The Resource Future of Hedge Fund Investing : A Regulatory and Structural Solution for a Fallen Industry, (electronic resource)

Future of Hedge Fund Investing : A Regulatory and Structural Solution for a Fallen Industry, (electronic resource)

Label
Future of Hedge Fund Investing : A Regulatory and Structural Solution for a Fallen Industry
Title
Future of Hedge Fund Investing
Title remainder
A Regulatory and Structural Solution for a Fallen Industry
Creator
Subject
Genre
Language
eng
Summary
A detailed look at how to fix the hedge fund industry The Future of Hedge Fund Investing spells out in refreshingly stark terms exactly how the industry let down its clients, and the changes needed to restore their confidence. Written by Monty Agarwal, the founder of Predator Capital Management, this insider's guide gives a full assessment of the business, including the advantages of hedge funds, their pitfalls, and, most importantly, how to avoid these missteps. The book begins by describing the hedge fund universe, which includes funds and fund of funds; fund regulators, major investors, and middlemen; and fee structures, incentives, and typical investment strategies. From here, Agarwal explores possible solutions and fixes as he touches upon several important issues within this field. Examines hedge funds' role in the 2008 market crisis and what can be learned from it Discusses the structural changes for fund of funds in areas including trading, diversification, risk management, and due diligence Provides guidance for investors to follow when interviewing hedge fund managers Whether you're a financial professional, a potential investor, or simply an interested reader, The Future of Hedge Fund Investing gives you a clear look at the state of hedge funds today as well as a picture of what the future may hold for them
Member of
Cataloging source
AU-PeEL
http://library.link/vocab/creatorDate
1968-
http://library.link/vocab/creatorName
Agarwal, Monty
Dewey number
332.64/524
LC call number
HG4530 -- .A38 2009eb
Nature of contents
dictionaries
Series statement
Wiley Finance
Series volume
v.552
http://library.link/vocab/subjectName
  • Hedge funds
  • Mutual funds
Label
Future of Hedge Fund Investing : A Regulatory and Structural Solution for a Fallen Industry, (electronic resource)
Link
http://umanitoba.eblib.com/patron/FullRecord.aspx?p=469172
Instantiates
Publication
Note
Description based upon print version of record
Contents
  • The Future of Hedge Fund Investing: A Regulatory and Structural Solution for a Fallen Industry; Contents; Foreword; Introduction; FUNDS OF HEDGE FUNDS: TIME FOR CHANGE IS NOW; Chapter 1: Recent Hedge Fund Scandals; PALM BEACH, FLORIDA; KL FINANCIAL, MARCH 2005; AMARANTH ADVISORS, SEPTEMBER 2006; BERNIE MADOFF, DECEMBER 2008; LESSON 1: RELATIONSHIPS DO NOT TRUMP DUE DILIGENCE; LESSON 2: WHEN INVESTING IN HEDGE FUNDS, HIRE EXPERTS; LESSON 3: ''WE DID NOT KNOW WHAT WE WERE INVESTING IN'' IS NOT AN EXCUSE; CONCLUSION: SO CALLED EXPERTS, FUND OF FUNDS, HAVE FAILED; Chapter 2: The Players
  • FLOW OF CAPITAL IN THE HEDGE FUND INDUSTRYCONCLUSION; Chapter 3: Hedge Funds; INCENTIVES AND THE DISINCENTIVES OF THE HEDGE FUND FEE STRUCTURE; EDUCATION OF THE FUTURE HEDGE FUND MANAGER; TRAINING GROUNDS OF THE HEDGE FUND MANAGER; THE CHART READERS; THE QUANTS; THE GLOBAL MACRO TRADER; FROM A CATERPILLAR TO A BUTTERFLY; ANDREW LAHDE'S GOODBYE LETTER; Chapter 4: Hedge Fund Strategies; LONG-SHORT EQUITY; EVENT DRIVEN; GLOBAL MACRO; FIXED-INCOME ARBITRAGE; RELATIVE VALUE ARBITRAGE; EFFECT OF 2008 ON THESE STRATEGIES AND LOOKING FORWARD; Chapter 5: Hedge Fund Service Providers and Regulators
  • BUILDING A BUSINESSCONCLUSION; Chapter 6: Funds of Hedge Funds; PHILOSOPHY AND SERVICES; FAILURE OF FIDUCIARY DUTIES; STATISTICAL BUCKETING BY STRATEGY; DUE DILIGENCE AND THE ANALYST; WHAT'S IN A NAME?; THE AIMA DUE DILIGENCE QUESTIONNAIRE; WHERE ARE THE EXPERIENCED PROFESSIONALS?; THE (LACK OF) ONGOING DUE DILIGENCE; MULTI-STRATEGY HEDGE FUNDS; Chapter 7: An Expert Failure; USELESSNESS OF HISTORICAL DATA CRUNCHING; QUEST FOR STEADY RETURNS: SYSTEMATIC DESTRUCTION OF ALPHA; BUCKETING BY ASSET CLASS AND GEOGRAPHY: A FLAWED CONCEPT
  • ALPHA VERSUS BETA: THE TRADER GENERATES ALPHA, NOT THE STRATEGY10 PERCENT TO 20 PERCENT ALLOCATION RULE; MANAGING A HEDGE FUND MANAGER; BOOKRUNNER VERSUS A PROPRIETARY TRADER; SO-CALLED HEDGE FUND EXPERTS; HEDGE FUNDS: HOUSE OF SECOND OR THIRD CHANCES?; WHY DOES A LOSING HEDGE FUND MANAGER SHUT DOWN HIS FUND?; WHY DOES THE INDUSTRY KEEP FUNDING A FAILED TRADER?; CONCLUSION; Chapter 8: Remodeling the Funds of Hedge Funds; FIVE INVIOLABLE COMMANDMENTS; TRADERS MANAGING TRADING INVESTMENTS; DIFFERENTIATE BETWEEN ALPHA AND BETA STRATEGIES; BUCKETING BASED ON TRADER METHODOLOGY
  • APPROPRIATE RISK TEMPLATE BY STRATEGYMANAGER STOP LOSS AND LINKED REDEMPTIONS; NOT 10 PERCENT, MAJORITY EVERY TIME; ONGOING DUE DILIGENCE: IT IS NOT JUST ABOUT RETURNS; Chapter 9: Correct Risk Due Diligence; POSITION CONCENTRATION, SO WHAT?; MANAGEMENT OF STOP LOSS LIMITS: THE BE-ALL AND END-ALL; OVER-LEVERAGE AND ILLIQUIDITY; HEDGING: WILL THE MARKET LET YOU SHORT?; Chapter 10: Interviewing a Hedge Fund Manager; RELATIONSHIP; STRATEGY-RELATED QUESTIONS; WHAT QUALIFIES YOU TO EXECUTE THIS STRATEGY?; WORK EXPERIENCE; RISK APPETITE; THINKER, ADAPTER, ENTREPRENEUR?; DISCIPLINE AND CHARACTER
  • Chapter 11: Hedge Fund Industry's Role in 2008 Market Crisis
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (206 p.)
Form of item
electronic
Isbn
9780470557266
Specific material designation
remote
System control number
  • EBL469172
  • (OCoLC)497005432
  • (AU-PeEL)EBL469172
Label
Future of Hedge Fund Investing : A Regulatory and Structural Solution for a Fallen Industry, (electronic resource)
Link
http://umanitoba.eblib.com/patron/FullRecord.aspx?p=469172
Publication
Note
Description based upon print version of record
Contents
  • The Future of Hedge Fund Investing: A Regulatory and Structural Solution for a Fallen Industry; Contents; Foreword; Introduction; FUNDS OF HEDGE FUNDS: TIME FOR CHANGE IS NOW; Chapter 1: Recent Hedge Fund Scandals; PALM BEACH, FLORIDA; KL FINANCIAL, MARCH 2005; AMARANTH ADVISORS, SEPTEMBER 2006; BERNIE MADOFF, DECEMBER 2008; LESSON 1: RELATIONSHIPS DO NOT TRUMP DUE DILIGENCE; LESSON 2: WHEN INVESTING IN HEDGE FUNDS, HIRE EXPERTS; LESSON 3: ''WE DID NOT KNOW WHAT WE WERE INVESTING IN'' IS NOT AN EXCUSE; CONCLUSION: SO CALLED EXPERTS, FUND OF FUNDS, HAVE FAILED; Chapter 2: The Players
  • FLOW OF CAPITAL IN THE HEDGE FUND INDUSTRYCONCLUSION; Chapter 3: Hedge Funds; INCENTIVES AND THE DISINCENTIVES OF THE HEDGE FUND FEE STRUCTURE; EDUCATION OF THE FUTURE HEDGE FUND MANAGER; TRAINING GROUNDS OF THE HEDGE FUND MANAGER; THE CHART READERS; THE QUANTS; THE GLOBAL MACRO TRADER; FROM A CATERPILLAR TO A BUTTERFLY; ANDREW LAHDE'S GOODBYE LETTER; Chapter 4: Hedge Fund Strategies; LONG-SHORT EQUITY; EVENT DRIVEN; GLOBAL MACRO; FIXED-INCOME ARBITRAGE; RELATIVE VALUE ARBITRAGE; EFFECT OF 2008 ON THESE STRATEGIES AND LOOKING FORWARD; Chapter 5: Hedge Fund Service Providers and Regulators
  • BUILDING A BUSINESSCONCLUSION; Chapter 6: Funds of Hedge Funds; PHILOSOPHY AND SERVICES; FAILURE OF FIDUCIARY DUTIES; STATISTICAL BUCKETING BY STRATEGY; DUE DILIGENCE AND THE ANALYST; WHAT'S IN A NAME?; THE AIMA DUE DILIGENCE QUESTIONNAIRE; WHERE ARE THE EXPERIENCED PROFESSIONALS?; THE (LACK OF) ONGOING DUE DILIGENCE; MULTI-STRATEGY HEDGE FUNDS; Chapter 7: An Expert Failure; USELESSNESS OF HISTORICAL DATA CRUNCHING; QUEST FOR STEADY RETURNS: SYSTEMATIC DESTRUCTION OF ALPHA; BUCKETING BY ASSET CLASS AND GEOGRAPHY: A FLAWED CONCEPT
  • ALPHA VERSUS BETA: THE TRADER GENERATES ALPHA, NOT THE STRATEGY10 PERCENT TO 20 PERCENT ALLOCATION RULE; MANAGING A HEDGE FUND MANAGER; BOOKRUNNER VERSUS A PROPRIETARY TRADER; SO-CALLED HEDGE FUND EXPERTS; HEDGE FUNDS: HOUSE OF SECOND OR THIRD CHANCES?; WHY DOES A LOSING HEDGE FUND MANAGER SHUT DOWN HIS FUND?; WHY DOES THE INDUSTRY KEEP FUNDING A FAILED TRADER?; CONCLUSION; Chapter 8: Remodeling the Funds of Hedge Funds; FIVE INVIOLABLE COMMANDMENTS; TRADERS MANAGING TRADING INVESTMENTS; DIFFERENTIATE BETWEEN ALPHA AND BETA STRATEGIES; BUCKETING BASED ON TRADER METHODOLOGY
  • APPROPRIATE RISK TEMPLATE BY STRATEGYMANAGER STOP LOSS AND LINKED REDEMPTIONS; NOT 10 PERCENT, MAJORITY EVERY TIME; ONGOING DUE DILIGENCE: IT IS NOT JUST ABOUT RETURNS; Chapter 9: Correct Risk Due Diligence; POSITION CONCENTRATION, SO WHAT?; MANAGEMENT OF STOP LOSS LIMITS: THE BE-ALL AND END-ALL; OVER-LEVERAGE AND ILLIQUIDITY; HEDGING: WILL THE MARKET LET YOU SHORT?; Chapter 10: Interviewing a Hedge Fund Manager; RELATIONSHIP; STRATEGY-RELATED QUESTIONS; WHAT QUALIFIES YOU TO EXECUTE THIS STRATEGY?; WORK EXPERIENCE; RISK APPETITE; THINKER, ADAPTER, ENTREPRENEUR?; DISCIPLINE AND CHARACTER
  • Chapter 11: Hedge Fund Industry's Role in 2008 Market Crisis
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (206 p.)
Form of item
electronic
Isbn
9780470557266
Specific material designation
remote
System control number
  • EBL469172
  • (OCoLC)497005432
  • (AU-PeEL)EBL469172

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