of hedge funds and the techniques used by hedge fund managers. The objective of this book is twofold. First, it presents the important facts regarding the myths of hedge funds in a manner most informative and useful to an actual or potential owner. Second, it seeks to reach dependable conclusions, based upon the facts and applicable standards, as to the safety and attractiveness of hedge funds and the potential pitfalls.
About the Author
William J. Crerend is one of the pioneers in investment consulting to U.S. institutions and high net worth individuals, with a career spanning over 40 years. Crerend was a co-founder and is currently Chairman Emeritus of Evaluation Associates, one of the preeminent firms in the field. He holds a degree in economics from Niagara University and an honorary Doctor of Commercial Science from the same institution.
Table of Contents
What Are Hedge Funds? Why Invest in Them? Quantitative and Qualitative Characteristics of Specific Hedge Fund Strategies. Who Manages Hedge Funds? Who Invests in Them? How to Invest in Hedge Funds. Evaluating Hedge Funds. Monitoring Hedge Funds. Hedge Fund Benchmarks. The Future of Institutional Investment in Hedge Funds.