Hedge Fund Course 对冲基金课程

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收藏 2008-07-07

Stuart A. McCrary, «Hedge Fund Course»
对冲基金课程

Wiley | ISBN 0471671584 | 2004 Year | PDF | 1.98 Mb | 285 Pages

This is a elementary book that walks readers through a "course" about hedge funds—the industry, types of funds, performance measurement, taxes, etc. Primarily, it targets would-be investors. Readers are assumed to have little knowledge of finance or investing. A lot of what the book covers is basic finance. What is market value? How do you calculate a return? What is a standard deviation? What is duration?

As with most books on hedge funds, this one is a soft sell for hedge fund investing. Most other books provide some caveats about hedge funds, and I fault McCrary for failing to do so. He could have warned readers about hedge funds' negatively skewed return distributions. He could have explained that the hedge fund industry's performance claims are based on biased return data. He could have mentioned the conflicts of interest that prime brokers pose. He doesn't.

“ A self-study course that reviews the technical and quantitative knowledge necessary to properly manage a hedge fund Today, traditional asset managers are looking to develop their own hedge funds as alternative offerings to their clients. Hedge Fund Course presents all the technical and quantitative knowledge necessary to run a leveraged investment company, and complements the less-technical information presented in the popular, How to Create and Manage a Hedge Fund (0-471-22488-X). Filled with in-depth insight and expert advice, this book represents an executive-level educational program for money managers exploring the launch of alternative investment strategies or entering the hedge fund industry for the first time. Stuart A. McCrary (Winnetka, IL) is a partner with Chicago Partners LLC and specializes in options, mortgage-backed securities, derivatives, and hedge funds. As president of Frontier Asset Management, McCrary managed and ran his own hedge fund before joining Chicago Partners. He received his BA and MBA from Northwestern University.

这是一个初级的书，社会各界读者通过"两课"对对冲基金行业，类型的基金，绩效衡量，税金等主要是，它的目标将成为投资者。读者被假定为有知识甚少的财务或投资。很多什么书籍封面，是基本财务。什么是市场价值？你怎么计算回报？什么是标准差？是什么时间？

如同大多数书籍对对冲基金，这是一种软售价为对冲基金的投资。大多数其他的书籍，提供一些变量对对冲基金的，我错外线没有这样做。他本来可以警告读者对对冲基金的负面倾斜回报分布。他也可以解释说，对冲基金行业的表现，声称是基于偏颇的回报数据。他本来可以提到利益冲突，主要经纪商构成。他不。

"的自我学习过程中，审查了技术和定量知识，要妥善管理对冲基金的今天，传统的资产管理是寻求开发自己的对冲基金作为替代产品，以它们的客户。对冲基金当然介绍的所有技术和数量上必要的知识，开办一个杠杆的投资公司，并补充较少的技术资料介绍，在广受欢迎，如何创建和管理一个对冲基金（ 0 - 471 - 22488 -十）。洋溢在深入洞察和专家的意见，这本书代表了行政级教育发展计划，为基金经理探索推出另类投资策略或进入对冲基金业还是第一次。斯图尔特甲声乐（ winnetka ，白细胞介素），是美国的伙伴，与芝加哥伙伴有限责任公司和专门从事期权，住房抵押贷款证券化，衍生产品，基金和对冲基金。作为总统的前沿资产管理，古典管理和然他自己的对冲基金在加入芝加哥伙伴。他曾获得英航及工商管理硕士学位，美国西北大学。