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Research handbook on hedge funds, private equity and alternative investments
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ISBN: 9781849802789 9781781002926 Year: 2012 Publisher: Cheltenham Edward Elgar

The world of hedge funds : characteristics and analysis
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ISBN: 9812563776 9786611881085 1281881082 9812569448 9789812569448 9789812563774 9781281881083 Year: 2005 Publisher: New Jersey : World Scientific,

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The World of Hedge Funds is a compendium of distinguishedpapers focusing on the cutting-edge analysis of hedge funds. This areais arguably the fastest growing source of funds in the investmentmanagement arena. It represents an exciting opportunity for theinvestor and manager in terms of the range of return and riskavailable.

A demon of our own design : markets, hedge funds, and the perils of financial innovation
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ISBN: 9780471227274 9780470393758 0471227277 0470393750 Year: 2007 Publisher: Hoboken (N.J.): Wiley,

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Inside markets, innovation, and risk Why do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street-from Morgan Stanley to Salomon and Citigroup-and a member of some of the world's largest hedge funds, from Moore Capital to Ziff Brothers and FrontPoint Partners, Rick Bookstaber has seen the ghost inside the machine and vividly shows us a world that is even riskier than we think. The very things done to make markets safer, have, in fact, created a world that is far more dangerous. From the 1987 crash to Citigroup closing the Salomon Arb unit, from staggering losses at UBS to the demise of Long-Term Capital Management, Bookstaber gives readers a front row seat to the management decisions made by some of the most powerful financial figures in the world that led to catastrophe, and describes the impact of his own activities on markets and market crashes. Much of the innovation of the last 30 years has wreaked havoc on the markets and cost trillions of dollars. A Demon of Our Own Design tells the story of man's attempt to manage market risk and what it has wrought. In the process of showing what we have done, Bookstaber shines a light on what the future holds for a world where capital and power have moved from Wall Street institutions to elite and highly leveraged hedge funds.


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Funds of hedge funds : performance, assessment, diversification, and statistical properties
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ISBN: 0750679840 9786611016128 1281016128 0080472826 9780750679848 9780080472829 9781281016126 6611016120 Year: 2006 Publisher: Amsterdam ; Boston : Butterworth/Heinemann/Elsevier,

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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 individ

Hedge funds : quantitative insights
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ISBN: 047085667X 9780470856673 0470687770 9786610270606 1118673549 1280270608 0470856718 Year: 2008 Publisher: Chichester: Wiley,

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""An excellent and comprehensive source of information on hedge funds! From a quantitative view Lhabitant has done it once again by meticulously looking at the important topics in the hedge fund industry. This book has a tremendous wealth of information and is a valuable addition to the hedge fund literature. In addition, it will benefit institutional investors, high net worth individuals, academics and anyone interested in learning more about this fascinating and often mysterious world of privately managed money. Written by one of the most respected practitioners and academics in the area

Hedge funds : an analytic perspective
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ISBN: 0691132941 0691145989 9786612639524 1282639528 140083581X 9780691132945 9781400835812 9780691145983 9781282639522 6612639520 Year: 2010 Publisher: Princeton, N.J. : Princeton University Press,

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The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.

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