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Hedge Fund Investing, Second Edition is a complete guide to alternative investments for students and professionals alike. This updated and expanded edition is a fully comprehensive guide to hedge fund investing in today's market, designed to provide professionals with the deep understanding they need to operate effectively. Broad coverage under the alternative investment umbrella includes discussion about hedge funds, derivatives, investment banking, and commercial banking, with specific guidance toward trading, strategy, portfolio management, performance metrics, due diligence, and more.
Alternative investment expertise has become central to the asset management and institutional investment community, and this peerless resource ensures a clear understanding of the intricacies of the field and skill-building guidance through the practical techniques used to navigate this diverse set of asset classes successfully.
This edition makes it easy to bring material into the classroom and includes rigorous reinforcement practice aimed at making you an expert on:
- Recognizing hedge fund trends, flows, and characteristics
- Examining major hedge fund strategies and how they interact
- The technical side of financing, settlement, and clearance
- Measuring fund performance and optimizing contributing factors
Whether you're studying for the CFA or CAIA exams or furthering your professional expertise, the learning objectives, clarifying illustrations, and thought-provoking discussion questions and exercises in each chapter enable you to master the how and why of the most prominent hedge fund investing strategies—including global macro and long/short equity, fixed income relative value, credit arbitrage, and convertible arbitrage.
Hedge Fund Investing, Second Edition gives you the deep and instinctual understanding you need to operate effectively within the alternative investment sphere.