January 2013
Beginner
350 pages
10h 25m
English
First and foremost, an investor must be well prepared when trying to assess any investment opportunity. This is particularly true in trying to evaluate the skill of a hedge fund manager or the attractiveness of any investment process. Being prepared means having a firm understanding of why you are considering a particular type of investment style or strategy. It means knowing how that style should react to various market conditions. By fully understanding the strategy beta, you will be able to focus more time and attention on the manager's ability to generate alpha relative to peers in the same strategy.
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