Book description
A detailed, step-by-step book covering the entire hedge fund
evaluation process
Investing in hedge funds is different from investing in other asset
classes. There is much less publicly available information about hedge
funds performance than there is about mutual funds or individual
stocks. Consequently, investing in this class requires more
sophisticated investment knowledge, greater due diligence, and, in
many cases, a better-developed ability to evaluate investment managers.
Hedge Fund Analysis provides a broad framework of how to
approach this endeavor, from initial screening to analytical
techniques, interviewing skills, and legal and contract negotiations.
Along the way, it demonstrates a variety of mechanisms for monitoring
and tracking hedge funds and the underlying hedge fund
portfolios-explaining each stage of the process in minute detail and
providing specific examples which fully explain the opportunities and
challenges you'll face each step of the way.
- Provides a detailed look at how to source hedge funds, screen
through them, and rank their strengths and weaknesses
- Lays out a thorough process for evaluating funds, from initial
interviews to performance analysis to onsite meetings
- Reveals what questions to ask by strategy in order to understand
the underlying risk factors associated with each
- Highlights non-investment analysis, including operational due
diligence and risk management, as integral elements in the process
Written by a financial professional with over twenty years of
experience conducting investment manager due diligence, this book will
put you in a position to make more informed decisions when investing
in hedge funds.
