Book description
Successful hedge fund investing begins with well-informed strategy
A Guide to Starting Your Hedge Fund is a practical, definitive "how-to" guide, designed to help managers design and launch their own funds, and to help investors select and diligence new funds. The first book to examine the practical aspects of setting up and operating funds with a focus on energy commodity markets, this book scrutinises the due diligence process and comprehensively reviews the opportunities and risks of all energy commodity markets as hedge fund investments. Extensive planning and strategy advice prove invaluable to prospective fund managers and investors alike, and detailed discussion of the markets' constraints help inform procedural decisions. Readers gain insight into practical matters including legal and commercial structures, due diligence, fund raising, operations, and more, allowing them to construct a concrete investment plan before ever touching a penny.
Asset managers are looking to energy commodities to provide attractive uncorrelated - if volatile - returns. These high returns, however, are accompanied by high risk. Few investors have experience evaluating these investment opportunities, and few prospective fund managers understand the market fundamentals and their associated risks. This book provides the answers sorely lacking in hedge fund literature, giving investors and fund managers the background they need to make smarter decisions.
Understand the markets' structures, opportunities, and risks
Develop a comprehensive, well-informed investment strategy
Conduct thorough due diligence with a detailed plan
Examine the practical aspects of fund raising, legal and tax structure, and more
Oil has long been traded by hedge funds, but electricity, the fuels that generate electricity, and the environmental products like emissions allowances and weather derivatives have become the new "hot" investment strategies. These high returns come with higher risk, but A Guide to Starting Your Hedge Fund ensures participants have essential information at their disposal.
Table of contents
- Title Page
- Copyright
- Dedication
- Acknowledgements
- Part I: Why This Book?
- Part II: The Basics
-
Part III: Starting the Journey
- Chapter 5: The Business Plan: Implications and Applications
-
Chapter 6: Laws, Contracts, and Lawyers
- Don't Kill Your Lawyer
- Legal Basics for Funds
- Master–Feeder Fund Structures
- Side-Pocket Structures
- The Firm
- The Investment Advisory Agreement
- Attributes and Variations of the Investment Management Enterprise
- Structural Design Decisions
- Case Study: Complex Tax Structuring
- Be Nice To Your Lawyer
- Bibliography
- Chapter 7: Service Providers
- Part IV: Running the Business
- Part V: Final Thoughts
- Appendix A: Sample Business Plan Outline
- Appendix B: Outline of a Confidential Explanatory Memorandum: Sample Offshore Feeder Ltd
- Appendix C: Sample Due Diligence Questionnaire Outline
- Index
- End User License Agreement
Product information
- Title: A Guide to Starting Your Hedge Fund
- Author(s):
- Release date: May 2015
- Publisher(s): Wiley
- ISBN: 9780470519400
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