One of the fastest growing investment sectors ever seen, hedge funds are considered by many to be exotic and inaccessible. This book provides an intensive learning experience, defining hedge funds, explaining hedge fund strategies while offering both qualitative and quantitative tools that investors need to access these types of funds. Topics not usually covered in discussions of hedge funds are included, such as a theoretical discussion of each hedge fund strategy followed by trading examples provided by successful hedge fund managers. The book takes a very empirical approach to the complex world of hedge funds.
Book Details:
- Author: Filippo Stefanini
- ISBN: 9780470026274
- Year Published: 2006
- Pages: 336
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
One of the fastest growing investment sectors ever seen, hedge funds are considered by many to be exotic and inaccessible. This book provides an intensive learning experience, defining hedge funds, explaining hedge fund strategies while offering both qualitative and quantitative tools that investors need to access these types of funds. Topics not usually covered in discussions of hedge funds are included, such as a theoretical discussion of each hedge fund strategy followed by trading examples provided by successful hedge fund managers. The book takes a very empirical approach to the complex world of hedge funds.
Hedge funds are one of the fastest growing sectors in the investment world, and yet shrouded in secrecy. After a few turbulent years, hedge funds are now more accessible than ever before and are being adopted with increased confidence and vigour In 2004 the amount of money managed by hedge funds passed the $1 trillion mark. Hedge funds use alternative strategies such as selling short, arbitrage, trading options or derivatives, using leverage, investing in undervalued securities, trading commodity and FX contracts and attempting to take advantage of the spread between current market prices and the ultimate purchase price they can be extremely risky investments but also extremely profitable. Hedge funds are relatively unregulated pools of capital, they typically invest in very liquid assets and allow investors to leave at any time
A very hot topic on which very little informed and impartial information is currently available Gives investors the qualitative and quantitative tools with which to assess the uses of hedge funds Includes trading strategies from successful hedge fund managers
About the Author
Filippo Stefanini is the Head of Research at Eurizon AI SGR where he is responsible for analysing, selecting and monitoring hedge funds and newcits funds. Eurizon AI SGR SpA is the alternative investment company of the banking group Intesa San Paolo and specialises in managing funds of hedge funds. He has been a lecturer in Risk Management at the University of Bergamo (Italy) since 2007. Filippo Stefanini was the Deputy Chief Investment Officer and Head of Asset Allocation at Aletti Gestielle Alternative SGR from 2001 to mid 2008. He previously worked as a consultant for Accenture in the Asset Management and Investment Banking areas. Filippo is the author of Investment Strategies of Hedge Funds and Newcits: Investing in UCITS Compliant Hedge Funds, both published by John Wiley I fondi newcits, Hedge Funds: strategie di investimento and Hedge Funds: Investire per generare rendimenti assoluti.