Investment Strategies of Hedge Funds

1

Ineichen, A.M. (2003) Absolute Returns: The Risk and Opportunities of Hedge Fund Investing, John Wiley & Sons, Inc.

2

See page 298 for full copyright notice.

3

See page 298 for full copyright notice.

4

Foster, R. and Kaplan, S. (2001) Creative Destruction: Why Companies That Are Built to Last Underperform the Market - And How to Successfully Transform Them, New York: Doubleday.

5

Share buy-up to force investors who sold short to repurchase the securities to cover the shares called in by brokers.

6

Staley, K.F. (1997) The Art of Short Selling, New York: John Wiley & Sons, Inc.

7

Selling short without having borrowed the securities beforehand to make delivery.

8

See page 298 for full copyright notice.

9

See page 298 for full copyright notice.

10

In practice, these funds have a positive US equity market bias as a result of sheer size.

11

Graham, B. (1973) The Intelligent Investor, New York: HarperBusiness.

12

The figures in this example are purely illustrative.

13

Options that can be exercised only upon maturity.

14

The figures in this example are purely illustrative.

15

See page 298 for full copyright notice.

16

See page 298 for full copyright notice.

17

Giovanni Beliossi, Prendere la via lunga e quella corta, Risk Italia, December 2001.

18

See page 298 for full copyright notice.

19

See page 298 for full copyright notice.

20

Brealey, R. and Myers, S. (2000) Principles of Corporate Finance, 6th edition, New York: McGraw Hill.

21

Kerschner, E. and Geraghty, M. ...