Handbook of Hedge Funds
Intended as a comprehensive reference for investors and fund and portfolio managers, Handbook of Hedge Funds combines new material with updated information from Francois-Serge L’habitant’s two other successful hedge fund books. This book features up-to-date regulatory and historical information, new case studies and trade examples, detailed analyses of investment strategies, discussions of hedge fund indices and databases, and tips on portfolio construction.
Francois-Serge L’habitant (Geneva, Switzerland) is the Head of Investment Research at Kedge Capital. He is Professor of Finance at the University of Lausanne and at EDHEC Business School, as well as the author of five books, including Hedge Funds: Quantitative Insights (0-470-85667-X) and Hedge Funds: Myths & Limits (0-470-84477-9), both from Wiley.
PART I HEDGE FUND OVERVIEW.
2 History Revisited.
3 Legal Environment.
4 Operational and Organizational Structures.
5 Understanding the Tools Used by Hedge Funds.
PART II HEDGE FUND STRATEGIES AND TRADE EXAMPLES.
7 Long/Short Equity Strategies.
8 Dedicated Short.
9 Equity Market Neutral.
10 Distressed Securities.
11 Merger Arbitrage.
12 Convertible Arbitrage.
13 Fixed Income Arbitrage.
14 Emerging Markets.
15 Global Macro.
16 Managed Futures and Commodity Trading Advisors (CTAs).
17 A Smorgasbord of Other Strategies.
PART III MEASURING RETURNS, RISKS AND PERFORMANCE.
18 Measuring Net Asset Values and Returns.
19 Return Statistics and Risk.
20 Risk-Adjusted Performance Measures.
21 Databases, Indices and Benchmarks.
PART IV INVESTING IN HEDGE FUNDS.
23 Revisiting the Benefits and Risks of Hedge Fund Investing.
24 Asset Allocation and Hedge Funds.
25 Hedge Fund Selection: A Route Through the Maze.
26 Funds of Hedge Funds.
27 Structured Products on Hedge Funds.
Absolut report Nr 36 Feb/März 2007 “With the Handbook of Hedge Funds, François-Serge Lhabitant has created the fundamental guide to hedge fund investments. It covers a lot of ground and can truly serves as an encyclopaedia for both the entry level investors as well as to those to would like do delve a little deeper into specific themes. It also includes information on legal environments as well as operational aspects, which other recent publications are clearly lacking.” —Barbara Rupf Bee, Chief Executive Officer, HSBC Republic Investments Limited “Everybody talks about hedge funds these days, but not many people seem to know too much about them. François Lhabitant is the exception. His first book was great, this one is even better. It provides an excellent and unique introduction to the subject; straightforward, objective and with lots of insightful examples. For anyone looking for a serious introduction to hedge funds, this is the book to read.” —Harry M. Kat, PhD, Professor of Risk Management and Director Alternative Investment Research Centre,