How To Invest In Hedge Funds

Praise and Reviews "As hundreds of billions of capital seek an appropriate match with thousands of hedge funds, Matthew Ridley has produced a survey of the major hedge fund strategies that will be of great utility to the novice or pro. Comprehensive, insightful, readable, leavened with common sense and wit, it is much like a Consulta due diligence review."Bruce G Wilcox, Chairman, Cumberland Associates LLC"Extremely informative - a thorough synopsis of how funds view different investments. Matt has taken a very complicated process and simplified it so everyone can understand it. After reading this book, everyone will believe they can manage a hedge fund."Marc Lasry, Founder and Managing Partner, Avenue Capital Group"In light of the recent equity bear market and increasing retail and institutional interest in hedge funds, Matt Ridley's book is a most timely introduction and analysis of this complex and diverse asset class."Gary Brass, Managing Director, Consulta Limited"An excellent book that gives a pragmatic coverage of the area without sacrificing depth, Ridley's lengthy experience of the asset class really shines through. This book should leave investment professionals new to the area with the skills they need to hit the ground running, ready to appraise, select and monitor hedge funds and hold their own even when analysing the most complex of strategies."Dr Chris Jones, Director, Alternative Investment Strategies, io investors, Visiting AssociOver the past decade hedge funds have experienced considerable growth as an alternative asset class. Disappointing returns from mainstream markets have stimulated the interest of a previously sceptical investment community. More and more asset managers are now providing their clients with access to hedge funds.How to Invest in Hedge Funds is a clear, step-by-step guide for professionals investing in this area for the first time. It is a practical introduction to various types of hedge fund strategies, and how they work and develop over time. How to Invest in Hedge Funds provides a uniquely balanced picture that outlines both the strengths and weaknesses of this kind of fund.Contents include:definition, origin, structure and attributes of a typical hedge fund;risks and merits of hedge funds;how to select a hedge fund;portfolio construction and management;how to organize a hedge fund research effort;chapters dedicated to explaining specific hedge fund strategies.Written by one of the leading practitioners in the field, How to Invest in Hedge Funds is packed with practical information and guides the reader through the process of investing in this area.

It’s no secret that stock market performance over recent years has been disappointing, to say the least — or abysmal, to be more realistic. And when the markets go down, mutual funds go down with them. So what are Canadian investors to do? Hedge funds are alternative investments that are designed to provide investors with strong returns during both bull and bear markets. More widely available than ever before, the popularity of hedge funds has been growing rapidly in Canada, thanks to regulatory changes and the continued poor performance of more traditional investment vehicles. But with risks and pitfalls of their own, they are often misunderstood by the average investor. Written by two of the industry's top experts and commentators, this is the first book of its kind — a complete guide to the hedge fund industry in Canada — now completely revised: Includes complete coverage on: what hedge funds are and how to use them to your advantage; myths and facts about hedge funds; the difference between hedge funds and mutual funds; how to assess hedge funds and measure your risk; how to buy a hedge fund; how to apply different hedge fund styles in your portfolio; and much more. New information in this edition includes: Expanded and updated hedge fund profiles and ratings; up-to-date information on the hedge fund market in Canada; new types of funds and other innovations in the field; additional investment strategies. Features completely updated profiles and ratings of hedge funds currently available in Canada — expanded to cover 100 funds. Each profile includes a description of the fund, information on the fund's manager, performance numbers, terms and conditions, and risk data. "A valuable and complete update to the first edition. Miklos Nagy and Peter Beck have done it again: explaining complex financial products to everyone wanting to know more about hedge funds. After Portus, this book is a must for any advisor or investor." — Tom Hockin, President and CEO of The Investment Funds Institute of Canada "Hedge Funds for Canadians is a thorough and highly readable look at a subject many Canadian investors probably haven’t felt comfortable with. Peter Beck and Miklos Nagy have managed to take the mystery out of this relatively sophisticated investment strategy." — James Walker, Editor, Investment Executive "A useful and thorough primer on a subject of critical importance to Canadian investors." — Michael den Tandt, Columnist with The Globe & Mail's Report on Business

A just-in-time guide to hedge fund investing Today, access to hedge funds is increasingly available to average investors through "funds of hedge funds" and other registered products. These vehicles allow investors to invest as little as $25,000 to start. Hedges on Hedge Funds provides an overview of hedge fund investing and delves into the key investment strategies employed by hedge fund managers. This comprehensive resource directs people to proper fund selection and allocation, but most importantly, it helps investors avoid the potential pitfalls associated with the industry by discussing transparency, size vs. performance, and other important issues associated with selecting and profiting with hedge funds. James R. Hedges, IV (Naples, FL), is recognized as a pioneer in the hedge fund industry for his efforts to monitor and review funds and fund managers for performance and transparency. He is the founder, President, and Chief Investment Officer of LJH Global Investments-an investment advisory firm that helps clients select and invest in hedge funds.

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.

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.

Hedge Funds: Structure, Strategies, and Performance provides a synthesis of the theoretical and empirical literature on this intriguing, complex, and frequently misunderstood topic. The book dispels some common misconceptions of hedge funds, showing that they are not a monolithic asset class but pursue highly diverse strategies. Furthermore, not all hedge funds are unusually risky, excessively leveraged, invest only in illiquid asses, attempt to profit from short-term market movements, or only benefit hedge fund managers due to their high fees. Among the core issues addressed are how hedge funds are structured and how they work, hedge fund strategies, leading issues in this investment, and the latest trends and developments. The authors examine hedge funds from a range of perspectives, and from the theoretical to the practical. The book explores the background, organization, and economics of hedge funds, as well as their structure. A key part is the diverse investment strategies hedge funds follow, for example some are activists, others focusing on relative value, and all have views on managing risk. The book examines various ways to evaluate hedge fund performance, and enhances understanding of their regulatory environment. The extensive and engaging examination of these issues help the reader understands the important issues and trends facing hedge funds, as well as their future prospects.

Analyzing the five common investment strategies with historical performance results, this text presents discussions of all legal forms of hedge funds with particular emphasis on domestic funds. It also explains quantitative and qualitative strategies for evaluating fund managers.

"Eldon Mayer is a battle-tested pro. You should listen to what he and his partner, Sam Kirschner, have to say." --Barton M. Biggs, Managing Partner, Traxis Partners Meet the crème de la crème of the new breed of hedge fund managers, learn how they evaluate world financial markets, hear about their winners and losers, and discover how they apply proprietary strategies to stay ahead of the curve. Through broad-scope interviews with 15 highly successful managers, The Investor's Guide to Hedge Funds provides unparalleled insight into each major hedge fund strategy, its strengths, weaknesses, and performance characteristics. Most importantly, this book shows that despite the sensational headlines, adding hedge funds to a portfolio of stocks and bonds can reduce risk and improve overall performance.