Hedge Fund Analysis

ebook An In-Depth Guide to Evaluating Return Potential and Assessing Risks · Wiley Finance

By Frank J. Travers

cover image of Hedge Fund Analysis

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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.

    Hedge Fund Analysis