agarwal & naik - hedge funds (2005)

... Tìm hiểu về quỹ đầu tư mang tên HEDGE FUNDS - PI Hedge Fund đầu tiên trên thế giới ra đời năm 1949 tại Mỹ. Một trong những người được coi là "ông tổ" của loại quỹ đầu tư này ... Hedge Funds về quy mô, cấu trúc hoạt động, sự quản lý và về các nhà đầu tư của quỹ. To Hedge - trong tiếng Anh có nghĩa là tự che chắn, tự bảo vệ. T...

Ngày tải lên: 19/10/2013, 10:15

... Tìm hiểu về quỹ đầu tư mang tên HEDGE FUNDS - PI Hedge Fund đầu tiên trên thế giới ra đời năm 1949 tại Mỹ. Một trong những người được coi là "ông tổ" của loại quỹ đầu tư này ... của Hedge Funds về quy mô, cấu trúc hoạt động, sự quản lý và về các nhà đầu tư của quỹ. To Hedge - trong tiếng Anh có nghĩa là tự che chắn, tự bảo vệ...

Ngày tải lên: 26/01/2014, 16:20

... and Corporate Governance Chapter I – Hedge Funds and their Trading Strategies Chapter II – Portfolio Benefits of Hedge Funds Chapter III – Hedge Funds in Portfolio Selection Chapter I – Hedge ... of hedge funds during the recent financial crisis (e.g. Financial Times May 2 nd , 2010). 24 Hedge Funds from an Asset Management Perspective Chapter II. The Por...

Ngày tải lên: 14/02/2014, 15:20

... to anything else in the portfolio, ” – US Corporate Pension 18 I Institutional Investment in Hedge Funds: Evolving Investor Portfolio Construction Drives Product Convergence Including Directional ... Investment in Hedge Funds: Evolving Investor Portfolio Construction Drives Product Convergence Institutional In ows Change the Character...

Ngày tải lên: 07/03/2014, 13:20

... http://pacer.cadc.uscourts.gov/ docs/common/opinions/200606/04 - 1434a.pdf . Taxation of U.S. Investment Partnerships and Hedge Funds 30 Taxation of U.S. Investment Partnerships and Hedge Funds fund ’ s sharp losses becomes another ... 26 Taxation of U.S. Investment Partnerships and Hedge Funds The number of U.S. mutual funds held st...

Ngày tải lên: 16/03/2014, 14:20

... strat- egies and operations, and of the role of hedge funds in the nancial system. To better understand how hedge funds might contribute to systemic risk, it investigates the role hedge funds played ... industry and outlines the features of hedge funds that tend to exacerbate and mitigate systemic risk. Overview of the Hedge Fund Industry Legal Structure an...

Ngày tải lên: 23/03/2014, 00:20

... likely for: a. Hedge funds with undiversified portfolios, b. Small hedge funds. We also analyze the incentives that lead hedge funds to manipulate stock prices. For hedge funds, the month’s, ... we use hedge fund holdings data to validate the conjecture that hedge funds manipulate stock prices before the close of trading at the end-of-month by buying some of the...

Ngày tải lên: 30/03/2014, 12:20

... are typical directional strategies. 8 HEDGES ON HEDGE FUNDS c01 _hedges. qxd 8/30/04 11:58 AM Page 8 Hedges on Hedge Funds How to Successfully Analyze and Select an Investment JAMES R. HEDGES IV John ... print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series conta...

Ngày tải lên: 01/06/2014, 09:11

... full consideration of the investor’s time horizon, tax considerations, liquidity constraints, regula- The Hedge Fund Alternative 15 c 01 _hedges. qxd 8/30/04 11 :58 AM Page 15 CHAPTER 1 CHAPTER 1 The ... available. The Hedge Fund Alternative 11 c 01 _hedges. qxd 8/30/04 11 :58 AM Page 11 TABLE P .1 Key Differences in Risk between Hedge Funds and “Traditional” In...

Ngày tải lên: 02/07/2014, 11:20

... U.S. 38 HEDGES ON HEDGE FUNDS c 02 _hedges. qxd 8 /26 /04 2: 45 PM Page 38 26 HEDGES ON HEDGE FUNDS is the principal lesson learned from the Long Term Capital Management (LTCM) debacle of 1998, a lesson ... with basic written information on the fund, including an overview of investment 28 HEDGES ON HEDGE FUNDS c 02 _hedges. qxd 8 /26 /04 2: 45 PM Page 28 C...

Ngày tải lên: 02/07/2014, 11:20

... Failures Operational Risk Only 50% Combination of Operational Issues 49% 6% 6% 38 % 7% FIGURE 3. 3 Breakdown of Fund Failures Attributed to Operational Risk Only by Operational Issue. c 03 _hedges. qxd ... a hedge fund’s back office prior to making an investment. c 03 _hedges. qxd 8/26/04 2:46 PM Page 51 46 HEDGES ON HEDGE FUNDS These problems contributed to substantial invest...

Ngày tải lên: 02/07/2014, 11:20

... process. c 04 _hedges. qxd 8/26/ 04 2 :48 PM Page 64 CHAPTER 4 CHAPTER 4 Best Practices in Hedge Fund Valuation R ecent news reports on hedge fund valuation problems have drawn increased attention to ... debt 6. Nondollar and emerging markets 7. Highly concentrated positions and positions that make up a large proportion of a single issue 58 HEDGES ON HEDGE FUNDS c 0...

Ngày tải lên: 02/07/2014, 11:20

... strong-performing funds. 66 HEDGES ON HEDGE FUNDS 1999 2000 2001 35 30 25 20 15 10 5 0 <5m 5 25m 25 100m 100 50 0m > ;50 0m Number of Funds (%) Size bucket (US$m) FIGURE 5. 1 Size Distribution ... 5. 3. 70 HEDGES ON HEDGE FUNDS 0 0 .5 1 1 .5 Small Funds: $50 m < Medium Funds: $ 150 m < Lar g e Funds: $ 150 m > Monthly Alphas FIGURE 5. 2 Size...

Ngày tải lên: 02/07/2014, 11:20

... position in a program has a price associated with it that, if hit, will result in executing orders to close out the positions. Stop 86 HEDGES ON HEDGE FUNDS c 06 _hedges. qxd 8/ 26/ 04 2:52 PM Page 86 ... tradi- tional securities markets. The commission performs three primary func- tions: (1) contract review, (2) market surveillance, and (3) regulation of futures professionals. 8...

Ngày tải lên: 02/07/2014, 11:20

... Netherlands Tel. +3 1-6 -5 1115274 A Cataloging-in-Publication record is available from the Library of Congress. Printed on acid-free paper ISBN: 1-9 3301 9-1 7-4 ; ISSNs: Paper version 156 7-2 395; Electronic version ... structure of hedge funds 9 They characterize the systematic risk exposures of hedge funds using buy-and-hold and option-based strategies. The option strat...

Ngày tải lên: 03/11/2014, 14:46