January 2013
Beginner
350 pages
10h 25m
English
book
Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance
by Kevin R. Mirabile
Content preview from Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance
One portfolio manager and CIO
One senior and one junior trader
Two senior and three junior credit analysts
One chief operating officer, one CFO/fund accountant, one compliance officer, and perhaps ...Become 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,
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Organizational Structure
The typical convertible arbitrage management company organization requires a unique set of fixed-income, credit, and listed equity and options trading, financing, and analysis skills.
Generally, a convertible arbitrage fund, like other hedge fund strategies, is owned and operated by a single general partner who is the founder and/or a small number of additional partners. The general partner and founder typically acts as the CEO and CIO of the firm and usually has either a very strong credit research or options trading background. Organization models vary slightly, depending on whether the fund is volatility, credit, or distress and special situations oriented.
Let's assume a fund is managing $1 billion in assets and participates in all aspects of convertible arbitrage. A profile of the fund's important roles and responsibilities and typical backgrounds follows:
One portfolio manager and CIO
One senior and one junior trader
Two senior and three junior credit analysts
One chief operating officer, one CFO/fund accountant, one compliance officer, and perhaps ...Become 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,
and much more.
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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.