Book Description:
The 1990's have seen phenomenal growth in hedge funds, also known as alternative investments. In 1990 there were only 70 hedge funds; today there are some 50,000, with $15 trillion under management. Along the way, there have been some spectacular collapses that have grabbed headlines nationwide: the well-publicized losses of Victor Niederhoffer, the $2 billion loss absorbed by George Soros, and the bailout of Long Term Capital Management. To invest in these important but complex and risky investment vehicles, professional money managers need new tools and frameworks to understand and evaluate exactly what and to whom they are entrusting their money. With am emphasis on risk--what it is, how to measure it, how to manage it--The Hedge Fund Handbook provides a comprehensive guide to the universe of hedge fund investing. The author guides the reader from a description of what hedge funds are and how they work to a complete list of key elements to look for in a hedge fund. The author also discusses, through the extensive use of charts and graphs, the quantitative pitfalls in valuing these alternative investments. Finally, the book shows how value is added to a portfolio through hedge funds and how to integrate hedge funds into an overall investment portfolio. This book provides a method for a detailed analysis of hedge funds while demonstrating the inadequacies of traditional methods of analysis.
About the Author:
Stefano Lavino (Norwalk, CT) is founder and managing director of the hedge fund firm LARA Capital, where his Flagship Fund returned 227% in three years. Lavino is a popular speaker in seminars and conferences worldwide.
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