E-Book Overview
Alternative investment strategies used by hedge funds often perform well on an absolute return basis in any market. Institutional investors who are disappointed with the performance of traditional asset classes - namely equities - are now looking to hedge funds to provide diversification, and extra returns on a risk-adjusted basis, to their overall portfolios. As a result, traditional asset managers are looking to develop their own hedge funds as alternative offerings to their clients. An executive-level educational program is necessary. This coursebook complements How to Create and Manage a Hedge Fund and provides a self-study course that reviews the technical and quantitative knowledge necessary to manage a hedge fund properly.
E-Book Content
Hedge Fund
Course
Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written specifically for finance and investment professionals as well as sophisticated individual investors and their financial advisors. Book topics range from portfolio management to e-commerce, risk management, financial engineering, valuation, and financial instrument analysis, as well as much more. For a list of available titles, visit our Web site at www.WileyFinance.com.
Hedge Fund
Course
STUART A. MCCRARY
John Wiley & Sons, Inc.
Copyright © 2005 by Stuart A. McCrary. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any