March 2012
Intermediate to advanced
278 pages
6h 54m
English
Content preview from Hedge Fund Modelling and Analysis Using Excel and VBABecome 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.
3
Hedge Fund Data Sources
Obtaining accurate, reliable and timely data on hedge funds is of extreme importance to a manager or analyst wishing to measure monitor and assess the returns and performance of such investment opportunities. Consistent and robust hedge fund indices and trustworthy benchmarks are also necessary and valuable when trying to obtain a clear representation of a hedge fund's track record, and the current state of the industry.
This chapter reviews a range of prominent commercial hedge fund databases and the variety of indices and benchmarks they produce. In addition, the many pitfalls and problems that need to be understood when interpreting and using such summary statistics are discussed. In particular, the inherent heterogeneity and lack of representativeness within the hedge fund universe is highlighted as a major concern in the industry. Moreover, some of the most innovative products developed in order to overcome some such shortfalls are reviewed.
3.1 HEDGE FUND DATABASES
Many hedge fund managers voluntarily provide monthly hedge fund performance data to a variety of commercial databases. These hedge fund databases collect, assimilate and produce informative reports, indices and benchmarks based on this information for potential investors, consultants, analysts and academics involved in investment and research on hedge funds. Such data allow the construction and publication of numerous non-investable and investable indices that purport to give an indication ...
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.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
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.