1.

Record Nr.

UNINA9910455354503321

Autore

De Brouwer Gordon

Titolo

Hedge funds in emerging markets / / Gordon de Brouwer [[electronic resource]]

Pubbl/distr/stampa

Cambridge : , : Cambridge University Press, , 2001

ISBN

1-107-12301-1

0-521-16867-8

0-511-15398-8

0-511-49333-9

1-280-15938-3

0-511-04780-0

0-511-32816-8

0-511-11943-7

Descrizione fisica

1 online resource (xii, 228 pages) : digital, PDF file(s)

Disciplina

332.63/228

Soggetti

Hedge funds - Asia

Hedge funds - Australia

Hedge funds - New Zealand

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 08 Oct 2015).

Nota di bibliografia

Includes bibliographical references (p. 219-226) and index.

Nota di contenuto

; 1. The issues -- ; 2. What is a hedge fund? -- ; 3. Hedge funds in east Asia -- ; 4. Hong Kong -- ; 5. Indonesia, Malaysia and Singapore -- ; 6. Australia and New Zealand -- ; 7. Models of market dynamics -- ; 8. Inferring hedge fund positions from returns data -- ; 9. Looking forward.

Sommario/riassunto

Hedge funds are among the most innovative and controversial of financial market institutions. Largely exempt from regulation and shrouded in secrecy, they are credited as having improved efficiency and add liquidity to financial markets, but also having severely destabilised markets following the Asian financial crisis and the near collapse of long-term capital management. De Brouwer presents a nuanced and balanced account to what is becoming an increasingly politicised and hysterical discussion of the subject. Part I explains the



workings of hedge funds. Part II focuses on the activities of macro hedge funds and proprietary trading desks in East Asia in 1997 and 1998, with case study material from Hong Kong, Indonesia, Malaysia, Singapore, Australia and New Zealand. Part III of the book looks at the future of hedge funds, their role for institutional investors, and policy proposals to limit their destabilising effects.