Vivid graphics make hedge funds, how they work and how to invest
in them, accessible for investors and finance professionals
Despite the recent wave of scandals related to the hedge fund
industry, interest in hedge funds as a relatively safe alternative
investment remains high. Yet details about how the industry
operates and the strategies employed by different types of hedge
funds is hard to come by. With increasing calls from lawmakers and
the media for industry reform, it is incumbent upon finance
professionals and high-net-worth individuals to take a good look
before leaping into hedge funds. That’s where the Bloomberg
Visual Guide to Hedge Funds comes in. It provides a graphically
rich, comprehensive overview of the industry and its practitioners,
zeroing in on how different types of hedge funds work.
* Based on extensive interviews with hedge fund managers,
analysts and other industry experts, the book provides a detailed
look at the industry and how it works
* Outlines investment strategies employed by both long and short
hedge funds, as well as global macro strategies
* Arms you with need-to-know tips, tools and techniques for
success with all hedge fund investment strategies
* Provides a highly visual presentation with an emphasis on
graphics and professional applications
* Real-life examples take you inside how hedge funds illustrating
how they operate, who manages them and who invests in them
Spis treści
How to Use This Book vii
Introduction ix
Chapter 1: Hedge Fund Daily Operations 1
Chapter 2: The Hedge Fund Life Cycle: From Startup to Titan 11
Chapter 3: Hedge Fund Investors 23
Chapter 4: Hedge Fund Capital Raising 31
Chapter 5: Long/Short Equity Strategy 41
Chapter 6: Global Macro Strategy 55
Chapter 7: Event-Driven Strategy 71
Chapter 8: Fixed-Income Strategy 77
Chapter 9: Convertible-Arbitrage Strategy 107
Chapter 10: Quantitative and Algorithmic Trading Strategies 115
Chapter 11: Managed Futures 133
Chapter 12: Credit-and Asset-Based Lending 155
Chapter 13: Multi-Strategy Hedge Funds 171
Chapter 14: Fund of Hedge Funds 179
Appendix A: Bloomberg Functionality Cheat Sheet 199
Appendix B: Answers to Test-Yourself Quizzes 201
References 205
About the Author 207
Index 209
O autorze
Richard C. Wilson is founder of the Hedge Fund Group, the
#1 largest hedge fund association with over 115, 000 global members.
With a background in capital raising he has built a following
through his advisory work, equity partnerships, Wilson Holding
Company operating businesses, and by providing consultative quality
thought leadership, articles, videos, and over 100 speeches in 15+
countries around the world. Through Richard’s 5, 000
professionals-deep client base, and global capital raising
workshops and family office conferences, he has met face-to-face
with well over 2, 500 fund managers, and at least as many hedge fund
investors over the past 10 years. His team offers the #1
self-directed training and certification program on hedge funds
which over 1, 400 professionals have joined to date and it is called
the Certified Hedge Fund Professional certificate program. He is
the author of The Hedge Fund Book: A Training Manual for
Professionals and Capital Raising Executives, The Family
Office Book: Investing Capital for the Ultra-Affluent, and
The Single Family Office: Creating, Operating, and Managing the
Investments of a Single Family Office.