May 2014
Intermediate to advanced
256 pages
3h 54m
English
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Most investors have only a vague idea, at best, about how an alternative investment portfolio manager earns returns on a portfolio of securities. Not surprisingly, there are, of course, a wide range of strategies available to these managers. This chapter discusses the major investment strategies employed by Investment Company Act of 1940 (’40 Act) alternative vehicles and explains how each broad category is managed for investors.
It’s useful, however, to first broadly review how hedge fund portfolio managers attempt to earn positive excess returns, or alpha, in their activities. ...
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