Ineichen Absolute Returns

The Risk and Opportunities of Hedge Fund Investing
1. Auflage 2002
ISBN: 978-0-471-43254-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 528 Seiten, E-Book

Reihe: Wiley Finance Editions

A practical guide to strategies of hedge fund investing.
Hedge fund expert Alexander Ineichen outlines strategies that hedgefund managers use to achieve superior investment performance,particularly in bear markets, when traditional investmentstrategies do not perform so well, and shows readers how hedgefunds might be added to traditional investment portfolios toachieve superior returns. Nontechnical yet sophisticated, AbsoluteReturns shows investors how to make educated decisions about hedgefund investment--thoroughly explaining the risks as well as therewards.

Autoren/Hrsg.

Ineichen, Alexander M.

Inhaltsverzeichnis

Acknowledgments ix
Preface xi
PART ONE The Hedge Fund Industry 1
CHAPTER 1 Introducing Absolute Returns 3
Appendix: Risk Illusion 56
CHAPTER 2 Myths and Misconceptions 59
Appendix: Press Coverage of Hedge Funds 93
CHAPTER 3 Difference between Long-Only and Absolute Return Funds 98
Appendix: Guatemalan Dentist 132
CHAPTER 4 Advantages and Disadvantages of Investing in Hedge Funds 134
Appendix: On Market Efficiency and Unorthodox Economics 159
PART TWO Risk and Opportunities of Absolute Return Strategies 177
CHAPTER 5 Classification and Performance of Hedge Funds 179
CHAPTER 6 Relative-Value and Market-Neutral Strategies 199
CHAPTER 7 Event-Driven Strategies 251
CHAPTER 8 Opportunistic Absolute Return Strategies 286
Appendix: Long/Short Controversy 361
PART THREE The Fund of Hedge Funds Industry 369
CHAPTER 9 Industry Overview 371
CHAPTER 10 Advantages and Disadvantages of Investing in Funds of Hedge Funds 401
CHAPTER 11 The Alpha in Funds of Hedge Funds 420
PART FOUR Going Forward 451
CHAPTER 12 Game of Risk or Risky Game? 453
Notes 479
References 484
Index 499
About the Author 514

Über Autor(innen)

ALEXANDER M. INEICHEN, CFA, is Managing Director and Head of Equity Derivatives Research at UBS Warburg in London. In October 2000, Ineichen authored In Search of Alpha: Investing in Hedge Funds, which has become the most often printed research publication in the documented history of UBS Warburg. He has also published several papers in peer-refereed financial journals, contributed numerous articles and chapters to financial newspapers, magazines, and books, and regularly speaks about hedge funds and risk at industry conferences.