Hedge fund course phần 7 pps

... 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

... by the equity Hedge Fund Business Models 77 FIGURE 5.1 Starting Levels for Asset Values Assets Liabilities Equity ccc_mccrary_ch05 _73 -86.qxd 10/6/04 1:42 PM Page 77 Of course, funds generally ... lever- age available to a hedge fund if the hedge fund holds assets subject to mar- gin requirements and if the hedge fund must observe the requirements (many offshore hedge...

Ngày tải lên: 14/08/2014, 09:21

... $5,000 Position 2 5,000 $20.50 $22.00 $7, 500 Position 3 –15,000 $11.00 $11.25 ($3 ,75 0) ccc_mccrary_ch10_1 57- 174 .qxd 10/6/04 1:44 PM Page 1 67 Hedge Funds Taxed as a Dealer Some hedge funds seek to be treated ... to preserve 164 HEDGE FUND COURSE ccc_mccrary_ch10_1 57- 174 .qxd 10/6/04 1:44 PM Page 164 half the month. On May 31, if the fund still carries the position, it rec...

Ngày tải lên: 14/08/2014, 09:21

... suppose the fund realized a gain of $245. How should the fund allocate the gain? Hedge Fund Taxation 173 ccc_mccrary_ch10_1 57- 174 .qxd 10/6/04 1:44 PM Page 173 The media reports about hedge funds also ... not available, hedge funds can establish fair value. How- ever, the hedge fund must have a defensible basis for the valuations. When Hedge Fund Taxation 171 ccc_mccr...

Ngày tải lên: 14/08/2014, 05:20

... 5/31/02 2:18 PM Page 218 304910-3 Ch20.F 5/31/02 2: 07 PM Page 212 Session 20—Modeling the Dynamic View: The Statechart Diagram 2 07 Figure 20 -7 The transition from Prospect to Active Now examine ... new state that the object transitions to. Figure 20 -7 shows all three elements added to the initial diagram. Prospect 304910-3 Ch20.F 5/31/02 2: 07 PM Page 206 Session Checklist ✔ Explaini...

Ngày tải lên: 06/08/2014, 16:23

... graphic? 16. What is a Library item especially good at handling? 17. What are templates designed to do? IV 314930-8 PR4.F 6/14/02 10:58 AM Page 2 17 Sunday Morning242 For example, suppose you wish to have ... to create every menu? 6. What Dreamweaver panel displays the JavaScript behind a Navigation Bar? 7. What feature of the Navigation Bar can you use to show visitors what page they are...

Ngày tải lên: 14/08/2014, 04:21

... 3 Types of Hedge Fund Investors 35 CHAPTER 4 Hedge Fund Investment Techniques 59 CHAPTER 5 Hedge Fund Business Models 73 CHAPTER 6 Hedge Fund Leverage 87 CHAPTER 7 Performance Measurement 1 07 CHAPTER ... ii CHAPTER 10 Hedge Fund Taxation 1 57 CHAPTER 11 Risk Management and Hedge Funds 175 CHAPTER 12 Marketing Hedge Funds 193 CHAPTER 13 Derivatives and Hedge...

Ngày tải lên: 14/08/2014, 09:21

... emerging markets hedge fund? 2.10 What is the biggest risk to an investment in a distressed securities hedge fund? 2.11 What kind of fund would call itself a global macro hedge fund? 2.12 What is a fund of funds? You ... Hedge Fund Investors 41 TABLE 3.1 Benefit of Postponing Tax Payments on Hedge Fund Returns Year Non-IRA IRA Tax If Withdrawn Net Balance 1 $66. 97 $11...

Ngày tải lên: 14/08/2014, 09:21

... 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 hedge fund is viewed by an investor as ... not qualify to invest in hedge funds. Pension funds have been slow to invest in hedge funds. Lately, their allocation to hedge funds has accelerated. Pension assets alloc...

Ngày tải lên: 14/08/2014, 09:21

... value on June 30) because the fund lost around 0 .75 percent per month in the final six months of the year. 116 HEDGE FUND COURSE ccc_mccrary_ch 07_ 1 07- 126.qxd 10 /7/ 04 1:35 PM Page 116 has passed. ... Equations (7. 29) to (7. 32) show how the monthly average is calculated: (7. 29) To simplify, take the 12th root of both sides: (7. 30) 1 .73 % = r GeometricAverage (Monthly) (7....

Ngày tải lên: 14/08/2014, 09:21