Everything You Need to Know About Hedge Funds--What They Are, How They Can Improve Your Portfolio

Hedge funds have long been viewed as shadowy, high-risk investments, suitable only for the super-wealthy. Today, increasing numbers of individuals and institutions have come to view hedge funds as a way to ...

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All About Hedge Funds

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Everything You Need to Know About Hedge Funds--What They Are, How They Can Improve Your Portfolio

Hedge funds have long been viewed as shadowy, high-risk investments, suitable only for the super-wealthy. Today, increasing numbers of individuals and institutions have come to view hedge funds as a way to improve the overall performance of their portfolios, reduce the risk, or even do both.

All About Hedge Funds debunks the myths that surround this increasingly visible investment tool. This comprehensive-yet-easy-to-follow guidebook reviews the distinctive risks of hedge funds, then shows you how they fit into the universe of investment options and how they can be incorporated into a well-diversified portfolio. Regardless of your investment objectives and strategies, All About Hedge Funds is the essential book for determining if this potentially lucrative--and increasingly mainstream--vehicle is right for you.

Whether you are an experienced hedge fund investor or are just beginning to investigate hedge funds, All About Hedge Funds will give you detailed information on:

  • Opportunities and risks in the popular hedge fund strategies

  • Leverage, short selling, and hedging

  • How hedge funds fit into the global financial system

  • How hedge funds fit into a balanced stock/bond portfolio

  • Legal, regulatory, and tax issues

  • The EACM 100“ Index

  • And much more

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Product Details

  • ISBN-13: 9780071415637
  • Publisher: McGraw-Hill Education
  • Publication date: 10/15/2002
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 309
  • File size: 3 MB

Meet the Author

Robert Jaeger, Ph.D., is vice chairman and chief investment officer of leading hedge fund firm Evaluation Associates Capital Markets.

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Table of Contents

Introduction: The Basic Themes 1
Pt. 1 The Historical and Institutional Context
Ch. 1 The Historical Context 17
Ch. 2 Hedge Fund Managers and Clients 33
Ch. 3 Hedge Funds and the Brokerage Community 45
Ch. 4 The Lure of the Small 57
Pt. 2 Hedge Funds, Active Management, and Efficient Markets
Ch. 5 The Hedge Fund Challenge 71
Ch. 6 Efficient Markets, Emotion, and Skill 77
Ch. 7 Efficiently Diversified Portfolios 91
Ch. 8 The Tyranny of the Cap-Weighted Indexes 115
Pt. 3 The Tools of the Trade
Ch. 9 Leverage, Short Selling, and Hedging 133
Ch. 10 Futures and Options 151
Ch. 11 AM/FM Investing: The Modulation of Returns 163
Pt. 4 Some Operational Issues
Ch. 12 Legal and Regulatory Issues 181
Ch. 13 Performance Fees 193
Ch. 14 Tax Issues 197
Pt. 5 The Menu of Hedge Fund Strategies
Ch. 15 An Overview of the Menu 207
Ch. 16 Equity Hedge Funds and Global Asset Allocators 229
Ch. 17 Relative-Value Investing 241
Ch. 18 Event-Driven Investing 263
Conclusion 283
App. I The EACM 100 Index 291
App. II: Suggestions for Further Reading 293
Glossary 297
Index 301
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Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted September 13, 2006

    Easy and Simple!

    All about Hedge Funds is a great book. It's easy and simple to read. The author mentions LTCM a lot, especially on what not to do when managing a hedge fund. Also, the author does't talk about hedge funds per se, but rather the different investment tools, and the daily functions, that hedge fund managers use to make thier clients alot of money. Options, currency, investment banking, brokage houses (front and back), offshore accounts, short selling, leverage, and others. All about Hedge Funds is a great read. There are graphs that help the reader understand key concepts.

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  • Anonymous

    Posted December 17, 2004

    Readable, Comprehensive, and Balanced

    While opinions about hedge funds are plentiful, solid usable information is not. This book fills that gap. Bob does a great job of organizing and presenting his information. The reader is provided with a solid framework early on that allows him/her to process the rest of the book easily. Even the chewy business of portfolio statistics, a basic understanding of which is nescessary, is presented in a very accessable manner. Make no mistake, however, this isn't hedge fund for dummies. This book goes deeper than most, but not off the deep end. I highly recommend it.

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