Edited by
Izzy Nelken, A world renowned expert in financial mathematics and President of Super Computer Consulting, Inc - customized software solutions, seminars
and special purpose consulting services for the financial services industry.
Description
There has been a tremendous growth in the Hedge Fund industry in recent years. It is estimated that there are more than 8000 Hedge Funds
in the US alone. They have grown in popularity since the bear market of the early 2000s which convinced many people that they cannot
just own stocks outright or inside mutual funds.
Most investors understand mutual funds. They understand that the manager selects
stocks and buys them. They also understand why they made (or lost) money in their mutual fund investments. The same thing cannot be said
about Hedge Funds which come in a variety of flavors. Even savvy investors are often hard pressed to explain the sources of return on
their Hedge Funds.
This book should be read by anyone who has invested in, or is considering an investment in, a Hedge Fund and also
by anyone who is considering starting one. The book explains the different types of funds as well as covering the key issues in every
type of Hedge Fund.
This book covers the entire gamut of the Hedge Fund industry. The authors explain the different styles of Hedge
Funds (e.g. market neutral, convertible bond arbitrage, fixed income arbitrage and many more) and include a summary for each style of
fund. The book also explains what a “fund of funds” is, and covers the recently introduced capital guarantees and describes the capital
preservation concerns that are faced by investors.
Audience:
hedge fund managers
