Hedge fund course phần 6 ppsx

... 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, reflecting 16 ... 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 a...

Ngày tải lên: 14/08/2014, 09:21

... through a fund of funds intermediary. Single-manager funds (funds that implement hedge fund strategies other than fund of funds strategies) have grown at 21.5 percent annually. 6 Fund of funds investments ... commodity pools from hedge funds. In fact, any hedge fund that trades futures or commodities only minimally 6 HEDGE FUND COURSE ccc_mccrary_ch01_1-18.qxd 10 /6/...

Ngày tải lên: 14/08/2014, 09:21

... taxation if held until death. 36 HEDGE FUND COURSE ccc_mccrary_ch03_35-58.qxd 10 /6/ 04 1:41 PM Page 36 HEDGE FUND BASICS Many investors are unfamiliar with the way a hedge fund investment be- haves. ... investment strategy. Funds of Funds Funds of hedge funds invest in other hedge funds. On the surface, this seems redundant and the investor might hesitate to pay fees to...

Ngày tải lên: 14/08/2014, 09:21

... Hirch Re invests in the Hirch funds. Asset Alliance Re invests in Asset Alliance hedge funds. These hedge fund 52 HEDGE FUND COURSE ccc_mccrary_ch03_35-58.qxd 10 /6/ 04 1:41 PM Page 52 paid-in investment. ... several other business structures) 74 HEDGE FUND COURSE ccc_mccrary_ch05_73- 86. qxd 10 /6/ 04 1:42 PM Page 74 CHAPTER 5 Hedge Fund Business Models A lthough a he...

Ngày tải lên: 14/08/2014, 09:21

... 22 2 σσ Portfolio = == ∑∑ ww i j N i N jij 11 , Hedge Fund Leverage 99 ccc_mccrary_ch 06_ 87-1 06. qxd 10 /6/ 04 1:43 PM Page 99 6. 19 A hedge fund has $10 million in marginal positions and has loans to- taling $8 million. The fund is subject ... cap- ital invested in the fund. If a hedge fund loses more than the investors’ cap- 76 HEDGE FUND COURSE ccc_mccrary_ch05_73...

Ngày tải lên: 14/08/2014, 09:21

... =+       ×+       ×+       +       =+       =+       ×= 1 365 1 365 1 365 1 365 1 365 1 10 365 100 110 51 56 365 365 rrrr r K % $$. Future Value Principal Principal =+       ×+       ×         =+       × =×= 1 2 1 2 1 2 1 ... worth $2,185, 466 (less than the value on June 30) because the fund lost around 0.75 perc...

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, 060 ,000 $1,100,000 $1, 060 ,000 2 1,123 ,60 0 1,210,000 1,1 26, 000 3 1,191,0 16 1,331,000 1,198 ,60 0 4 1, 262 ,477 1, 464 ,100 1,278, 460 5 1,338,2 26 1 ,61 0,510 1, 366 ,3 06 6 1,418,519 1,771, 561 1, 462 ,937 7 ... 2,471, 363 14 2, 260 ,904 3,797,498 2 ,67 8,499 15 2,3 96, 558 4,177,248 2,9 06, 349 16 2,540,352 4,594,973 3,1 56, 984 17 2 ,69 2,773 5,054,470 3,432 ,68 2 18 2,85...

Ngày tải lên: 14/08/2014, 09:21

... $2 Million + $4 ,66 6 ,66 7 = $6, 666 ,66 7 Liquidation = Current Position – Maximum Position = $10 Million – $6, 666 ,66 7 = $3,333,333 6. 21 The fund must fully pay for the call. The fund must deposit ... 1.022500000 –1.75% 0.98 1.00 460 6250 8.15% 1.08 1.0 864 8 165 9 –4.40% 0. 96 1.03 867 6 466 –3.30% 0.97 1.004400143 3.55% 1.04 1.0400 563 48 9.15% 1.09 1.135221504 1.85% 1.02 1.1 5...

Ngày tải lên: 14/08/2014, 09:21

... common hedge fund asset-backed securities, 68 convertible arbitrage, 66 67 equity market neutral, 64 66 event driven, 60 64 fixed income arbitrage, 67 68 fund of funds, 69 long/short equity, 60 mortgage-backed ... 161 hedge fund as investor, 160 hedge fund as trader, 160 high-net-worth individuals, 36 37 insurance companies, 51–52 layered tax allocation, 162 – 163...

Ngày tải lên: 14/08/2014, 09:21