A just-in-time guide to hedge fund investing
Today, access to hedge funds is increasingly available to averageinvestors through ‘funds of hedge funds’ and other registeredproducts. These vehicles allow investors to invest as little as$25, 000 to start. Hedges on Hedge Funds provides an overview ofhedge fund investing and delves into the key investment strategiesemployed by hedge fund managers. This comprehensive resourcedirects people to proper fund selection and allocation, but mostimportantly, it helps investors avoid the potential pitfallsassociated with the industry by discussing transparency, size vs.performance, and other important issues associated with selectingand profiting with hedge funds.
James R. Hedges, IV (Naples, FL), is recognized as a pioneer in thehedge fund industry for his efforts to monitor and review funds andfund managers for performance and transparency. He is the founder, President, and Chief Investment Officer of LJH Global Investments-an investment advisory firm that helps clients selectand invest in hedge funds.
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Foreword.
Preface.
Acknowledgments.
CHAPTER 1: The Hedge Fund Alternative.
CHAPTER 2: Cutting through the Black Box: Transparency and Disclosure.
CHAPTER 3: The Operational Risk Crisis.
CHAPTER 4: Best Practices in Hedge Fund Valuation.
CHAPTER 5: Does Size Matter?
CHAPTER 6: Directional Investing through Global Macros and Managed Futures.
CHAPTER 7: Profiting from the Corporate Life Cycle.
CHAPTER 8: Evaluating Arbitrage and Relative Value Strategies.
CHAPTER 9: The Time Is Now for Equity Market Neutral.
CHAPTER 10: Long-Short Strategies in the Technology Sector.
CHAPTER 11: The Expansion of European Hedge Funds.
CHAPTER 12: The Dynamic World of Asian Hedge Funds.
CHAPTER 13: Hedge Fund Indices: In Search of a Benchmark.
GLOSSARY.
ABOUT THE AUTHORS.
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James R. Hedges IV is the founder, President, and CIO of LJH Global Investments, which has offices in Florida, New York, and London. LJH is an investment advisory firm that helps clients select and invest in hedge funds. James is recognized as a pioneer in the hedge fund industry for his efforts to monitor and review funds and fund managers for performance and transparency. His efforts to advocate for investors have made LJH a watchdog for the industry–so much so that the SEC asked him to participate in their Hedge Fund Roundtable in May of 2003. James is often quoted in such publications as Forbes, Institutional Investor, Barron’s, the New York Times, and the Wall Street Journal. He appears regularly on CNN, CNBC, Bloomberg, and Wall $treet Week.