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Provides you with an examination of the important compliance and risk management issues associated with hedge funds. This resource covers everything from how hedge funds continue to generate lucrative returns to why some use sophisticated instruments and financial engineering to get around fundamental regulatory laws.
List of contents
Preface.Acknowledgments.About the Author.
CHAPTER 1 History, Definition, and Roles of Hedge Funds.
CHAPTER 2 Trading Mandates.Convertible Arbitrage.Distressed Securities.Emerging Markets.Equity Hedge.Equity Market Neutral.Equity Market Neutral: Statistical Arbitrage.Equity Non-Hedge.Event Driven.Fixed Income Strategies.Fixed Income: Arbitrage.Fixed Income: Convertible Bonds.Fixed Income: Diversified.Fixed Income: High-Yield.Fixed Income: Mortgage-Backed.Global Macro.Merger Arbitrage and Risk Arbitrage.Regulation D.Relative Value Arbitrage.Sector Strategies.Sector: Energy.Sector: Financial.Sector: Health Care/Biotechnology.Sector: Metals and Mining.Sector: Real Estate.Sector: Technology.Short Selling.Fund of Funds.FOF: Conservative.FOF: Diversified.FOF: Market Defensive.FOF: Strategic.Commodity Trading Advisors.Role of Hedge Fund Risk Manager.
CHAPTER 3 Performances by Strategies.
CHAPTER 4 Geographical Areas of Hedge Fund Development.
CHAPTER 5 Integration of Hedge Funds in the Financial Markets.
CHAPTER 6 Hedge Fund Players.
CHAPTER 7 Hedge Fund Risk Types.Pricing and Net Asset Valuation Risk.Market Risk Management.Liquidity Risk.Counterparty Credit Risk.Leverage.Operational Risk.Compliance, Regulatory, Legal, and Governance Risk.Model Risk.Systemic Risk.Insurance and Hedge Funds.Technology and System Risk.Fiduciary Risk.Capacity and Growth Size Monitoring.Transparency and Communication.Verification of Fees.Conflict of Interest and Special Networks.Expenses Monitoring.Special Reserves for Discrepancies and Variances.Electronic Reporting of Policies and Procedures.
CHAPTER 8 Basic Risk Management Standards and Recommendations.Value at Risk.Confidence Level.Variance-Covariance.Skewness-Kurtosis and Covariance.Scenario Analysis.Stress Testing.Liquidity or Concentration Risk.Leverage.Credit Risk.Omega.Sortino Ratio.Suggested Minimum Risk Management Framework for Hedge Funds.
CHAPTER 9 Role of Indexes in Hedge Funds.CHAPTER 10 Hedge Fund Data and Attrition Rates.
CHAPTER 11 Methodologies and Models to Detect Fraud in Hedge Funds.
CHAPTER 12 Selection of a Quantitative Model to Detect Fraud.CHAPTER 13 Funds of Funds Rating Methodology.
