Alternative Beta Strategies and Hedge Fund Replication
57,99 €
inkl. gesetzl. MwSt.Beschreibung
Produktdetails
Format
Kopierschutz
Ja
Family Sharing
Nein
Text-to-Speech
Nein
Erscheinungsdatum
13.10.2008
Verlag
WileySeitenzahl
272 (Printausgabe)
Dateigröße
3580 KB
Auflage
1. Auflage
Sprache
Englisch
EAN
9780470721247
There s a buzzword that has quickly captured the imagination of
product providers and investors alike: "hedge fund replication". In
the broadest sense, replicating hedge fund strategies means
replicating their return sources and corresponding risk exposures.
However, there still lacks a coherent picture on what hedge fund
replication means in practice, what its premises are, how to
distinguish di erent approaches, and where this can lead us to.
Serving as a handbook for replicating the returns of hedge funds
at considerably lower cost, Alternative Beta Strategies and
Hedge Fund Replication provides a unique focus on replication,
explaining along the way the return sources of hedge funds, and
their systematic risks, that make replication possible. It explains
the background to the new discussion on hedge fund replication and
how to derive the returns of many hedge fund strategies at much
lower cost, it differentiates the various underlying approaches and
explains how hedge fund replication can improve your own investment
process into hedge funds.
Written by the well known Hedge Fund expert and author Lars
Jaeger, the book is divided into three sections: Hedge Fund
Background, Return Sources, and Replication Techniques. Section one
provides a short course in what hedge funds actually are and how
they operate, arming the reader with the background knowledge
required for the rest of the book. Section two illuminates the
sources from which hedge funds derive their returns and shows that
the majority of hedge fund returns derive from systematic risk
exposure rather than manager "Alpha". Section three presents
various approaches to replicating hedge fund returns by presenting
the first and second generation of hedge fund replication products,
points out the pitfalls and strengths of the various approaches and
illustrates the mathematical concepts that underlie them.
With hedge fund replication going mainstream, this book provides
clear guidance on the topic to maximise returns.
product providers and investors alike: "hedge fund replication". In
the broadest sense, replicating hedge fund strategies means
replicating their return sources and corresponding risk exposures.
However, there still lacks a coherent picture on what hedge fund
replication means in practice, what its premises are, how to
distinguish di erent approaches, and where this can lead us to.
Serving as a handbook for replicating the returns of hedge funds
at considerably lower cost, Alternative Beta Strategies and
Hedge Fund Replication provides a unique focus on replication,
explaining along the way the return sources of hedge funds, and
their systematic risks, that make replication possible. It explains
the background to the new discussion on hedge fund replication and
how to derive the returns of many hedge fund strategies at much
lower cost, it differentiates the various underlying approaches and
explains how hedge fund replication can improve your own investment
process into hedge funds.
Written by the well known Hedge Fund expert and author Lars
Jaeger, the book is divided into three sections: Hedge Fund
Background, Return Sources, and Replication Techniques. Section one
provides a short course in what hedge funds actually are and how
they operate, arming the reader with the background knowledge
required for the rest of the book. Section two illuminates the
sources from which hedge funds derive their returns and shows that
the majority of hedge fund returns derive from systematic risk
exposure rather than manager "Alpha". Section three presents
various approaches to replicating hedge fund returns by presenting
the first and second generation of hedge fund replication products,
points out the pitfalls and strengths of the various approaches and
illustrates the mathematical concepts that underlie them.
With hedge fund replication going mainstream, this book provides
clear guidance on the topic to maximise returns.
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