Managing Hedge Fund Managers
Quantitative and Qualitative Performance Measures
Wiley Finance Editions
1. Auflage April 2009
272 Seiten, Hardcover
Fachbuch
Invaluable insight into measuring the performance of today's hedge fund manager
More and more institutional funds and high-net-worth assets are finding their way to hedge funds. This book provides the quantitative and qualitative measures and analysis that investment managers, investment advisors, and fund of fund managers need to allocate and monitor their client's assets properly. It addresses important topics such as Modern Portfolio Theory (MPT) and Post Modern Portfolio Theory (PMPT), choosing managers, watching performance, and researching alternate asset classes. Author Edward Stavetski also includes an appendix showing detailed case studies of hedge funds, and gives readers a road map to monitor their investments.
Edward J. Stavetski (Wayne, PA) is Director of Investment Oversight for Wilmington Family Office, serving ultra high-net-worth families in strategic asset allocation, traditional and alternative investment manager selection, and oversight.
Highlights of the Book.
Acknowledgments.
Introduction.
The Art and Science of Hedge Fund Investing--Are You Precisely Wrong or Approximately Correct?
The Explosion of Hedge Funds.
What are Hedge Funds?
Finding a Comfort Zone.
A Look beneath the (Book) Covers.
As You Begin.
Chapter 1. Asset Allocation and Fiduciary Duty.
Chapter 2. Large Versus Small Funds.
Chapter 3. The Search for an Honest Man.
Chapter 4. Performance Analysis.
Chapter 5. Risk in Hedge Funds.
Chapter 6. You Only Find out Who Is Swimming Naked When the Tide Goes Out.
Chapter 7. Let the Games Begin.
Chapter 8. Getting Ready is the Secret to Success.
Chapter 9. Navigating Buyers Remorse.
Chapter 10. Monitoring Your Flock.
Appendix A. Sample Investment Policy Statement.
Appendix B. Sample ADV Part II with ADV Schedule F.
Appendix C. Hedge Fund Manager Due Diligence Questionnaire.
Appendix D. U.S. Equity Long/Short Managers.
Index.
