{"product_id":"hedge-fund-analysis-9781118175460","title":"Hedge Fund Analysis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eA detailed, step-by-step book covering the entire hedge fund evaluation process\u003c\/b\u003e  \u003cp\u003eInvesting in hedge funds is different from investing in other asset classes. There is much less publicly available information about hedge funds performance than there is about mutual funds or individual stocks. Consequently, investing in this class requires more sophisticated investment knowledge, greater due diligence, and, in many cases, a better-developed ability to evaluate investment managers.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHedge Fund Analysis\u003c\/i\u003e provides a broad framework of how to approach this endeavor, from initial screening to analytical techniques, interviewing skills, and legal and contract negotiations. Along the way, it demonstrates a variety of mechanisms for monitoring and tracking hedge funds and the underlying hedge fund portfoliosexplaining each stage of the process in minute detail and providing specific examples which fully explain the opportunities and challenges you''ll face each step of the \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIntroduction xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Background\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Hedge Fund History 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSo Who Invented the Hedge Fund? 4\u003c\/p\u003e \u003cp\u003eThe Samurai 4\u003c\/p\u003e \u003cp\u003eThe Academic 5\u003c\/p\u003e \u003cp\u003eThe Legend 14\u003c\/p\u003e \u003cp\u003eThe Innovator 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Hedge Fund Asset Class 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition 29\u003c\/p\u003e \u003cp\u003eHedge Fund Structure 31\u003c\/p\u003e \u003cp\u003eHedge Fund Strategies 32\u003c\/p\u003e \u003cp\u003eAdvantages of Allocating to Hedge Funds 43\u003c\/p\u003e \u003cp\u003eHedge Fund Size and Age Impacts Performance 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO Hedge Fund Due Diligence\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Due Diligence Process 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey Areas of Focus within Each Component of Due Diligence 57\u003c\/p\u003e \u003cp\u003eThe Due Diligence Process Highlighted in This Book 60\u003c\/p\u003e \u003cp\u003ePutting It All Together 67\u003c\/p\u003e \u003cp\u003eSome Initial Thoughts 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Initial Data Collection 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eData Collection 78\u003c\/p\u003e \u003cp\u003eDue Diligence Questionnaire (DDQ) 80\u003c\/p\u003e \u003cp\u003eFictional Capital Management 80\u003c\/p\u003e \u003cp\u003eOther Materials 106\u003c\/p\u003e \u003cp\u003eFurther Analysis 108\u003c\/p\u003e \u003cp\u003e13F Analysis 116\u003c\/p\u003e \u003cp\u003eHedge Fund Journal 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Initial Interview 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInitial Call or Meeting 121\u003c\/p\u003e \u003cp\u003ePhone Interviews 122\u003c\/p\u003e \u003cp\u003eMeeting Notes 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Quantitative Analysis 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePerformance Measures 146\u003c\/p\u003e \u003cp\u003eAbsolute Return Measures 146\u003c\/p\u003e \u003cp\u003eAbsolute Risk Measures 154\u003c\/p\u003e \u003cp\u003eRegression-Based Statistics 164\u003c\/p\u003e \u003cp\u003ePeer Group Analysis 168\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Portfolio Analysis 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAttribution Analysis 174\u003c\/p\u003e \u003cp\u003eFundamental Analysis 189\u003c\/p\u003e \u003cp\u003eEvaluating Portfolio Data 193\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Onsite Interviews 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOnsite Meeting Strategies 219\u003c\/p\u003e \u003cp\u003eOne-on-One Meetings 219\u003c\/p\u003e \u003cp\u003eMeeting with More Than One Person 222\u003c\/p\u003e \u003cp\u003eDifferent Perspectives 223\u003c\/p\u003e \u003cp\u003eMeeting Notes 224\u003c\/p\u003e \u003cp\u003eOnsite Interviews at Fictional Capital Management (FCM) 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Operational Due Diligence 259\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study: Bayou Fund 259\u003c\/p\u003e \u003cp\u003eDefinition 261\u003c\/p\u003e \u003cp\u003eImportance of Operational Due Diligence 263\u003c\/p\u003e \u003cp\u003eCategorization of Operational Due Diligence 267\u003c\/p\u003e \u003cp\u003eInterview with FCM Operational Staff 301\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Risk Due Diligence 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGraphical Depiction of Hedge Fund Risks 312\u003c\/p\u003e \u003cp\u003eRisk Due Diligence 314\u003c\/p\u003e \u003cp\u003eFactor Decomposition Analysis 330\u003c\/p\u003e \u003cp\u003eInterview with FCM Risk Manager 333\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Reference and Background Checks 339\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOnlist and Offlist References 340\u003c\/p\u003e \u003cp\u003eInternet and Social Media 341\u003c\/p\u003e \u003cp\u003eContacting References 343\u003c\/p\u003e \u003cp\u003eProblematic References 346\u003c\/p\u003e \u003cp\u003eWhose References Should You Check? 349\u003c\/p\u003e \u003cp\u003eHow Many Reference Calls Are Enough? 350\u003c\/p\u003e \u003cp\u003eBackground Checks 352\u003c\/p\u003e \u003cp\u003eSummary of Reference Calls for FCM 353\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Hedge Fund Scoring Model and Decision Making 357\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHedge Fund Scoring Model 358\u003c\/p\u003e \u003cp\u003ePutting It All Together 374\u003c\/p\u003e \u003cp\u003eAbout the Author 379\u003c\/p\u003e \u003cp\u003eIndex 381\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866366816599,"sku":"9781118175460","price":56.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118175460.jpg?v=1722278307","url":"https:\/\/bookcurl.com\/products\/hedge-fund-analysis-9781118175460","provider":"Book Curl","version":"1.0","type":"link"}