July 2018
Intermediate to advanced
256 pages
6h 22m
English
Content preview from Frontiers of Risk Management, Volume I
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The Risks Within the Hedge Fund Industry
Diccon Smeeton
ABN AMRO
Introduction
A quick scan of the financial press reveals many influential pundits still consider the hedge fund industry to be a cabal of rapacious, Gordon Gecko types, or “locusts” hell-bent on financial Armageddon!
Incontrovertibly, the hedge fund industry has witnessed explosive growth since the early 1990s. It no longer bears any resemblance whatsoever to the cottage industry of a decade ago, however, and is a respected alternative asset class essential to an institutionalized investment portfolio, with risks better understood and managed by all participants. Growth has been fuelled largely by significant fund development in Europe and in Asia, albeit from low bases, ...