LEADER 04910nam 2200625Ia 450 001 9910784450903321 005 20200520144314.0 010 $a1-280-64198-3 010 $a9786610641987 010 $a0-08-045513-1 035 $a(CKB)1000000000350435 035 $a(EBL)269914 035 $a(OCoLC)85834216 035 $a(SSID)ssj0000169923 035 $a(PQKBManifestationID)11163942 035 $a(PQKBTitleCode)TC0000169923 035 $a(PQKBWorkID)10215142 035 $a(PQKB)11667121 035 $a(Au-PeEL)EBL269914 035 $a(CaPaEBR)ebr10138511 035 $a(CaONFJC)MIL64198 035 $a(OCoLC)437172604 035 $a(MiAaPQ)EBC269914 035 $a(EXLCZ)991000000000350435 100 $a20050506d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aHedge fund investment management$b[electronic resource] /$fedited by Izzy Nelken 210 $aAmsterdam $cElsevier/Butterworth-Heinemann$d2006 215 $a1 online resource (173 p.) 300 $aDescription based upon print version of record. 311 $a0-7506-6007-4 320 $aIncludes bibliographical references and index. 327 $aCover; Contents; Contributors; Preface; Introduction; Acknowledgements; Fixed income arbitrage 1; Government Issued Debt; Asset Swaps (Excluding Convertible Bonds); Yield Curve Arbitrage; Corporate Bond Arbitrage; Capital Structure Arbitrage; Diversity in mortgage hedge fund investing; Introduction; Some Basic Mortgage Mechanics; Varieties of Mortgage Loans; Varieties of Mortgage-Backed Securities; Varieties of Strategies; Analytic Methods and Models; Liquidity and Leverage; Net Asset Value and Marking to Market; Hedging Strategies and Risk Management; Conclusion 327 $aAbsolute returns in commodity (natural resource) futures investments Return Compression in Hedge Funds has led to an Increased Interest in Investing in Commodities; The Traditional Case for Commodity Investing: The Structural Returns Available in the Futures Markets; The Updated Case for Commodities: The Potential for Global Supply Shocks and Inflation; Risk Management in Commodity Investing; Conclusion; References; Issues in hedge funds going offshore; Introduction; Common Considerations; Setting up in the Cayman Islands; List of References and Readings; Structured products on hedge funds 327 $aThe Basics Evolution of Structured Products; Types of Structured Products; Principal protection structures; Using Structured Products; Looking Ahead; Careers in hedge funds; Overview; Back Office Careers; Middle Office Careers; Front Office Careers; Special Issues that Women Face; A liquidity haircut for hedge funds 1; Introduction; Valuing the Hedge Fund Manager's Contract; Longstaff 's Method; Simulating the liquidity Premium; Conclusion; References; Hedge fund investing: some words of caution; Introduction; The Available Data on Hedge Funds are far from Perfect 327 $aFunds Following the same type of Strategy may still Behave very Differently Similar Indices from Different Index Providers may Behave very Differently; The True Risks of Hedge Funds Tend to be Seriously Underestimated; Sharpe Ratios and Alphas of Hedge Funds can be Highly Misleading; There are no Shortcuts in Hedge Fund Selection; Hedge Fund Diversification is not a Free Lunch; Hedge Funds do not Combine very well with Equity; Modern Portfolio Theory is too Simplistic to deal with Hedge Funds; One has to Invest at least 20% in Hedge Funds for it to make a Difference; Conclusion; References 327 $aOn ranking schemes and portfolio selection Introduction; Conventions and Definitions; Equivalence in a Gaussian World; Ranking and Risk Aversion; A Better Utility Function; Extension to Non-Gaussian Distributions; Market Determination of m; Modern Portfolio Theory; Conclusions; References; Index 330 $aThere 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 2000's 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. E 606 $aHedge funds 606 $aMutual funds 615 0$aHedge funds. 615 0$aMutual funds. 676 $a332.64524 701 $aNelken$b Israel$0316975 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910784450903321 996 $aHedge fund investment management$93766853 997 $aUNINA