Hedge Funds And Financial Markets

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Hedge Funds

Author : H. Kent Baker
Publisher : Oxford University Press
ISBN 13 : 0190607386
Total Pages : 697 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Hedge Funds by : H. Kent Baker

Download or read book Hedge Funds written by H. Kent Baker and published by Oxford University Press. This book was released on 2017-07-26 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedge Funds: Structure, Strategies, and Performance provides a synthesis of the theoretical and empirical literature on this intriguing, complex, and frequently misunderstood topic. The book dispels some common misconceptions of hedge funds, showing that they are not a monolithic asset class but pursue highly diverse strategies. Furthermore, not all hedge funds are unusually risky, excessively leveraged, invest only in illiquid asses, attempt to profit from short-term market movements, or only benefit hedge fund managers due to their high fees. Among the core issues addressed are how hedge funds are structured and how they work, hedge fund strategies, leading issues in this investment, and the latest trends and developments. The authors examine hedge funds from a range of perspectives, and from the theoretical to the practical. The book explores the background, organization, and economics of hedge funds, as well as their structure. A key part is the diverse investment strategies hedge funds follow, for example some are activists, others focusing on relative value, and all have views on managing risk. The book examines various ways to evaluate hedge fund performance, and enhances understanding of their regulatory environment. The extensive and engaging examination of these issues help the reader understands the important issues and trends facing hedge funds, as well as their future prospects.

Hedge Funds and Financial Market Dynamics

Author : Mrs.Anne Jansen
Publisher : International Monetary Fund
ISBN 13 : 9781557757364
Total Pages : 92 pages
Book Rating : 4.7/5 (573 download)

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Book Synopsis Hedge Funds and Financial Market Dynamics by : Mrs.Anne Jansen

Download or read book Hedge Funds and Financial Market Dynamics written by Mrs.Anne Jansen and published by International Monetary Fund. This book was released on 1998-05-15 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedge funds are collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes. Their legal status places few restrictions on their portfolios and transactions, leaving their managers free to use short sales, derivative securities, and leverage to raise returns and cushion risk. This paper considers the role of hedge funds in financial market dynamics, with particular reference to the Asian crisis.

Investment Secrets of a Hedge Fund Manager

Author : Laurence A. Connors
Publisher : McGraw-Hill Companies
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Investment Secrets of a Hedge Fund Manager by : Laurence A. Connors

Download or read book Investment Secrets of a Hedge Fund Manager written by Laurence A. Connors and published by McGraw-Hill Companies. This book was released on 1995 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents many strategies to trade the stock, futures and options markets. These strategies are designed to take advantage of the herd mentality of the financial markets, and are based on what actually happens in the markets. This book is useful for traders and investor who are seeking proven methods for beating markets.

Hedge Funds and Financial Markets

Author : Julian Holler
Publisher : Springer Science & Business Media
ISBN 13 : 3834936162
Total Pages : 434 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Hedge Funds and Financial Markets by : Julian Holler

Download or read book Hedge Funds and Financial Markets written by Julian Holler and published by Springer Science & Business Media. This book was released on 2012-01-02 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedge funds have started to play an important role in financial markets during the last decade. They have affected important aspects of financial intermediation such as asset allocation decisions and corporate governance. Julian Holler provides an excellent theoretical and empirical analysis of these issues. His analysis offers strong support that hedge funds enable investors to improve asset allocation decisions. Consequently, hedge funds are an interesting alternative asset class for institutional investors. In contrast to results for the U.S. capital market his research provides evidence that hedge fund activism does not persistently increase the value of firms in Germany. This result suggests that the institutional environment has a strong influence on the effectiveness of corporate governance mechanisms.

Hedge Funds

Author : Theodor Baums
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110907348
Total Pages : 172 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Hedge Funds by : Theodor Baums

Download or read book Hedge Funds written by Theodor Baums and published by Walter de Gruyter GmbH & Co KG. This book was released on 2015-02-06 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The number of hedge funds and the assets they have under management has increased in recent years. This increase became significantly more pronounced after the market downturn in 2001. Hedge funds can help investors to benefit from volatile and even sinking stock markets. However, despite the prominent use of the word "hedge" in their name, such funds rarely offer a safe hedge against risk, given that they depend heavily on skill-based investment techniques and often invest in highly speculative financial instruments. Nevertheless, such funds received no specific treatment in the legislation of such major markets as Germany and the United States for years. Against the backdrop of international regulatory concern for hedge funds, the Institute for Law and Finance (ILF), in cooperation with Deutsches Aktieninstitut e.V. (DAI), brought together leading scholars, lawyers and bankers, to assess the risks, opportunities and regulatory challenges that hedge funds present. At the time of the conference, German lawmakers were still discussing the need and possible content of a new law. The fruit of their discussions was the German Investment-Modernization Act (Investmentmodernisierungsgesetz), which entered into force on January 1, 2004, and increased the attractiveness of offering hedge fund products in the German market. This inaugural volume of the Institute for Law and Finance Series contains the proceedings of the ILF/DAI May 2003 conference entitled "Hedge Funds: Risks and Regulation", and presents papers discussing the economic characteristics of and regulatory strategies for addressing hedge funds. The first two papers examine hedge funds from an economic perspective. Alexander M. Ineichen, Managing Director and Global Head of AIS Research at UBS, reveals the economic reality of hedge funds from the myths that has surrounded them. Then Franklin R. Edwards, Professor and Director of the Center for the Study of Futures Markets of the Columbia Business School in New York explains how the regulation of hedge funds should be tailored to their core economic reality and the goals of financial stability and investor protection. Next, Marcia L. MacHarg, a partner of Debevoise & Plimpton LLP, Ashley Kovas, a Manager in the Business Standards Department of the Financial Services Authority, London, and Edgar Wallach, a partner of Hengeler Mueller, present the state of the relevant regulatory structures in the United States, the United Kingdom, and Germany, respectively. The book then closes with an analysis of corporate structures used for German hedge funds, offered by Kai-Uwe Steck, a member of the German Asset Management practice group of Shearman & Sterling LLP.

Hedge Fund Alpha

Author : John M. Longo
Publisher : World Scientific
ISBN 13 : 9812834664
Total Pages : 333 pages
Book Rating : 4.8/5 (128 download)

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Book Synopsis Hedge Fund Alpha by : John M. Longo

Download or read book Hedge Fund Alpha written by John M. Longo and published by World Scientific. This book was released on 2009 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedge funds are perhaps the hottest topic in finance today, but little material of substance to date has been written on the topic. Most books focus on how to set up a hedge fund and the basic strategies, while few to none focus on what matters most: generating and understanding investment performance. This book takes an exclusive look at the latter, including an analysis of the areas that are most likely to generate strong investment returns OCo namely, the emerging markets of Brazil, Russia, India and China. The book will be invaluable to not only financial professionals, but anyone interested in learning about hedge funds and their future.

Inside the House of Money

Author : Steven Drobny
Publisher : John Wiley & Sons
ISBN 13 : 1118865723
Total Pages : 375 pages
Book Rating : 4.1/5 (188 download)

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Book Synopsis Inside the House of Money by : Steven Drobny

Download or read book Inside the House of Money written by Steven Drobny and published by John Wiley & Sons. This book was released on 2013-11-26 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: New commentary and updates to enlightening interviews with today's top global macro hedge fund managers This updated paperback edition of Inside the House of Money lifts the veil on the typically opaque world of hedge funds offering a rare glimpse at how today's highest paid money managers approach their craft. Now with new commentary, author, Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies and approaches to markets. Whereas some still maintain that rationality permeates financial markets, Drobny captures a different dimension, showing how the unquantifiable human forces of emotion and intuition are also at play. Along the way, readers get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades. Discusses how no market or instrument is out of bounds for these elite global macro hedge fund managers Offers unique and illuminating insight into an inaccessible and sometimes downright secretive world Written by respected industry expert Steven Drobny Highly accessible and filled with in-depth expert opinion, this updated paperback edition of Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding how greed, fear, and the human forces of emotion drive world markets.

Hedge Funds in Emerging Markets

Author : Gordon de Brouwer
Publisher : Cambridge University Press
ISBN 13 : 9781139430562
Total Pages : 244 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Hedge Funds in Emerging Markets by : Gordon de Brouwer

Download or read book Hedge Funds in Emerging Markets written by Gordon de Brouwer and published by Cambridge University Press. This book was released on 2001-09-06 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedge funds are among the most innovative and controversial of financial market institutions. Largely exempt from regulation and shrouded in secrecy, they are credited as having improved efficiency and add liquidity to financial markets, but also having severely destabilised markets following the Asian financial crisis and the near collapse of long-term capital management. De Brouwer presents a nuanced and balanced account to what is becoming an increasingly politicised and hysterical discussion of the subject. Part I explains the workings of hedge funds. Part II focuses on the activities of macro hedge funds and proprietary trading desks in East Asia in 1997 and 1998, with case study material from Hong Kong, Indonesia, Malaysia, Singapore, Australia and New Zealand. Part III of the book looks at the future of hedge funds, their role for institutional investors, and policy proposals to limit their destabilising effects.

The Investor's Guide to Hedge Funds

Author : Sam Kirschner
Publisher : John Wiley & Sons
ISBN 13 : 0470048549
Total Pages : 256 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis The Investor's Guide to Hedge Funds by : Sam Kirschner

Download or read book The Investor's Guide to Hedge Funds written by Sam Kirschner and published by John Wiley & Sons. This book was released on 2006-11-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Eldon Mayer is a battle-tested pro. You should listen to what he and his partner, Sam Kirschner, have to say." --Barton M. Biggs, Managing Partner, Traxis Partners Meet the crème de la crème of the new breed of hedge fund managers, learn how they evaluate world financial markets, hear about their winners and losers, and discover how they apply proprietary strategies to stay ahead of the curve. Through broad-scope interviews with 15 highly successful managers, The Investor's Guide to Hedge Funds provides unparalleled insight into each major hedge fund strategy, its strengths, weaknesses, and performance characteristics. Most importantly, this book shows that despite the sensational headlines, adding hedge funds to a portfolio of stocks and bonds can reduce risk and improve overall performance.

The Complete Guide to Hedge Funds and Hedge Fund Strategies

Author : D. Capocci
Publisher : Palgrave Macmillan
ISBN 13 : 9781137264435
Total Pages : 0 pages
Book Rating : 4.2/5 (644 download)

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Book Synopsis The Complete Guide to Hedge Funds and Hedge Fund Strategies by : D. Capocci

Download or read book The Complete Guide to Hedge Funds and Hedge Fund Strategies written by D. Capocci and published by Palgrave Macmillan. This book was released on 2013-08-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: One-stop-guide to the hedge fund industry, investment and trading strategies adopted by hedge funds and the industry's regulation. For anyone with an interest in investing or managing funds, it presents everything practitioners need to know to understand these investment vehicles from their theoretical underpinnings, to how they work in practice.

Hedge Funds

Author : Vikas Agarwal
Publisher : Now Publishers Inc
ISBN 13 : 1933019174
Total Pages : 85 pages
Book Rating : 4.9/5 (33 download)

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Book Synopsis Hedge Funds by : Vikas Agarwal

Download or read book Hedge Funds written by Vikas Agarwal and published by Now Publishers Inc. This book was released on 2005 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedge Funds summarizes the academic research on hedge funds and commodity trading advisors. The hedge fund industry has grown tremendously over the recent years. According to some industry estimates, hedge funds have increased from $39 million in 1990 to about $972 million in 2004 and the total number of hedge funds has gone up from 610 to 7,436 over the same period. At the same time, hedge fund strategies have changed significantly. In 1990 the macro strategy dominated the industry while in 2004 the equity hedge strategy had the largest share of the market. There has also been a shift in the type of investor in hedge funds. In the early 1990's the typical investor was a high net-worth individual investor, today the typical investor is an institutional investor. Thus, the hedge fund market has not only grown tremendously, but the nature of the market has changed. Despite the enormous growth of this industry, there is limited information available on hedge funds. As a result, there is a need for rigorous research from both the investors' and regulators' point of view. Investors need research to better understand their investment and their risk exposure. This research also helps investors recognize the extent of diversification benefits hedge funds offer in combination with investments in traditional asset classes, such as stocks and bonds. Regulators can use this research to identify situations where regulation may be needed to protect investors' interests and to understand the impact hedge funds trading strategies have on the stability of the financial markets. The first part of Hedge Funds summarizes hedge fund performance, including comparisons of risk-return characteristics of hedge funds with those of mutual funds, factors driving hedge fund returns, and persistence in hedge fund performance. The second part reviews research regarding the unique contractual features and characteristics of hedge funds and their influence on the risk-return tradeoffs. The third part reviews the role of hedge funds in a portfolio including the extent of diversification benefits and limitations of standard mean-variance framework for asset allocation. Finally, the authors summarize the research on the biases in hedge fund databases.

Hedge Fund Activism

Author : Alon Brav
Publisher : Now Publishers Inc
ISBN 13 : 1601983387
Total Pages : 76 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Hedge Fund Activism by : Alon Brav

Download or read book Hedge Fund Activism written by Alon Brav and published by Now Publishers Inc. This book was released on 2010 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.

More Money Than God

Author : Sebastian Mallaby
Publisher : A&C Black
ISBN 13 : 1408809753
Total Pages : 497 pages
Book Rating : 4.4/5 (88 download)

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Book Synopsis More Money Than God by : Sebastian Mallaby

Download or read book More Money Than God written by Sebastian Mallaby and published by A&C Black. This book was released on 2011-05-03 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.

The Role of Hedge Funds in Our Capital Markets

Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and Investment
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis The Role of Hedge Funds in Our Capital Markets by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and Investment

Download or read book The Role of Hedge Funds in Our Capital Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and Investment and published by . This book was released on 2009 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hedge Funds

Author : Andrew W. Lo
Publisher : Princeton University Press
ISBN 13 : 140083581X
Total Pages : 388 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Hedge Funds by : Andrew W. Lo

Download or read book Hedge Funds written by Andrew W. Lo and published by Princeton University Press. This book was released on 2010-07-01 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.

The Hedge Fund Handbook

Author : Stefano Lavinio
Publisher : McGraw Hill Professional
ISBN 13 : 9780071350303
Total Pages : 220 pages
Book Rating : 4.3/5 (53 download)

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Book Synopsis The Hedge Fund Handbook by : Stefano Lavinio

Download or read book The Hedge Fund Handbook written by Stefano Lavinio and published by McGraw Hill Professional. This book was released on 2000 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Hedge Fund Handbook answers all these questions and more. Extensive details, charts, graphs, and case studies both real and hypothetical provide a new method for accurately analyzing the risk and return characteristics of any hedge fund and, more crucially, its manager. This book illustrates how the manager's skill in exploiting financial markets is the key component of a hedge fund's ability to generate consistent performance and attractive risk-adjusted returns."--Jacket.

Hedge funds and their impact on financial stability. Implications for systemic risk and how to control for it

Author : Dennis Sauert
Publisher : GRIN Verlag
ISBN 13 : 3656676895
Total Pages : 105 pages
Book Rating : 4.6/5 (566 download)

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Book Synopsis Hedge funds and their impact on financial stability. Implications for systemic risk and how to control for it by : Dennis Sauert

Download or read book Hedge funds and their impact on financial stability. Implications for systemic risk and how to control for it written by Dennis Sauert and published by GRIN Verlag. This book was released on 2014-06-23 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2011 in the subject Economics - Finance, grade: 2,0, Berlin School of Economics and Law, language: English, abstract: Over the past decades the architecture of the financial system has undergone a significant change, whereby the alternative investment industry has claimed an ever increasing importance and popularity. Hedge funds have taken the leading role in this development. From a handful of hedge fund managers in the United States (U.S.), hedge funds have been growing to a worldwide business at the forefront of sophisticated financial innovation. Despite their rising success in the alternative investment industry, only a few subjects in the financial world appear to create such diverse opinions as hedge funds do. On the one hand, there are policy makers and academics, which appreciate and highlight hedge funds’ main role in increasing profits and effectively diversifying risks in traditional portfolios. Moreover, Alan Greenspan, the former chairman of the Federal Reserve System (Fed), stated that hedge funds “have become major contributors to the flexibility of the financial system.” Provided with flexibility and light regulatory oversight, their participation in various markets has been proven important. Especially, due to the provision of liquidity, financial markets have become more efficient but also resilient by absorbing many financial shocks in past years, including the most recent financial crisis. On the other hand, there are also policy makers and academics, who claim that hedge funds are large enough to destabilize markets or even trigger financial crises. A common concern following the near failure of Long Term Capital Management (LTCM) in 1998 is that one single hedge fund, as a highly leveraged investment pool, can create systemic risk to the worldwide financial system. Such ongoing concern about the vulnerability paired with the tremendous development and opaque nature of hedge funds, emphasize their potential threat to financial stability. Despite the fact that only little is known about these loosely regulated private investment pools, an unstudied reaction to 1998 is to regulate them. Against this background, the aim of this paper is to give the reader a better oversight and understanding of the hedge fund industry by deeply analyzing and discussing their beneficial characteristics but more importantly the issue of how they may be an essential threat to the financial system. Therefore, the paper is split into four main parts. The first part provides the reader with an overall picture of the unfolding of the hedge fund industry from the beginnings...