Performance Evaluation Of Hedge Funds by Greg N. Gregoriou
Author: Greg N. Gregoriou
Publisher: Beard Books
ISBN: 1587982005
Size: 19.88 MB
Format: PDF, ePub, Docs
View: 4085
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Contains incisive articles dealing with quantitative and qualitative analyses of hedge funds.
Hedge Funds by Greg N. Gregoriou
Author: Greg N. Gregoriou
Publisher: John Wiley & Sons
ISBN: 1118161033
Size: 34.90 MB
Format: PDF, Kindle
View: 5549
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Whether already experienced with hedge funds or just thinking about investing in them, readers need a firm understanding of this unique investment vehicle in order to achieve maximum success. Hedge Funds unites over thirty of the top practitioners and academics in the hedge fund industry to provide readers with the latest findings in this field. Their analysis deals with a variety of topics, from new methods of performance evaluation to portfolio allocation and risk/return matters. Although some of the information is technical in nature, an understanding and applicability of the results as well as theoretical developments are stressed. Filled with in-depth insight and expert advice, Hedge Funds helps readers make the most of this flexible investment vehicle.
Evaluating Hedge Fund Performance by Vinh Q. Tran
Author: Vinh Q. Tran
Publisher: John Wiley & Sons
ISBN: 0471789895
Size: 10.68 MB
Format: PDF, Kindle
View: 872
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
A 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 hedge funds. With strategy based on interviews and data from experts in the field, this book is a must-read for any investor or manager who is investing in hedge funds.
Funds Of Hedge Funds by Greg N. Gregoriou
Author: Greg N. Gregoriou
Publisher: Butterworth-Heinemann
ISBN: 0080472826
Size: 37.97 MB
Format: PDF, Mobi
View: 4912
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
With about $450 billion in assets, funds of hedge funds are the most recent darling of investors. While hedge funds carry high risk for the promise of high returns they are designed for the very rich and for large institutional investors such as pension funds. A Fund of Hedge Funds (FOF) spreads investments among a number of hedge funds to reduce risk and provide diversification, while maintaining the potential for higher than average returns. Odds are that some pension fund of yours is invested heavily in these products, and more recently these FOFs have been opened to more and more individual investors in offshore jurisdictions with lower minimum entry levels. Since this is a new and extremely fast-moving financial phenomenon, academic research has just begun in earnest, and this is the first book to present rigorous academic research by some of the leading lights in academic finance, carefully analyzing the broad array of issues involved in FOFs. * With over $450 billion in assets, hedge funds of funds are the darling of investors * First book to present rigorous academic research about funds of funds * Leading lights in academic finance from around the world analyze the broad array of issues involved in funds of funds
Evaluating Hedge Fund And Cta Performance by Greg N. Gregoriou
Author: Greg N. Gregoriou
Publisher: John Wiley & Sons
ISBN: 0471730041
Size: 48.33 MB
Format: PDF, ePub, Mobi
View: 2161
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Introducing Data Envelopment Analysis (DEA) -- a quantitativeapproach to assess the performance of hedge funds, funds of hedgefunds, and commmodity trading advisors. Steep yourself inthis approach with this important new book by Greg Gregoriou andJoe Zhu. "This book steps beyond the traditional trade-off betweensingle variables for risk and return in the determination ofinvestment portfolios. For the first time, a comprehensiveprocedure is presented to compose portfolios using multiplemeasures of risk and return simultaneously. This approachrepresents a watershed in portfolio construction techniques and isespecially useful for hedge fund and CTA offerings." -- Richard E. Oberuc, CEO, Burlington Hall Asset Management, Inc.Chairman, Foundation for Managed Derivatives Research Order your copy today!
World Of Hedge Funds The Characteristics And Analysis by H Gifford Fong
Author: H Gifford Fong
Publisher: World Scientific
ISBN: 9814480053
Size: 52.72 MB
Format: PDF, ePub, Docs
View: 3063
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
The World of Hedge Funds is a compendium of distinguished papers focusing on the cutting-edge analysis of hedge funds. This area is arguably the fastest growing source of funds in the investment management arena. It represents an exciting opportunity for the investor and manager in terms of the range of return and risk available. A source of rigorous analysis is therefore both sought after as well as needed. This book aims to fill this gap by presenting an eclectic collection of papers contributed by influential academics and practitioners covering the characteristics and problems of hedge funds.
Portfolio Performance Evaluation by George O. Aragon
Author: George O. Aragon
Publisher: Now Publishers Inc
ISBN: 1601980825
Size: 22.90 MB
Format: PDF, Docs
View: 1450
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
This paper provides a review of the methods for measuring portfolio performance and the evidence on the performance of professionally managed investment portfolios. Traditional performance measures, strongly influenced by the Capital Asset Pricing Model of Sharpe (1964), were developed prior to 1990. We discuss some of the properties and important problems associated with these measures. We then review the more recent Conditional Performance Evaluation techniques, designed to allow for expected returns and risks that may vary over time, and thus addressing one major shortcoming of the traditional measures. We also discuss weight-based performance measures and the stochastic discount factor approach. We review the evidence that these newer measures have produced on selectivity and market timing ability for professional managed investment funds. The evidence includes equity style mutual funds, pension funds, asset allocation style funds, fixed income funds and hedge funds.
Investment Performance Measurement by Philip Lawton, CIPM
Author: Philip Lawton, CIPM
Publisher: John Wiley & Sons
ISBN: 9780470473719
Size: 57.15 MB
Format: PDF
View: 4043
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Investment Performance Measurement Over the past two decades, the importance of measuring, presenting, and evaluating investment performance results has dramatically increased. With the growth of capital market data services, the development of quantitative analytical techniques, and the widespread acceptance of Global Investment Performance Standards (GIPS®), this discipline has emerged as a central component of effective asset management and, thanks in part to the Certificate in Investment Performance Measurement (CIPM) program, has become a recognized area of specialization for investment professionals. That's why Investment Performance Measurement: Evaluating and Presenting Results—the second essential title in the CFA Institute Investment Perspectives series—has been created. CFA Institute has a long tradition of publishing content from industry thought leaders, and now this new collection offers unparalleled guidance to those working in the rapidly evolving field of investment management. Drawing from the Research Foundation of CFA Institute, the Financial Analysts Journal, CFA Institute Conference Proceedings Quarterly, CFA Magazine, and the CIPM curriculum, this reliable resource taps into the vast store of knowledge of some of today's most prominent thought leaders—from industry professionals to respected academics—who have focused on investment performance evaluation for a majority of their careers. Divided into five comprehensive parts, this timely volume opens with an extensive overview of performance measurement, attribution, and appraisal. Here, you'll become familiar with everything from the algebra of time-weighted and money-weighted rates of return to the objectives and techniques of performance appraisal. After this informative introduction, Investment Performance Measurement moves on to: Provide a solid understanding of the theoretical grounds for benchmarking and the trade-offs encountered during practice in Part II: Performance Measurement Describe the different aspects of attribution analysis as well as the determinants of portfolio performance in Part III: Performance Attribution Address everything from hedge fund risks and returns to fund management changes and equity style shifts in Part IV: Performance Appraisal Recount the history and explain the provisions of the GIPS standards—with attention paid to the many practical issues that arise in the course of its implementation—in Part V: Global Investment Performance Standards Filled with invaluable insights from more than fifty experienced contributors, this practical guide will enhance your understanding of investment performance measurement and put you in a better position to present and evaluate results in the most effective way possible.
The Handbook Of Managed Futures by Carl C. Peters
Author: Carl C. Peters
Publisher: McGraw Hill Professional
ISBN: 9781557389176
Size: 54.55 MB
Format: PDF, ePub, Docs
View: 6058
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
In the quest for higher returns, institutional investors are investing billions of dollars into managed futures and hedge funds, which offer more flexibility and diversification than conventional funds. This completely updated and expanded edition of the classic Managed Futures and Hedge Funds includes the latest information on hedge funds, as well as new chapters on performance benchmarks and selection criteria. Readers will find everything needed to understand and benefit from these alternative investments, including how-to: develop an institutional protfolio of managed futures and hedge funds; maximize diversification and arbitrage potential; successfully perform risk/return analyses.
Performance Evaluation And Attribution Of Security Portfolios by Bernd R. Fischer
Author: Bernd R. Fischer
Publisher: Academic Press
ISBN: 0080926525
Size: 74.16 MB
Format: PDF
View: 912
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Just how successful is that investment? Measuring portfolio performance requires evaluation (measuring portfolio results against benchmarks) and attribution (determining individual results of the portfolio's parts), In this book, a professor and an asset manager show readers how to use theories, applications, and real data to understand these tools. Unlike others, Fischer and Wermers teach readers how to pick the theories and applications that fit their specific needs. With material inspired by the recent financial crisis, Fischer and Wermers bring new clarity to defining investment success. Gives readers the theories and the empirical tools to handle their own data Features practice problems formerly from the CFA Program curriculum.
Hedge Fund Investing by Kevin R. Mirabile
Author: Kevin R. Mirabile
Publisher: John Wiley & Sons
ISBN: 1119210356
Size: 55.57 MB
Format: PDF, Docs
View: 3560
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
A comprehensive guide to alternative investments and a valuable study companion for the CFA, CAIA, FRM and other professional examinations that include hedge fund investing The 2nd Edition offers new material related to portfolio financing, how funds are sold, liquid alternatives, and the challenges faced when trying to value hedge fund management companies. This edition includes updated power point slides, and a companion workbook with an updated set of end of chapter problems and a revised set of over 150 test bank questions. Hedge Fund Investing is a complete guide to alternative investments for students and professionals alike. Written to align with the CAIA curriculum, this book is much more than just an exam preparation resource—it's a fully comprehensive guide to hedge fund investing in today's market, designed to provide professionals with the deep understanding they need to operate effectively. Broad coverage under the alternative investment umbrella includes discussion about hedge funds, derivatives, investment banking, and commercial banking, with specific guidance toward trading, strategy, portfolio management, performance metrics, due diligence, and more. A full set of ancillary materials helps bring this book into the classroom, and provides rigorous reinforcement of the material presented in the text. Alternative investment expertise has become central to the asset management and institutional investment community. This book facilitates clear understanding of the intricacies of the field and guides you through the practical skills needed to successfully navigate this diverse set of asset classes. Recognize hedge fund trends, flows, and characteristics Examine major hedge fund strategies and how they interact Learn the technical side of financing, settlement, and clearance Measure fund performance and optimize contributing factors Hedge funds and other alternative investments are known for their high reward, but they also come with significant risk. The investment professional's role is to minimize these risks while maximizing reward, but the nuanced nature of these assets dramatically complicates the task. Hedge Fund Investing details every aspect to give you the deep and instinctual understanding you need to operate effectively within the alternative investment sphere.
Portfolio Performance Measurement And Benchmarking Chapter 13 Market Timing by Jon A. Christopherson
Author: Jon A. Christopherson
Publisher: McGraw Hill Professional
ISBN: 0071733191
Size: 52.31 MB
Format: PDF, Docs
View: 1724
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Here is a chapter from Portfolio Performance Measurement and Benchmarking, which will help you create a system you can use to accurately measure your performance. The authors highlight common mechanical problems involved in building benchmarks and clearly illustrate the resulting fallouts. The failure to choose the right investing performance benchmarks often leads to bad decisions or inaction and, inevitably, lost profits. In this book you will discover a foundation for benchmark construction and discuss methods for all different asset classes and investment styles.
Performance Evaluation And Attribution Of Security Portfolios by Bernd R. Fischer
Author: Bernd R. Fischer
Publisher: Academic Press
ISBN: 9780128183014
Size: 72.50 MB
Format: PDF, ePub, Docs
View: 5090
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Performance Analysis and Reporting, Second Edition explains the practical aspects of building or interpreting a top-to-bottom performance attribution system applicable to many asset classes. Requiring a familiarity with the principal concepts of portfolio analysis, it features standard methodologies and alternative approaches to the attribution of diverse assets, including derivatives, fixed income, and hedge funds. Based on the authors' Performance Evaluation and Attribution of Security Portfolios (2012), its concentration on the ethical standards embodied by GIPS includes a summary of provisions for the presentation of risk in a firm's investments. Features new changes to Global Investment Performance Standards (GIPS) Expands and updates all chapters, including new sections on the return calculation of derivatives Embodies a practical point of view and clear division of chapters
Quantitative Models For Performance Evaluation And Benchmarking by Joe Zhu
Author: Joe Zhu
Publisher: Springer
ISBN: 3319066471
Size: 48.45 MB
Format: PDF, ePub, Docs
View: 3330
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
The author is one of the prominent researchers in the field of Data Envelopment Analysis (DEA), a powerful data analysis tool that can be used in performance evaluation and benchmarking. This book is based upon the author’s years of research and teaching experiences. It is difficult to evaluate an organization’s performance when multiple performance metrics are present. The difficulties are further enhanced when the relationships among the performance metrics are complex and involve unknown tradeoffs. This book introduces Data Envelopment Analysis (DEA) as a multiple-measure performance evaluation and benchmarking tool. The focus of performance evaluation and benchmarking is shifted from characterizing performance in terms of single measures to evaluating performance as a multidimensional systems perspective. Conventional and new DEA approaches are presented and discussed using Excel spreadsheets — one of the most effective ways to analyze and evaluate decision alternatives. The user can easily develop and customize new DEA models based upon these spreadsheets. DEA models and approaches are presented to deal with performance evaluation problems in a variety of contexts. For example, a context-dependent DEA measures the relative attractiveness of similar operations/processes/products. Sensitivity analysis techniques can be easily applied, and used to identify critical performance measures. Two-stage network efficiency models can be utilized to study performance of supply chain. DEA benchmarking models extend DEA’s ability in performance evaluation. Various cross efficiency approaches are presented to provide peer evaluation scores. This book also provides an easy-to-use DEA software — DEAFrontier. This DEAFrontier is an Add-In for Microsoft® Excel and provides a custom menu of DEA approaches. This version of DEAFrontier is for use with Excel 97-2013 under Windows and can solve up to 50 DMUs, subject to the capacity of Excel Solver. It is an extremely powerful tool that can assist decision-makers in benchmarking and analyzing complex operational performance issues in manufacturing organizations as well as evaluating processes in banking, retail, franchising, health care, public services and many other industries.
Hedge Funds by IMCA
Author: IMCA
Publisher: John Wiley & Sons
ISBN: 0471473421
Size: 43.65 MB
Format: PDF, ePub
View: 5503
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
A well-rounded hedge fund guide for the serious financial professional Alternative investment strategies-hedge funds in particular-have experienced a significant resurgence recently, largely in response to the dramatic downturn of the global equity markets. In response to this explosion in popularity, this book focuses on many of the best moneymaking strategies related to these alternative investment vehicles. IMCA (The Investment Management Consultants Association) is a professional association established in 1985, representing the investment consulting profession in the U.S. and Canada. Kenneth S. Phillips is a member of the IMCA Advisory Council and Managing Principal of Capital Partners, LLC. Ron Surz, CIMA, is a member of the IMCA Board of Directors and the President of PPCA Inc.
Hedge Fund Analysis by Frank J. Travers
Author: Frank J. Travers
Publisher: John Wiley & Sons
ISBN: 1118227107
Size: 51.25 MB
Format: PDF
View: 903
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
A detailed, step-by-step book covering the entire hedge fundevaluation process Investing in hedge funds is different from investing in otherasset classes. There is much less publicly available informationabout hedge funds performance than there is about mutual funds orindividual stocks. Consequently, investing in this class requiresmore sophisticated investment knowledge, greater due diligence,and, in many cases, a better-developed ability to evaluateinvestment managers. Hedge Fund Analysis provides a broad framework of how toapproach this endeavor, from initial screening to analyticaltechniques, interviewing skills, and legal and contractnegotiations. Along the way, it demonstrates a variety ofmechanisms for monitoring and tracking hedge funds and theunderlying hedge fund portfolios—explaining each stage of theprocess in minute detail and providing specific examples whichfully explain the opportunities and challenges you'll face eachstep of the way. Provides a detailed look at how to source hedge funds, screenthrough them, and rank their strengths and weaknesses Lays out a thorough process for evaluating funds, from initialinterviews to performance analysis to onsite meetings Reveals what questions to ask by strategy in order tounderstand the underlying risk factors associated with each Highlights non-investment analysis, including operational duediligence and risk management, as integral elements in theprocess Written by a financial professional with over twenty years ofexperience conducting investment manager due diligence, this bookwill put you in a position to make more informed decisions wheninvesting in hedge funds.
Hedge Fund Alpha by
Author:
Publisher:
ISBN: 9814469920
Size: 36.25 MB
Format: PDF, Kindle
View: 4097
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Performance Evaluation And Attribution Of Security Portfolios by Bernd R. Fischer
Author: Bernd R. Fischer
Publisher:
ISBN: 9780127444833
Size: 30.53 MB
Format: PDF, ePub, Docs
View: 1783
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Just how successful is that investment? Measuring portfolio performance requires evaluation (measuring portfolio results against benchmarks) and attribution (determining individual results of the portfolio's parts), In this book, a professor and an asset manager show readers how to use theories, applications, and real data to understand these tools. Unlike others, Fischer and Wermers teach readers how to pick the theories and applications that fit their specific needs. With material inspired by the recent financial crisis, Fischer and Wermers bring new clarity to defining investment success. Gives readers the theories and the empirical tools to handle their own data Includes computer exercises that promote problem solving with various datasets Features practice problems from the CFA Program curriculum.
Hedge Funds by Greg N. Gregoriou
Author: Greg N. Gregoriou
Publisher: Beard Books
ISBN: 158798203X
Size: 62.15 MB
Format: PDF, ePub
View: 7079
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
Twenty-one contributions from academics and practitioners discuss recent research on hedge funds. Aimed at investment professionals and high net worth individuals, the text deals with current methods of hedge fund tracking, evaluation, and selection. Sample topics include convertible arbitrage funds
The Long And Short Of Hedge Funds by Daniel A. Strachman
Author: Daniel A. Strachman
Publisher: John Wiley & Sons
ISBN: 0470466189
Size: 77.55 MB
Format: PDF, Docs
View: 2425
Get Book
Disclaimer: This site does not store any files on its server. We only index and link to content provided by other sites.
Book Description
An innovative A to Z guide to the world of hedge funds The Long and Short of Hedge Funds presents readers with a unique look at these investment vehicles, the people who run them, and those who provide services to them. This book is a detailed guide of the industry and offers rare access to hedge fund managers and industry participants. The book provides the reader with a real education about hedge funds, gaining a firm understanding of the industry.