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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Glossary
Absolute Return
A fund manager seeks to generate absolute returns if he aims to generate positive returns irrespective of the movements of underlying markets or benchmarks.
Alpha
Return generated through skill rather than just passive market exposure.
Arbitrage
A risk free instantaneous profit from financial markets; nowadays taken to mean a low risk market independent profit.
Beta
The reliance of any return or portfolio on passive underlying market exposure.
Beta Neutral
A portfolio is beta neutral if its long and short positions are matched to leave no residual market exposure.
Capacity
The maximum amount of assets that can be managed in a given hedge fund, as decided by the hedge fund manager. A hedge fund manager may search for capacity in a hedge fund when it looks soon to close but they want to get in. A hedge fund that has enough assets under management to close to new investment is said to be at capacity.
Closed
A fund that is closed will not take in any new investors or investments.
Convertible Bond
A corporate bond that can be converted into an equity from the same issuer.
Convertible Bond Arbitrage
A hedge fund strategy based on misevaluations and arbitrage opportunities in the convertible bond market.
Credit Derivatives
Options, swaps and other derivatives based on the credit rating of an underlying company or index.
Credit Spreads
The difference in yield between corporate and government bonds.
Crystallised Loss
A loss that cannot be regained from a given position ...
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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.