December 2009
Intermediate to advanced
224 pages
6h 17m
English
book
Fund of Funds Investing: A Roadmap to Portfolio Diversification
by Daniel A. Strachman, Richard S. Bookbinder
Content preview from Fund of Funds Investing: A Roadmap to Portfolio DiversificationBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 2. A Hedge Fund Is What?
Although this book is not intended to be a primer on hedge funds, one of the first tasks is for us to define the term hedge fund.
While there is no universally accepted definition, the term hedge fund generally refers to an investment vehicle that invests in a wide range of securities and other assets, and is not registered as an investment company under the Investment Act of 1940 (the 40 Act). As such, the hedge fund does not issue shares or units such as mutual funds to investors but instead offers limited partnership interests. Investments in hedge funds are not sold in a public offering like mutual funds, but through private placement offerings to investors that meet specific income and asset levels as defined by the 40 Act.
However, in light of the credit crisis of 2008 and the Madoff fraud, Congress is contemplating changing some of the requirements and guidelines mentioned previously and subsequently. At the time of publication, nothing had been made firm, and we don't know where things will end up. One thing is for sure: things will change sometime before the end of 2010. We don't know when it will come or what it will be, but we do know that things will change, maybe for the better, but quite possibly for the worse.
THE CREDIT CRISIS AND HEDGE FUNDS
It is important to understand the mechanics of hedge fund investing as they were in the early part of 2009.
Hedge funds are open to accredited investors and super-accredited investors that meet an ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.