LEADER 05078nam 22006254a 450 001 9910143583703321 005 20170815123142.0 010 $a1-119-20118-7 010 $a1-280-34371-0 010 $a9786610343713 010 $a0-471-78989-5 035 $a(CKB)1000000000355405 035 $a(EBL)252326 035 $a(OCoLC)68968460 035 $a(SSID)ssj0000150737 035 $a(PQKBManifestationID)11153760 035 $a(PQKBTitleCode)TC0000150737 035 $a(PQKBWorkID)10281096 035 $a(PQKB)10729357 035 $a(MiAaPQ)EBC252326 035 $a(CaSebORM)9780471681717 035 $a(EXLCZ)991000000000355405 100 $a20050909d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEvaluating hedge fund performance$b[electronic resource] /$fVinh Q. Tran 205 $a1st edition 210 $aHoboken, N.J. $cJohn Wiley$dc2006 215 $a1 online resource (304 p.) 225 1 $aWiley finance series 300 $aDescription based upon print version of record. 311 $a0-471-68171-7 320 $aIncludes bibliographical references (p. 251-275) and index. 327 $aEvaluating Hedge Fund Performance; Contents; Foreword; Acknowledgments; Introduction; Part I: A Primer on Hedge Funds; Chapter 1: The Market Goes Up Forever?; FLAWS OF LONG-TERM INVESTING; WEALTH-REDUCING EFFECTS OF VOLATILITY; DIVERSIFICATION TO REDUCE RISKS; LONG-TERM INVESTING WITH LOW-CORRELATION ASSETS AND DOWNSIDE PROTECTION; Chapter 2: It's the Risk, Not the Return; NOT NECESSARILY HIGHER RETURNS; CONSISTENCY OF RETURNS; LOW CORRELATION WITH THE STOCK MARKET; PORTFOLIO EFFECTS OF HEDGE FUNDS; ALTERNATIVE INVESTMENTS IN UNCERTAIN MARKETS; WEALTH PRESERVATION 327 $aPROSPECTIVE LONG-TERM RETURNS AND RISKS OF STOCKSChapter 3: Going for the Gold; SIZE OF THE HEDGE FUND INDUSTRY; INVESTORS IN HEDGE FUNDS; WHAT ARE HEDGE FUNDS?; HEDGE FUND STRATEGIES; PERFORMANCE OF HEDGE FUNDS; Part II: Evaluating and Selecting Hedge Funds; Chapter 4: The Skewed Statistics of Hedge Fund Returns; PERCEPTION OF RISKS: NUMBERS AND REALITY; GAMING THE SHARPE RATIO; ALPHA: HOLY GRAIL OR WIZARD OF OZ?; RETURNS OF HEDGE FUNDS REVISITED; BENEFITS OF HEDGE FUNDS REVISITED; CONCLUSION; Chapter 5: Evaluating Hedge Fund Strategies; WHICH STRATEGIES?; IS IT UNCORRELATED, REALLY? 327 $aHOW NEUTRAL IS MARKET NEUTRALITY?MARKET RISKS OF HEDGE FUND STRATEGIES; LEVERAGE AND HEDGE FUND RETURNS; LOW CORRELATIONS: THE GOOD AND THE POOR; CONCLUSION; Chapter 6: Picking the Winners; SOURCING HEDGE FUNDS; PRELIMINARY SCREENING; STRATEGY ALPHA; ALPHA GENERATION AND MANAGER TALENT; DUE DILIGENCE; RISK AND PERFORMANCE MATRIX; BEYOND DUE DILIGENCE; CONCLUSION; Chapter 7: Constructing a Portfolio of Hedge Funds; EFFECTIVE DIVERSIFICATION TO REDUCE RISKS; HOW MUCH IN HEDGE FUNDS?; HOW MANY HEDGE FUNDS?; KNOW YOUR OBJECTIVES; HEDGE FUND PORTFOLIOS IN PRACTICE: CASE EXAMPLES 327 $aQUANTIFY YOUR JUDGMENTCONCLUSION; Part III: Evaluating Performance and Risks; Chapter 8: Evaluating the Performance of Your Hedge Funds; HOW WELL IS YOUR HEDGE FUND PORTFOLIO?; BASIC CONCEPTS OF PERFORMANCE MEASUREMENT; ISSUES DIRECTLY RELATED TO HEDGE FUNDS; MARKET AND HEDGE FUND INDEXES; KNOW YOUR HEDGE FUND MANAGERS OR KEY DRIVERS OF RETURNS; HEDGE FUND BENCHMARKS IN PRACTICE; EVALUATING PERFORMANCE: A HEURISTIC PROCESS; CONCLUSION; Chapter 9: Buyers Beware; THE MANY FACETS OF HEDGE FUNDS' RISKS; EVALUATING THE RISKS OF YOUR HEDGE FUNDS; "LEFT TAIL" RISKS AND OTHER QUANTITIES 327 $aONGOING RISK MANAGEMENT: RISK AND PERFORMANCE MATRIXCONCLUSION; Chapter 10: Instant Diversification: Funds of Funds; DIVERSIFICATION BENEFITS OF FUNDS OF FUNDS; FEES AND THE PRICE OF ACCESS; REDUCED LIQUIDITY; REDUCED TRANSPARENCY; GENERATING ALPHA: PORTFOLIO REBALANCING; TYPES OF FUNDS OF FUNDS; PERFORMANCE OF FUNDS OF FUNDS; INVESTING WITH FUNDS OF FUNDS; CONCLUSION; Chapter 11: A Practical Guide to Investing in Hedge Funds; INFORMATION ON HEDGE FUNDS; Notes; Index 330 $aA comprehensive look at hedge fund performance issues In Evaluating Hedge Fund Performance, Dr. Vinh Tran gives readers the information they need to construct an efficient hedge fund portfolio based on their own level of knowledge. From evaluating hedge funds to picking the winners, Dr. Tran covers some of the most important issues related to this flexible investment vehicle. Evaluating Hedge Fund Performance takes the standard hedge fund book to a new level by detailing how to manage the risk of hedge funds and offering the best methods to evaluate and monitor he 410 0$aWiley finance series. 606 $aHedge funds$zUnited States 608 $aElectronic books. 615 0$aHedge funds 676 $a332.645 700 $aTran$b Vinh Quang$f1946-$0902269 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910143583703321 996 $aEvaluating hedge fund performance$92016847 997 $aUNINA