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Informationen zum Autor EDWARD J. STAVETSKI is Director of Investment Oversight and Chair of the Investment Committee for the Wilmington Family Office. He is an active member of the CFA Institute and served as a board member and past president of the CFA Society of Philadelphia, Inc. Stavetski was a regular contributor to TheStreet.com, Investopedia, and RealMoney. He received his bachelor of arts in chemistry from West Virginia University and has held NASD Series 7, 63, and 65 licenses. Klappentext Invaluable insight into measuring the performance of today's hedge fund managerMore and more institutional funds and high-net-worth assets are finding their way to hedge funds. This book provides the quantitative and qualitative measures and analysis that investment managers, investment advisors, and fund of fund managers need to allocate and monitor their client's assets properly. It addresses important topics such as Modern Portfolio Theory (MPT) and Post Modern Portfolio Theory (PMPT), choosing managers, watching performance, and researching alternate asset classes. Author Edward Stavetski also includes an appendix showing detailed case studies of hedge funds, and gives readers a road map to monitor their investments.Edward J. Stavetski (Wayne, PA) is Director of Investment Oversight for Wilmington Family Office, serving ultra high-net-worth families in strategic asset allocation, traditional and alternative investment manager selection, and oversight. Zusammenfassung More and more institutional funds and high net worth assets are finding their way to hedge funds. This book provides the quantitative and qualitative measures and analysis that investment managers, investment advisors, and fund of fund managers need to allocate and monitor their client assets properly. Inhaltsverzeichnis Preface. Highlights of the Book. Acknowledgments. Introduction. The Art and Science of Hedge Fund Investing-Are You Precisely Wrong or Approximately Correct? The Explosion of Hedge Funds. What are Hedge Funds? Finding a Comfort Zone. A Look beneath the (Book) Covers. As You Begin. Chapter 1. Asset Allocation and Fiduciary Duty. Investment Policy Statement: The Roadmap. Determinants of Portfolio Performance. Why Alternate Investments? A Closer Look at Hedge Fund Structures. The Rise of Socially Responsible Investing. Fiduciary Responsibility. Where Do I Start? Chapter 2. Large Versus Small Funds. Good Things in Small Packages. Research Confirms Small Fund Advantage. Performance of New Small Funds. Attrition Rates. Drivers of Outperformance. Invested Interests. Aligned Interests. Point of Diminishing Returns. Master of Trend line Analysis. Chapter 3. The Search for an Honest Man. Finding Your Manager. Prime Brokers. Conferences and Industry Events. Industry Publications. Incubators and Platforms. Industry Websites and Databases. Building Your Own Database. Unconventional Sources. Six Steps to Kevin Bacon. Sizing up the Flock. What's in the DDQ? Summary. Chapter 4. Performance Analysis. Torturing the Numbers Until They Confess. The First Step: Understand What Is Being Measured. Two Sides to Hedge Fund Performance: Long and Short. Performance Standards. Check the Entry Finding a Benchmark Peer Analysis Confusion from the Best and the Brightest? A Practitioners View. Examine the Bad. Examine the Good. Expect the Improbable. I Surrender. Chapter 5. Risk in Hedge Funds. Risk Is Like the Weather: Everyone Talks About It, but No One Does Anything About It. Major Risk Categories.
