A hedge fund is a fund that can take both long and short positions, use arbitrage, buy and sell undervalued securities, trade options or bonds and invest in almost any opportunity in any market where it foresees impressive gains at reduced risk. The primary aim of most hedge funds is to reduce volatility and risk while attempting to preserve capital and deliver positive returns under all market conditions. They are normally structured as a private investment partnership and a substantial minimum investment is required. In this book the author explains from an investor’s perspective the workings of hedge funds, their uses, risks and potential returns.
Book Details:
- Author: Franois-Serge Lhabitant
- ISBN: 9780470340301
- Year Published: 2002
- Pages: 280
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
A hedge fund is a fund that can take both long and short positions, use arbitrage, buy and sell undervalued securities, trade options or bonds and invest in almost any opportunity in any market where it foresees impressive gains at reduced risk. The primary aim of most hedge funds is to reduce volatility and risk while attempting to preserve capital and deliver positive returns under all market conditions. They are normally structured as a private investment partnership and a substantial minimum investment is required. In this book the author explains from an investor’s perspective the workings of hedge funds, their uses, risks and potential returns.
Hedge funds are the fastest growing sector of the financial industry yet are poorly understood even by market professionals. This book explains the mechanics, risks and rewards of hedge funds for investors. It also provides investors with the correct qualitative and quantitative tools to assess the usefulness of hedge funds, their potential and their risks.
Examines hedge funds from an investor’s perspective. * Gives investors the qualitative and quantitative tools with which to assess the uses of hedge funds. * Covers many topics not included in any other book on hedge funds such as the indices available, how to include in a traditional portfolio, database differences, non-transparency.
About the Author
Francois-Serge Lhabitant has substantial experience in risk management as both a practitioner and academic. He is Head of Quantitative Risk Management at Union Bancaire Privée, Geneva whilst he is also Professor of Risk Management at HEC, University of Lausanne. In addition to this he is Assistant Professor of Finance at Thunderbird, the American Graduate School of International Management and is one of the holders of the Deloitte & Touche Chair on Risk Management at the University of Antwerp. His previous experience includes being a Director of UBS/Global Asset Management