Hedge Funds Structure Strategies And Performance PdfBy Winni M. In and pdf 08.12.2020 at 18:11 7 min read
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This section presents an overview of the hedge fund industry, focusing on its current structure and recent performance. It provides a brief history of the evolution of hedge funds, considers available data on the size and structure of the industry, examines the performance of hedge funds, and discusses the behavior and individual performance of some of the large macro hedge funds against the backdrop of major macroeconomic events in which these funds have been ascribed key roles. The section ends with a summary of the main conclusions. In , A. Jones established in the United States—first as a general partnership, later converted to a limited partnership—what is regarded as the first hedge fund. Jones combined the two investment tools—short-selling and leveraging—to create what was in fact a conservative investment system.
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The book examines hedge funds and provides important insights about such topics as their structure and how they work, hedge fund strategies, performance.
Hedge Funds: Structure, Strategies, and Performance
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading , portfolio -construction and risk management techniques in an attempt to improve performance, such as short selling , leverage , and derivatives. Hedge funds are regarded as alternative investments. Their ability to make more extensive use of leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, such as mutual funds and ETFs. They are also considered distinct from private-equity funds and other similar closed-end funds , as hedge funds generally invest in relatively liquid assets and are generally open-ended , meaning that they allow investors to invest and withdraw capital periodically based on the fund's net asset value , whereas private-equity funds generally invest in illiquid assets and only return capital after a number of years.
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This book provides an objective look into the complicated and rapidly changing world of hedge funds. The book does not attempt to promote hedge funds as an asset class but instead provides a synthesis of the theoretical and empirical literature on hedge funds. By providing objective evidence, the book dispels some common misconceptions about hedge funds involving their volatility and use of derivatives and leverage. The book examines hedge funds and provides important insights about such topics as their structure and how they work, hedge fund strategies, performance and measurement, and trends