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Alternative Investments
"Gestion Alternative : Origine, Stratégies, Performances"

Authors: François-Serge Lhabitant
Editions: Dunod
Pages: 320 pages
Date: 2004
 
 
 
Summary
The European alternative investment market is developing rapidly. This publication provides an introduction to the universe of alternative investment, and more specifically to that of alternative funds (or "hedge funds"). The latter are investment funds that allow leverage positions and short selling, investment in derivative instruments and the exploitation of all opportunities available on the market. They have grown by 20% over the last ten years and, despite increasing interest from a large number of investors in this new asset class due to its high performance, numerous questions still exist. The aim of this book is to answer these questions in a didactical, thematic and progressive way, thereby lifting the veil on a side of private wealth management that remains mysterious and opaque.

The book covers:

  • Characteristics of hedge funds
  • Historical perspective
  • Regulatory perspective
  • Classification of investment funds and styles
  • Examples of large funds and investment managers
  • Why invest in hedge funds?
  • How to analyse and select hedge funds?
  • Qualitative and quantitative analysis of hedge funds
  • Operational analysis
  • Building a hedge fund portfolio: direct portfolios, funds of funds, guaranteed capital products
  • How to mix alternative and traditional investment?
  • Myths and limits of hedge funds

About the Author:

François-Serge Lhabitant, PhD, has substantial experience in risk management and alternative investments, as both a practitioner and academic. Formerly, he was a Director at UBS/Global Asset Management and a Member of Senior Management at Union Bancaire Privée, in charge of quantitative analysis and the management of dedicated hedge fund portfolios. He is currently a professor of finance at the EDHEC Business School (France) and at the University of Lausanne (Switzerland), and a senior advisor to Kedge Capital Partners.

 
 
 
     


FTSE EDHEC-Risk Efficient Indexes: April 2012
United States 0.21%
United Kingdom -0.91%
Eurobloc -3.13%
Developed Europe -1.42%
Dev. Europe ex. UK -2.49%
Japan -5.29%
Dev. Asia ex. Jap. -0.17%
Asia-Pac. ex. Jap. -0.07%
Asia-Pacific -0.89%
Developed -0.41%
Emerging -0.95%
All World ex. US -1.02%
All World ex. UK -0.57%
All World -0.47%


EDHEC-Risk Alternative Indexes: Apr 2012 (Estimates)
Conv. Arb. -0.23%
CTA Global -0.01%
Dist. Sec. -0.11%
Emg. Mkts -0.45%
Eq. Mkt Neut. -0.08%
Event Driven -0.14%
Fix. Inc. Arb. 0.50%
Global Macro -0.49%
L/S Equity -0.65%
Merger Arb. -0.13%
Rel. Value -0.23%
Short Selling 1.02%
FoF -0.27%

EDHEC-Risk IEIF Commercial Property: April 2012
Price (FR) 0.64%
Total Return (FR) 1.90%