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
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Discussion Questions and Problems
1. What are the most common measures of fund performance?
2. Why are multiple forms of performance measures needed to evaluate hedge fund returns?
3. What are some of the drawbacks and risks of hedge funds that produce mostly beta?
4. What is alpha and how is it calculated and used to select funds?
5. Why do skew and kurtosis matter?
6. What is the value of stressing a fund's current portfolio against specific prices or scenarios rather than just relying on a fund's historical returns or factor exposures?
7. What are some of the reasons that performance of specific hedge funds is not persistent over long periods?
8. What is self-reporting bias and how can it be detected or reduced?
9. What is survivorship bias?
10. How might survivorship bias influence capital allocation to hedge funds?
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