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Table of Contents
About the Author v
Preface vii
1. What is an Alternative Asset Class? 1
Section I Hedge Funds 9
2. Introduction to Hedge Funds 11
3. Establishing a Hedge Fund Investment Program 37
4. Selecting a Hedge Fund Manager 57
5. Due Diligence for Hedge Fund Managers 69
6. Risk Management Part 1: Hedge Fund Return Distributions 93
7. Risk Management Part II: Additional Hedge Fund Risks 119
8. Regulation of Hedge Funds 143
9. Should Hedge Funds Be Institutionalized? 165
Section II Commodity and Managed Futures 175
10. Introduction to Commodities 177
11. Investing in Commodity Futures 199
12. Commodity Futures in a Portfolio Context 225
13. Managed Futures 241
Section III Private Equity 259
14. Introduction to Venture Capital 261
15. Introduction to Leveraged Buyouts 283
16. Debt as Private Equity 305
17. The Economics of Private Equity 333
18. Alternative Investment Strategies in Private Equity 355
19. Performance Measurement for Private Equity 381
Section IV Credit Derivatives 407
20. Introduction to Credit Derivatives 409
21. Collateralized Debt Obligations 431
Section V Corporate Governance 467
22. Corporate Governance as an Alternative Investment Strategy 469
Index 489