 |
|
|
|
|||||
 |
Alternative Investments | |
||||||
|
||||||||
|
|
|||||||
Summary |
|
|||||||
|
|
|||||||
This primer on the analysis of hedge funds offers investors a more quantitative understanding of this topic, providing a complete guide to portfolio techniques, asset allocation, performance measurement and product selection in the alternative investment world.
Hedge funds are the fastest growing sector of the financial industry, and yet the least understood, by market professionals. This book examines and popularises the results of several quantitative studies that have so far been confirmed within academic circles. It provides a step-by-step introduction on how quantitative tools can be applied to hedge fund investing. Divided into three parts, the book begins with coverage of the measurement of risk-adjusted returns for hedge funds. The focus is not on determining whether hedge funds outperform or under-perform traditional markets, but rather on understanding the real meaning of performance statistics used by hedge fund managers and quantitative analysts. The second part of the book examines the risk exposures of hedge funds, and subsequently, their return drivers. The final part of the book enters the field of portfolio construction and asset allocation. Written by a highly regarded and impartial financial practitioner and academic, it provides an excellent follow-on to Hedge Funds: Myths & Limits (Wiley 2002). 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 the 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. |
||||||||
|
|
|||||||
|
|
EDHEC-Risk Concept
Industry Analysis
Featured Analysis
Latest EDHEC-Risk Surveys
Research News
Research Papers
Books
Features
Interviews
Indexes and Benchmarking
EDHEC-Risk Efficient Equity Indices
FTSE EDHEC-Risk ERAFP SRI Index
Equity Index Research
EDHEC-Risk Alternative Indexes
Hedge Fund Index Research
EDHEC-Risk IEIF Commercial Property Indices
Amundi ETF "Core-Satellite and ETF Investment" Research Chair
Style and Performance Analysis
Hedge Fund Performance
EuroPerformance/EDHEC-Risk Institute Style Ratings
Performance Measurement for Traditional Investment
Asset Allocation and Alternative Diversification
Real Assets
Newedge "Advanced Modelling for Alternative Investments" Research Chair
CME Group "Exploring the Commodity Futures Risk Premium: Implications for Asset Allocation and Regulation" Strategic Research Project
SGCIB "Structured Equity Investment Strategies for Long-Term Asian Investors" Strategic Research Project
Asset Allocation and Derivative Instruments
Structured Forms of Investment Strategies
FBF "Structured Products and Derivatives" Research Chair
Eurex "The Benefits of Volatility Derivatives in Equity Portfolio Management" Strategic Research Project
ALM and Asset Management
AXA Investment Managers "Regulation and Institutional Investment" Research Chair
BNP Paribas Investment Partners "ALM and Institutional Investment Management" Research Chair
Deutsche Bank "Asset-Liability Management Techniques for Sovereign Wealth Fund Management" Research Chair
Ontario Teachers' Pension Plan "Advanced Investment Solutions for Liability Hedging for Inflation Risk" Research Chair
Rothschild & Cie "The Case for Inflation-Linked Corporate Bonds: Issuers' and Investors' Perspectives" Research Chair
Russell Investments "Solvency II Benchmarks" Research Chair
La Française AM "Dynamic Allocation Models and New Forms of Target-Date Funds for Private and Institutional Clients" Research Chair
Operational Risks and Performance
Best Execution: MiFID and TCA
Mitigating Hedge Funds Operational Risks
CACEIS "Risk and Regulation in the European Fund Management Industry" Research Chair
EDHEC-Risk Publications
Reports, Studies, Surveys and Position Papers
Academic Publications
All EDHEC-Risk Publications
Events
Events organised by EDHEC-Risk Institute
CFA Institute/EDHEC-Risk Institute Advances in Asset Allocation Seminar, San Francisco, 6-8 March, 2012
Execution and Trading on Equity Markets - The New Landscape, Singapore, 9 March, 2012
EDHEC-Risk Days Europe 2012, London, 27-29 March, 2012
Alternative Asset Allocation Seminar, New York, 11-13 April, 2012
Advances in Equity Portfolio Construction Seminar, London, 19-20 April, 2012
State-of-the-Art Commodities Investing Seminar, Singapore, 23-24 April, 2012
EDHEC-Risk Days Asia 2012, Singapore, 9-10 May, 2012
CFA Institute/EDHEC-Risk Institute Advances in Asset Allocation Seminar, New York, 12-14 June, 2012
Advanced Commodity Investment Seminar, London, 19-20 June, 2012
Events involving EDHEC-Risk Institute's participation
EDHEC-Risk Institute
Presentation
Research Programmes
Research Chairs and Strategic Research Projects
Partnership
International Advisory Board
Team
EDHEC-Risk News
EDHEC-Risk Newsletter
EDHEC-Risk Press Releases
EDHEC-Risk in the Press
Careers
EDHEC Business School
EDHEC-Risk Executive Education
EDHEC-Risk Institute PhD in Finance
EDHEC-Risk Institute Executive MSc in Risk and Investment Management
Investment Management Seminars
Contact Us
Contact Us
