Evaluating and Implementing Hedge Fund Strategies: The Experience of Managers and Investors, Third Edition

This essential guide presents a detailed analysis of hedge fund investment techniques, risk and controls from the viewpoints of managers and investors. There is practical advice on how to implement and manage a successful hedge fund strategy, including discussion on event and equity investing, sources of return, the evaluation of opportunities, risk assessment control, quantitative analysis of return and risk characteristics, offshore hedge funds, trends, investing in emerging markets and convertible arbitrage. This edition provides an insightful and practical overview of the dynamics, diversity and divergences of hedge fund investment and now includes new chapters covering: transparency, benchmarking indexation, asset-backed investing, trend following, hedge funds in Asia and the laws and regulations of marketing alternative funds to the USA and Europe.