January 2008
Intermediate to advanced
289 pages
6h 55m
English
Content preview from Hedge Funds of Funds: A Guide for InvestorsBecome 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,
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15
The Leading Edge: Recent Innovations in the Hedge Fund of Funds World
15.1 OVERVIEW
In this chapter, we will take a look at some work in the hedge fund space from academics, and some recent innovations from practitioners in the field. Given that the research of the former often provides product ideas for the latter, it is beneficial to look at both parties. For example, the Goldman Sachs research paper issued in 2004 (Goldman Sachs, 2004) resulted in the Goldman Sachs ART hedge fund replication vehicles launched in December 2006. As a result, I will present new work by topic, irrespective of academic or practitioner origin. Specifically, I will look at the academic and practitioner work one each of the following areas:
- Hedge fund returns
- Hedge fund indexation and replication
- Hedge fund structures and structured products
- Hedge fund risk
- Other hedge fund work
I will cover ongoing work and working papers as well as peer-reviewed publications in journals in order to fully represent current areas of research, as it can take a considerable amount of time to get work published. Wherever possible, I have included the latest work on the subject area (i.e. since 2005) but have also referenced older ‘classic’ papers when their relevance is still strong.
15.2 HEDGE FUND RETURNS
Some of the first published academic work on hedge funds was based around analysis of track records through databases and indices, and has shown that basic results imply that hedge funds are capable of superior ...
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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.