book

Hedge Funds of Funds: A Guide for Investors

by Chris Jones

January 2008

Intermediate to advanced

289 pages

6h 55m

English

Wiley

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1.1 ABOUT THIS BOOK1.2 OVERVIEW1.3 WHAT ARE HEDGE FUNDS?1.4 HOW DO HEDGE FUNDS GENERATE ABSOLUTE RETURNS?1.5 WHO INVESTS IN HEDGE FUNDS?1.6 WHERE'S THE CATCH?1.7 WHAT ARE HEDGE FUNDS OF FUNDS?1.8 THE GROWTH OF HEDGE FUNDS1.9 CONCLUSION1.10 GLOSSARY FOR CHAPTER 11.11 SUMMARY OF IDEAS FOR CHAPTER 1
2.1 OVERVIEW2.2 EQUITY LONG/SHORT2.3 EVENT DRIVEN AND DISTRESSED INVESTING2.4 RELATIVE VALUE AND ARBITRAGE STRATEGIES2.5 TRADING AND MACRO STRATEGIES2.6 SUMMARY2.7 GLOSSARY FOR CHAPTER 22.8 SUMMARY OF IDEAS FOR CHAPTER 2
3.1 OVERVIEW3.2 THE BENEFITS OF INVESTING WITH HEDGE FUNDS3.3 THE RATIONALE FOR HEDGE FUND RETURNS3.4 HEDGE FUND STRATEGIES AND THE NATURE OF HEDGE FUND RETURNS3.5 THE DOWNSIDES OF INVESTING IN HEDGE FUNDS3.6 SUMMARY3.7 GLOSSARY FOR CHAPTER 33.8 SUMMARY OF IDEAS FOR CHAPTER 3

4.1 OVERVIEW4.2 WHAT DO HEDGE FUNDS OF FUNDS DO?4.3 THE ROLE OF THE HEDGE FUND OF FUNDS MANAGER4.4 HEDGE FUND OF FUNDS VS DIRECT INVESTMENT: BENEFITS AND DOWNSIDES4.5 HEDGE FUND OF FUNDS VS MULTI-STRATEGY HEDGE FUNDS4.6 SUMMARY AND CONCLUSION OF PART I4.7 GLOSSARY FOR CHAPTER 44.8 SUMMARY OF IDEAS FOR CHAPTER 4
5.1 OVERVIEW5.2 HEDGE FUND OF FUNDS CORE FUNCTIONS5.3 HEDGE FUNDS OF FUNDS CORE PERSONNEL5.4 SUMMARY5.5 SUMMARY OF IDEAS FOR CHAPTER 5
6.1 OVERVIEW6.2 STRATEGY ANALYSIS AND ALLOCATION6.3 SOURCING AND CAPACITY NEGOTIATION6.4 QUANTITATIVE ANALYSIS AND FILTERING6.5 QUALITATIVE ANALYSIS6.6 REFERENCING AND OPERATIONAL DUE DILIGENCE6.7 PORTFOLIO CONSTRUCTION FOR HEDGE FUNDS OF FUNDS6.8 CRITICAL ANALYSIS AND THE DECISION PROCESS6.9 SUMMARY6.10 SUMMARY OF IDEAS FOR CHAPTER 6
7.1 OVERVIEW – RISK AND HEDGE FUNDS7.2 RISK MANAGEMENT METHODOLOGY WITHIN HEDGE FUNDS7.3 ASSESSING THE RISK MANAGEMENT PROCESS OF HEDGE FUNDS7.4 RISK MANAGEMENT WITHIN HEDGE FUNDS OF FUNDS7.5 ONGOING MONITORING AND PORTFOLIO MANAGEMENT7.6 SUMMARY7.7 SUMMARY OF IDEAS FOR CHAPTER 7
8.1 OVERVIEW8.2 THE REPORT: Investment Report on the XYZ Hedge FundEND8.3 SUMMARY8.4 SUMMARY OF IDEAS FOR CHAPTER 8
9.1 OVERVIEW9.2 INVESTMENT PROCESS9.3 RISK MANAGEMENT, PORTFOLIO MANAGEMENT AND MONITORING9.4 TRACK RECORD ANALYSIS9.5 THE HEDGE FUND OF FUNDS TEAM9.6 OPERATIONAL ASPECTS OF HEDGE FUNDS OF FUNDS9.7 SUMMARY9.8 SUMMARY OF IDEAS FOR CHAPTER 9
10.1 OVERVIEW10.2 DESIGNING THE SELECTION AND INVESTMENT PROCESSES10.3 SOME TIPS FOR MEETING WITH HEDGE FUNDS OF FUNDS10.4 SUMMARY10.5 SUMMARY OF IDEAS FOR CHAPTER 10
11.1 OVERVIEW11.2 INVESTING IN A HEDGE FUND OF FUNDS11.3 BENCHMARKING AND MONITORING11.4 SUMMARY11.5 SUMMARY OF IDEAS FOR CHAPTER 11
12.1 OVERVIEW12.2 THE REPORTEND12.3 SUMMARY12.4 SUMMARY OF IDEAS FOR CHAPTER 12
13.1 OVERVIEW OF PART IV13.2 CHAPTER OVERVIEW13.3 STRUCTURED PRODUCTS13.4 PORTABLE ALPHA13.5 LIABILITY DRIVEN INVESTMENTS13.6 SUMMARY13.7 SUMMARY OF IDEAS FOR CHAPTER 13
14.1 OVERVIEW14.2 HEDGE FUND INDICES14.3 HEDGE FUND REPLICATION14.4 SUMMARY14.5 SUMMARY OF IDEAS FOR CHAPTER 14
15.1 OVERVIEW15.2 HEDGE FUND RETURNS15.3 HEDGE FUND INDEXATION AND REPLICATION15.4 HEDGE FUND STRUCTURES AND STRUCTURED PRODUCTS15.5 HEDGE FUND RISK15.6 OTHER HEDGE FUND WORK15.7 SUMMARY15.8 SUMMARY OF IDEAS FOR CHAPTER 15

Overview

Hedge Funds of Funds: A Guide for Investors is a comprehensive guide to investing in hedge funds of funds. Written by an experienced practitioner in clear, concise and jargon free language, this book gives an inside view of this often opaque area and empowers readers with the tools to get to the bottom of how hedge funds of funds really work.

Key features include:

A full description of the skill sets and facets needed in all areas of a hedge funds of funds;

A wide-ranging set of questions to ask when assessing every area of a hedge fund of funds;

Advice on every part of the process when investing in a hedge fund of funds, from short-listing through to mandate design and benchmarking;

Two comprehensive practical examples of investment reports on both a hedge fund and a hedge fund of funds;

A comprehensive analysis of recent developments in the field;

A glossary of hedge fund terminology to help the reader de-code the jargon associated with the area.

This book is essential reading for all those interested in developing depth to their understanding of how to invest in hedge funds of funds and how they, in turn, invest with hedge funds.