Valuable guidance on fund of funds investing
While capital markets have become more complex, investors arestill looking to increase portfolio performance without increasingrisk. Fund of funds investing is one such avenue to pursue. Thispractical guide provides you with the tools needed to understandand evaluate your investments in this often opaque area of finance.In Fund of Funds Investing, hedge fund expert Daniel Strachman and fund of funds manager Richard Bookbinder offervaluable insights into this world through an industry overview andreview of essential issues including due diligence, risk andportfolio management, and multi-strategy funds.
* Outlines strategies that will help you invest directly in awide range of hedge funds
* Other titles by Strachman: The Fundamentals of Hedge Fund Management, Essential Stock Picking Strategies, The Long and Shortof Hedge Funds, Julian Robertson, and Getting Started in Hedge Funds, Second Edition
* Based on extensive interviews by the authors as well as theirexperiences in this field
Funds of Funds Investing is an important guide to one ofthe most misunderstood areas of modern finance.
Table des matières
Acknowledgements.
Introduction.
Chapter 1 On the Road.
Chapter 2 A Hedge Fund is What?
Chapter 3 How Large Is the Market?
Chapter 4 Hedge Fund Investing.
Chapter 5 Understanding Alternative Investing Is Both Math and Science.
Chapter 6 Why Fund of Funds Work.
Chapter 7 Understanding Risk and the Need for Due Diligence.
Chapter 8 Redemption.
Chapter 9 Fees.
Chapter10 Leverage Facilities and Risk Management.
Chapter 11 Recent Lessons Learned and Current Trends.
Chapter 12 New Products.
Chapter 13 Multi-Strategy Funds versus Hedge Fund of Funds.
Chapter 14 How Fund of Funds Source Managers.
Chapter 15 Conclusion.
Epilogue: Turning Point.
Appendix.
Glossary.
Notes.
Index.
A propos de l’auteur
Daniel Strachman has been working on Wall Street for morethan fifteen years, providing services and advice to individualsand institutions. He is also editor of the blog, Hedge Answers.com, which offers commentary and insight into the hedge fund industry.Strachman has worked in product development, marketing, and salesfocused around the money management industry. He is author of The Long and Short of Hedge Funds, The Fundamentals of Hedge Fund Management, the first and second editions of Getting Started in Hedge Funds, Essential Stock Picking Strategies, and Julian Robertson: A Tiger in the Land of Bulls and Bears, all published by Wiley.
Richard Bookbinder formed Bookbinder Capital Management LLC in the spring of 1999 and is actively involved in all aspectsof business operations including fund management, portfolioallocation, and manager research. He also acts as a sub-advisor toinvestors seeking customized hedge fund of funds portfolios. In2009, Bookbinder launched Terra Verde Capital Management, a fund offunds that invests in managers who aim to reduce the world’s carbonfootprint.