Alternative Investments
Handbook of Hedge Funds

Authors: François-Serge Lhabitant
Editions: Wiley
Pages: 654 pages
Date: December 2006
Intended as a comprehensive reference for investors and fund and portfolio managers, the Handbook of Hedge Funds combines new material with updated information from Francois-Serge Lhabitant’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.

The contents include:
  • Hedge Fund Overview:
    • History Revisited
    • Legal Environment
    • Operational and Organizational Structures
    • Understanding the Tools Used by Hedge Funds

  • Hedge Fund Strategies and Trade Examples
    • Long/Short Equity Strategies
    • Dedicated Short
    • Equity Market Neutral
    • Distressed Securities
    • Merger Arbitrage
    • Convertible Arbitrage
    • Fixed Income Arbitrage
    • Emerging Markets
    • Global Macro
    • Managed Futures and Commodity Trading Advisors (CTAs)
    • A Smorgasbord of Other Strategies

  • Measuring Returns, Risks, and Performance:
    • Measuring Net Asset Values and Returns
    • Return Statistics and Risk
    • Risk-Adjusted Performance Measures
    • Databases, Indices and Benchmarks

  • Investing in Hedge Funds
    • Revisiting the Benefits and Risks of Hedge Fund Investing
    • Asset Allocation and Hedge Funds
    • Hedge Fund Selection: A Route Through the Maze
    • Funds of Hedge Funds
    • Structured Products on Hedge Funds
About the Author:

Francois-Serge Lhabitant, PhD, is CIO of Kedge Capital. He was formerly a Member of Senior Management at Union Bancaire Privée, and prior to this, a Director at UBS/Global Asset Management. On the academic side, he is a Professor of Finance at the University of Lausanne and at EDHEC Business School. His specialist skills are in the areas of alternative investment (hedge funds) and emerging markets. He is the author of several books on these two subjects and has published numerous research and scientific popularisation articles. He is also a member of the Scientific Council of the Autorité des Marches Financiers, the French regulatory body.

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