All About Hedge Funds / Edition 1

by Robert A. Jaeger, Robert Jaeger

Overview

Hedge funds have long been viewed as mysterious, high-risk investments, unsuitable for most investors. All About Hedge Funds debunks these myths and explains how any investor can take advantage of the high-potential returns of hedge funds while incorporating safeguards to limit their volatility and risk. This clear-headed, commonsense guide tells investors:

• What hedge funds are--and what they are not
• Four key hedge fund strategies
• How to incorporate hedge funds into an existing portfolio
• Types of risk involved in hedge fund investing

Product Details

ISBN-13:	9780071393935
Publisher:	McGraw-Hill Companies,Inc.
Publication date:	10/15/2002
Series:	All About Series
Edition description:	First Edition
Pages:	309
Product dimensions:	0.69(w) x 9.00(h) x 6.00(d)

About the Author

Robert Jaeger, Ph.D., is vice chairman and chief investment officer of leading hedge fund firm Evaluation Associates Capital Markets.

Table of Contents

	Preface	vii
	Acknowledgments	xvii
	Introduction: The Basic Themes	1
Part 1	The Historical and Institutional Context
Chapter 1	The Historical Context	17
Chapter 2	Hedge Fund Managers and Clients	33
Chapter 3	Hedge Funds and the Brokerage Community	45
Chapter 4	The Lure of the Small	57
Part 2	Hedge Funds, Active Management, and Efficient Markets
Chapter 5	The Hedge Fund Challenge	71
Chapter 6	Efficient Markets, Emotion, and Skill	77
Chapter 7	Efficiently Diversified Portfolios	91
Chapter 8	The Tyranny of the Cap-Weighted Indexes	115
Part 3	The Tools of the Trade
Chapter 9	Leverage, Short Selling, and Hedging	133
Chapter 10	Futures and Options	151
Chapter 11	AM/FM Investing: The Modulation of Returns	163
Part 4	Some Operational Issues
Chapter 12	Legal and Regulatory Issues	181
Chapter 13	Performance Fees	193
Chapter 14	Tax Issues	197
Part 5	The Menu of Hedge Fund Strategies
Chapter 15	An Overview of the Menu	207
Chapter 16	Equity Hedge Funds and Global Asset Allocators	229
Chapter 17	Relative-Value Investing	241
Chapter 18	Event-Driven Investing	263
	Conclusion	283
Appendix I	The EACM 100 Index	291
Appendix II	Suggestions for Further Reading	293
	Glossary	297
	Index	301