January 2008
Intermediate to advanced
289 pages
6h 55m
English
Content preview from Hedge Funds of Funds: A Guide for Investors
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,
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.
12
A Sample Hedge Fund of Funds Investment Report
12.1 OVERVIEW
In this chapter I illustrate the points raised in the rest of this section through an example of an investment report on a hedge fund of funds. I have based the report on no particular hedge fund of funds although obviously, as Chief Investment Officer of Key Asset Management, some of the example comes from experience. Nonetheless, this is something of an amalgamation of hedge fund of funds I know and shouldn't be taken to be a factual representation of any one hedge fund of funds. All names of individuals and companies are imaginary where appropriate. As with the example in Part II, I add comments on answers in italics when I think it may be useful.
12.2 THE REPORT
Investment report on the K-Hedge Fund of Funds
12.2.1 Summary and Critical Analysis
| Fund: | K-Hedge |
| Manager: | K Asset Management |
| Manager Contact: | Jack F |
| Strategy: | Multi-Strategy Fund of Funds |
| Geographical Focus: | Global |
| Fund Inception: | 1990 |
| Manager Founded: | 1989 |
Fund Overview
K-Hedge is a multi-strategy hedge fund of funds seeking to return 3 month LIBOR + 3–5% p.a. over a three year rolling period with risk of around 5% annualised volatility. The fund invests across all hedge fund strategies but there is an in-house bias away from CTAs, Structured Credit and ABL and mortgage backed securities arbitrage. The fund has been around for 16 + years without a losing year and has generally delivered on its return objectives.
In the case of companies ...
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.