The Complete Guide to Hedge Funds and Hedge Fund Strategies is a comprehensive resource for investment practitioners, providing complete coverage of characteristics, constraints, risks and limitations of hedge fund investing. The book starts out by examining the fundamentals of hedge funds - their history and evolution, their key characteristics and what makes them different from other investment vehicles. It then describes in detail and with practical illustrations from the industry, the 20 main investment strategies implemented by hedge fund managers, including classic strategies like equity hedge, convertible arbitrage or event driven strategies but also less covered ones like mortgage backed securities, PIPE funds, volatility arbitrage or asset based lending. This is followed by a comprehensive analysis of the historical performance of hedge funds, compared to traditional investments, using classical and more advanced tools, and then a review of the funds during the financial crisis of 2002-2008. Finally, the book presents up to date coverage of regulation and governance of hedge funds, including UCITS and the Alternative Investment Fund Management Directive. The book is illustrated with more than 100 tables and 200 figures to illustrate key concepts. The Complete Guide to Hedge Funds and Hedge Fund Strategies will be an essential reference for anyone investing in or working in hedge funds and for anyone with an interest in these alternative investments, and how they work
1. What is a Hedge Fund? 2. Hedge Fund Characteristics 3. Investment Strategies 4. Hedge Fund Performance Over Time 5. Hedge Funds, LTCM and Recent Crises 6. Hedge Funds Regulation and Mutual Funds 7. Conclusion
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