A detailed, step-by-step book covering the entire hedge fund
evaluation process
Investing in hedge funds is different from investing in other
asset classes. There is much less publicly available information
about hedge funds performance than there is about mutual funds or
individual stocks. Consequently, investing in this class requires
more sophisticated investment knowledge, greater due diligence,
and, in many cases, a better-developed ability to evaluate
investment managers.
Hedge Fund Analysis provides a broad framework of how to
approach this endeavor, from initial screening to analytical
techniques, interviewing skills, and legal and contract
negotiations. Along the way, it demonstrates a variety of
mechanisms for monitoring and tracking hedge funds and the
underlying hedge fund portfolios--explaining each stage of the
process in minute detail and providing specific examples which
fully explain the opportunities and challenges you'll face each
step of the way.
* Provides a detailed look at how to source hedge funds, screen
through them, and rank their strengths and weaknesses
* Lays out a thorough process for evaluating funds, from initial
interviews to performance analysis to onsite meetings
* Reveals what questions to ask by strategy in order to
understand the underlying risk factors associated with each
* Highlights non-investment analysis, including operational due
diligence and risk management, as integral elements in the
process
Written by a financial professional with over twenty years of
experience conducting investment manager due diligence, this book
will put you in a position to make more informed decisions when
investing in hedge funds.
