Hedge fund course phần 2 ppt

Ngày tải lên: 24/07/2014, 12:22

... view. SESSION How to Approach the UML 3 064910-3 Ch03.F 5/31/ 02 2:04 PM Page 23 Session 1—What Is the UML? 11 QUIZ YOURSELF 1. Who sponsored the UML? (See “Some History behind the UML. ”) 2. What part of systems ... 555-555-5555 call(integer): boolean 064910-3 Ch03.F 5/31/ 02 2:04 PM Page 29 044910-3 Ch01.F 5/31/ 02 2:03 PM Page 12 Friday Evening20 Extreme Programming Extreme...

Ngày tải lên: 06/08/2014, 16:23

... command calculates the difference of 21 2 and 32. In C++, such a formula is called an expression. Tip Tip Tip Friday Evening 42 4689-9 ch04.f.qc 3/7/00 9 :20 PM Page 42 Program output Windows programs ... ^ nArg2 = 0x” << (nArg1 ^ nArg2) << “\n”; return 0; } Output: Enter arg1 as a four-digit hexadecimal: 0x 123 4 Enter arg2: 0x00ff nArg1 & nArg2 = 0x34 nArg1 | nArg2 = 0x...

Ngày tải lên: 12/08/2014, 12:20

... database (covered in Session 27 ) Friday Evening 42 074840-9 ch04.F 8 /28 /01 12: 52 PM Page 42 1. What is SQL Server 20 00? 2. On what operating systems can you install SQL Server 20 00? 3. Name at least ... by SQL Server 20 00? 7. What visual tool does Microsoft supply to manage SQL Server? 8. What are SQL Server services and how do you manage them? 9. How...

Ngày tải lên: 13/08/2014, 22:21

... fund = 20 % ρ A,B = Correlation between the stock portfolio and the hedge fund σσσσ σσσρσ Portfolio A A A B A,B B B AA A BABA,B BB =+ + =+ + = ì ììììì+ ì = wwww www w 22 22 22 22 22 22 2 2 90 20 90 ... broken out in Figure 2. 1 and 2. 2. 22 HEDGE FUND COURSE FIGURE 2. 2 Hedge Fund Allocations by Style, December 31, 20 03 Source: Tass Research. 50.00% 45.00% 40.0...

Ngày tải lên: 14/08/2014, 05:20

... 4,700 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, 000 0 19 88 19 89 19 90 19 91 1992 19 93 19 94 19 95 19 96 19 97 19 98 19 99 2000 20 01 2002 2003 8 ,10 0 7,500 7,000 6,500 6,200 5,830 5,500 5 ,10 0 4 ,10 0 3, 417 2,848 2,373 1, 977 1, 648 1, 373 ccc_mccrary_ch 01_ 1 -18 .qxd ... 19 94 19 95 19 96 19 97 19 98 19 99 2000 20 01 2002 2003 $1...

Ngày tải lên: 14/08/2014, 09:21

... fund = 20 % ρ A,B = Correlation between the stock portfolio and the hedge fund σσσσ σσσρσ Portfolio A A A B A,B B B AA A BABA,B BB =+ + =+ + = ì ììììì+ ì = wwww www w 22 22 22 22 22 22 2 2 90 20 90 ... broken out in Figure 2. 1 and 2. 2. 22 HEDGE FUND COURSE FIGURE 2. 2 Hedge Fund Allocations by Style, December 31, 20 03 Source: Tass Research. 50.00% 45.00% 40.0...

Ngày tải lên: 14/08/2014, 09:21

... creates? 3. 9 Suppose a fund of funds invests equally in four hedge funds. The re- Types of Hedge Fund Investors 55 ccc_mccrary_ch 03_ 35-58.qxd 10/6/04 1:41 PM Page 55 Foundations as Hedge Fund Investors A ... annual rate is allocated over a 36 0-day year: $900,000 ì 5% ì 184 /36 0 = $ 23, 000 2. As in note 1: $1,000,000 ì 3% ì 184 /36 0 = $15 ,33 3 3. Michelle Pacelle, Hedg...

Ngày tải lên: 14/08/2014, 09:21

... domicile for an offshore fund? 5.17 What is the key advantage of administering a hedge fund offshore? 84 HEDGE FUND COURSE ccc_mccrary_ch05_73-86.qxd 10/6/ 04 1 :42 PM Page 84 containing this asset ... Re- 1 04 HEDGE FUND COURSE ccc_mccrary_ch06_87-106.qxd 10/6/ 04 1 :43 PM Page 1 04 Because futures margin is considerably less than the value of the assets underlying t...

Ngày tải lên: 14/08/2014, 09:21

... of such outcomes. 4 118 HEDGE FUND COURSE FIGURE 7.1 Normal Distributions 4 .50 0 4.000 3 .50 0 3.000 2 .50 0 2.000 1 .50 0 1.000 0 .50 0 0.000 –100% – 75% 50 % – 25% 0% 25% 50 % 75% 100% Probability Return Portfolio ... =+ ì+ ì+ + =+ =+ ì= 1 3 65 1 3 65 1 3 65 1 3 65 1 3 65 1 10 3 65 100 110 51 56 3 65 3 65 rrrr r K % $$. Future Value Princ...

Ngày tải lên: 14/08/2014, 09:21

... important to preserve 164 HEDGE FUND COURSE ccc_mccrary_ch10_157-174.qxd 10 /6/ 04 1:44 PM Page 164 half the month. On May 31, if the fund still carries the position, it recog- nizes $ 26, 087 7 in income, ... future. 140 HEDGE FUND COURSE ccc_mccrary_ch09_135-1 56. qxd 10 /6/ 04 1:44 PM Page 140 futures broker (unless, of course, the broker seizes the positions to satisfy...

Ngày tải lên: 14/08/2014, 09:21

... are individual hedge funds. By accepting investments from a fund of funds man- ager, the hedge fund manager is allowing the fund of funds manager to mar- ket the hedge fund to investors. Of course, the fund ... funds. Sometimes, a fund of funds manager can develop a relationship with a hedge fund that closely links the fund of funds to individual hedge fund. Many...

Ngày tải lên: 14/08/2014, 09:21

... 1 ,81 4,769 10 1,790 ,84 8 2,593,742 1,956,245 11 1 ,89 8,299 2 ,85 3,117 2,111 ,87 0 12 2,012,196 3,1 38, 4 28 2, 283 ,057 13 2,132,9 28 3,452,271 2,471,363 14 2,260,904 3,797,4 98 2,6 78, 499 15 2,396,5 58 4,177,2 48 2,906,349 16 ... 1,1 98, 600 4 1,262,477 1,464,100 1,2 78, 460 5 1,3 38, 226 1,610,510 1,366,306 6 1,4 18, 519 1,771,561 1,462,937 7 1,503,630 1,9 48, 717 1,569,230 8 1,...

Ngày tải lên: 14/08/2014, 09:21

... although hedge fund styles are more persistent (see S. J. Brown, W. N. Goetzmann, and R. G. Ibbotson, “Offshore Hedge Funds: Survival and Performance, 198 9– 199 5,” NBER Working Paper Series, 199 7). ... likely to crash than other hedge funds and other hedge fund strategies. CHAPTER 5 Hedge Fund Business Models 5.1 A C corporation seems like a logical choice for a U.S. hedg...

Ngày tải lên: 14/08/2014, 09:21

... B shares, 64 Classification(s) currency hedge funds, 29–30 equity hedge funds, 23–26 fixed income hedge funds, 26–29 funds of funds, 30 global macro hedge funds, 29 importance of, 19–20 inconsistency ... ì (1 + 10% ) 10 = $5,187,485. The after-tax return on the hedge fund is 10% ì (100 % 35%) = 6.5%. The hedge fund outside the insurance policy would ac- cumulate $2 million...

Ngày tải lên: 14/08/2014, 09:21