{"product_id":"hedge-fund-analysis-an-in-depth-guide-to-evaluating-return-potential-and-assessing-risks-hardcover","title":"Hedge Fund Analysis: An In-Depth Guide to Evaluating Return Potential and Assessing Risks - Hardcover","description":"\u003cp\u003eby \u003cb\u003eFrank J. Travers\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA detailed, step-by-step book covering the entire hedge fund evaluation process\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eInvesting 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.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHedge Fund Analysis\u003c\/i\u003e 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProvides a detailed look at how to source hedge funds, screen through them, and rank their strengths and weaknesses\u003c\/li\u003e \u003cli\u003eLays out a thorough process for evaluating funds, from initial interviews to performance analysis to onsite meetings\u003c\/li\u003e \u003cli\u003eReveals what questions to ask by strategy in order to understand the underlying risk factors associated with each\u003c\/li\u003e \u003cli\u003eHighlights non-investment analysis, including operational due diligence and risk management, as integral elements in the process\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten 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.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eWith more than 8,000 hedge funds in existence today, the process of identifying, analyzing, allocating, and actively monitoring a short list of funds that meet your specific needs is harder than ever before.\u003c\/p\u003e \u003cp\u003eWhile effective hedge fund analysis can be conducted in various ways and employ a myriad of models and techniques, the basic elements of the process are always the same. It requires answering essential questions that involve all aspects of the hedge fund business, including personnel, underlying investment strategy and risk, competitive advantages or \"edge,\" back office and operations, administration, legal matters, financial issues, marketing, client service, transparency, liquidity, reporting, and more.\u003c\/p\u003e \u003cp\u003eWith over two decades of experience analyzing alternative and traditional investment strategies and managers, author Frank Travers knows what it takes to excel at this difficult endeavor. And now, with \u003ci\u003eHedge Fund Analysis\u003c\/i\u003e, he shares his extensive insights with you.\u003c\/p\u003e \u003cp\u003eDivided into two informative parts, this comprehensive resource provides background information--including the history of hedge funds, a discussion of their pros and cons, and how the asset class fits into diversified institutional portfolios--in Part One, and then moves on to detail a template for hedge fund due diligence in Part Two. To illustrate how the process works, Travers has created a fictional hedge fund organization and takes you through each step of the due diligence process, peeling back the onion one layer at a time so that you'll ultimately discover how to distill the massive amounts of information you're bombarded with and make informed and intelligent investment decisions. Throughout the book, you'll gain valuable insights on: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eData collection and interviewing techniques\u003c\/li\u003e \u003cli\u003ePerformance and strategy analysis\u003c\/li\u003e \u003cli\u003eOperational and risk assessments\u003c\/li\u003e \u003cli\u003eLegal and financial analysis\u003c\/li\u003e \u003cli\u003eQuantitative hedge fund scoring\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCreated for the serious financial professional as well as anyone else looking to evaluate and understand how hedge funds work, this no-nonsense guide will put you in a better position to excel in this competitive arena.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eWith more than 8,000 hedge funds in existence today, the process of identifying, analyzing, allocating, and actively monitoring a short list of funds that meet your specific needs is harder than ever before. \u003c\/p\u003e\u003cp\u003eWhile effective hedge fund analysis can be conducted in various ways and employ a myriad of models and techniques, the basic elements of the process are always the same. It requires answering essential questions that involve all aspects of the hedge fund business, including personnel, underlying investment strategy and risk, competitive advantages or \"edge,\" back office and operations, administration, legal matters, financial issues, marketing, client service, transparency, liquidity, reporting, and more. \u003c\/p\u003e\u003cp\u003eWith over two decades of experience analyzing alternative and traditional investment strategies and managers, author Frank Travers knows what it takes to excel at this difficult endeavor. And now, with \u003ci\u003eHedge Fund Analysis\u003c\/i\u003e, he shares his extensive insights with you. \u003c\/p\u003e\u003cp\u003eDivided into two informative parts, this comprehensive resource provides background information--including the history of hedge funds, a discussion of their pros and cons, and how the asset class fits into diversified institutional portfolios--in Part One, and then moves on to detail a template for hedge fund due diligence in Part Two. To illustrate how the process works, Travers has created a fictional hedge fund organization and takes you through each step of the due diligence process, peeling back the onion one layer at a time so that you'll ultimately discover how to distill the massive amounts of information you're bombarded with and make informed and intelligent investment decisions. Throughout the book, you'll gain valuable insights on: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eData collection and interviewing techniques\u003c\/li\u003e \u003cli\u003ePerformance and strategy analysis\u003c\/li\u003e \u003cli\u003eOperational and risk assessments\u003c\/li\u003e \u003cli\u003eLegal and financial analysis\u003c\/li\u003e \u003cli\u003eQuantitative hedge fund scoring\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCreated for the serious financial professional as well as anyone else looking to evaluate and understand how hedge funds work, this no-nonsense guide will put you in a better position to excel in this competitive arena.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFRANK J. TRAVERS, CFA, \u003c\/b\u003e is a portfolio manager at Larch Lane Advisors. He has over two decades of experience analyzing traditional long-only, private equity, and hedge fund strategies. Previously, he was the director of research at First Peninsula Capital and a portfolio manager at Pine Street Advisors and CIC Group. Additionally, he held positions as the director of due diligence at CIBC World Markets, associate director of international equity research at Evaluation Associates, and senior analyst positions at Morgan Stanley Asset Management and RCB Trust. Travers is the author of \u003ci\u003eInvestment Manager\u003c\/i\u003e \u003ci\u003eAnalysis: A Comprehensive Guide to Portfolio\u003c\/i\u003e \u003ci\u003eSelection, Monitoring, and Optimization\u003c\/i\u003e, also published by Wiley. He received his BS in finance from St. John's University and his MBA from Fordham University.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 416\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.3 x 9.1 x 6.4 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 02, 2012\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51772730310944,"sku":"9781118175460","price":95.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/ff1802d7d19a6b7dad6f5c3d03b89bf9.webp?v=1780412698","url":"https:\/\/ebocreations.com\/products\/hedge-fund-analysis-an-in-depth-guide-to-evaluating-return-potential-and-assessing-risks-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}