Handbook of Hedge Funds

Front Cover
John Wiley & Sons, Mar 23, 2011 - Business & Economics - 656 pages
A comprehensive guide to the burgeoning hedge fund industry

Intended as a comprehensive reference for investors and fund and portfolio managers, Handbook of Hedge Funds combines new material with updated information from Francois-Serge L’habitant’s two other successful hedge fund books. This book features up-to-date regulatory and historical information, new case studies and trade examples, detailed analyses of investment strategies, discussions of hedge fund indices and databases, and tips on portfolio construction.

Francois-Serge L’habitant (Geneva, Switzerland) is the Head of Investment Research at Kedge Capital. He is Professor of Finance at the University of Lausanne and at EDHEC Business School, as well as the author of five books, including Hedge Funds: Quantitative Insights (0-470-85667-X) and Hedge Funds: Myths & Limits (0-470-84477-9), both from Wiley.

From inside the book

Contents

HEDGE FUND OVERVIEW
5
Legal Environment
37
Contents
75
Operational and Organizational Structures
85
Understanding the Tools Used by Hedge Funds
121
HEDGE FUND STRATEGIES AND TRADE EXAMPLES
157
LongShort Equity Strategies
163
Dedicated Short
187
Managed Futures and Commodity Trading Advisors CTAs
351
A Smorgasbord of Other Strategies
373
Contents
382
MEASURING RETURNS RISKS AND PERFORMANCE
401
Return Statistics and Risk
423
RiskAdjusted Performance Measures
451
Databases Indices and Benchmarks
479
Contents
513

Equity Market Neutral
197
Contents
215
Merger Arbitrage
243
Convertible Arbitrage
269
Fixed Income Arbitrage
297
Emerging Markets
311
Global Macro
327
Asset Allocation and Hedge Funds
537
A Route Through the Maze
569
Funds of Hedge Funds
579
Structured Products on Hedge Funds
591
Conclusions
615
Index
625
Copyright

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About the author (2011)

About the author

FRANÇOIS-SERGE LHABITANT, PhD, is Chief Investment Officer at Kedge Capital in London. He was formerly a Member of Senior Management at Union Bancaire Privée, and prior to this, a Director at UBS/Global Asset Management. On the academic side, he is a Professor of Finance at the University of Lausanne and at EDHEC Business School. His specialist skills are in the areas of alternative investment (hedge funds) and emerging markets. He is the author of several books on these two subjects and has published numerous research and scientific popularisation articles. He is also a member of the Scientific Council of the Autorité des Marches Financiers, the French regulatory body.

"Lhabitant takes us from the early 1930s to the latest cutting edge research in the field of hedge funds, blending both theoretical and practical information in this handbook and leaving no stone unturned. This new updated text with its panoply of new information, loads of examples and cases for educational purposes is well worth the investment. It is a must for beginners, institutional investors and money managers, lawyers, accountants, academics. In essence the bible of hedge fund books, you cannot ask for better."
—Greg N. Gregoriou, Ph.D, Associate Professor of Finance, State University of New York (Plattsburgh)