A detailed, step-by-step book covering the entire hedge fundevaluation process
Investing in hedge funds is different from investing in otherasset classes. There is much less publicly available informationabout hedge funds performance than there is about mutual funds orindividual stocks. Consequently, investing in this class requiresmore sophisticated investment knowledge, greater due diligence,and, in many cases, a better-developed ability to evaluateinvestment managers.
Hedge Fund Analysis provides a broad framework of how toapproach this endeavor, from initial screening to analyticaltechniques, interviewing skills, and legal and contractnegotiations. Along the way, it demonstrates a variety ofmechanisms for monitoring and tracking hedge funds and theunderlying hedge fund portfolios--explaining each stage of theprocess in minute detail and providing specific examples whichfully explain the opportunities and challenges you'll face eachstep of the way.
* Provides a detailed look at how to source hedge funds, screenthrough them, and rank their strengths and weaknesses
* Lays out a thorough process for evaluating funds, from initialinterviews to performance analysis to onsite meetings
* Reveals what questions to ask by strategy in order tounderstand the underlying risk factors associated with each
* Highlights non-investment analysis, including operational duediligence and risk management, as integral elements in theprocess
Written by a financial professional with over twenty years ofexperience conducting investment manager due diligence, this bookwill put you in a position to make more informed decisions wheninvesting in hedge funds.