You have no items in your shopping cart.

An Introduction to Hedge Funds

An Introduction to Hedge Funds

  • Author:
  • Publisher: Risk Books
  • ISBN: 9781904339915
  • Published In: December 2007
  • Format: Paperback
  • Jurisdiction: International ? Disclaimer:
    Countri(es) stated herein are used as reference only

List Price: HKD 1,162.50

HKD 1,127.63 Save HKD 34.87 (3%)

Delivery Time: around 2-3 weeks
Extra 2-10 working days if shipping address outside Hong Kong
Free delivery Hong Kong?
Hong Kong: free delivery (order over HKD 1000)
OR
  • Description 
  • Contents 
  • Author 
  • Details

    This new introductory text, clearly explains what a hedge fund is, how it interacts with service providers, how it operates and - particularly appropriate to today’s markets - what happens when things go wrong.

    Hedge funds are one of the most dynamic, and important, players in the financial services industry and command worldwide attention. This primer, authored by a leading financial services industry participant, sets out the context of hedge funds and provides you with practical advice on how they operate.

    It begins by defining the characteristics and functions of a hedge fund, illustrating who is involved both internally and externally. It goes on to provide a step-by-step guide to setting up a hedge fund and discusses how unregulated hedge funds are regulated.

    It looks at hedge fund litigation and directs you to recommended resources. All of this is combined in a format that will enable you to grasp this important, complex subject relatively quickly. Aimed at newcomers to the hedge fund industry, this introductory text is particularly useful for:

    • new hedge fund directors who have not previously served on a hedge fund board;
    • investors seeking to learn about hedge funds;
    • investment bankers that are transferring into a prime brokerage team;
    • accountants responsible for hedge fund advisors;
    • long-only fund managers that have been asked to co-manage a new long-short global equity hedge fund;
    • anyone interested in understanding how a hedge fund works.


  • Introduction

     

    1 Hedge Funds: What Are They?

    What is a hedge fund?

    Alternative investments

    Private equity

    Types of hedge funds

    Hedge funds globally

    Service providers

    Should hedge funds be defined and regulated?

    Do hedge funds pose risks?

    What type of hedge fund will feature in this book?

     

    2 Types and Structures of Hedge Funds

    Corporate, limited partnership and unit trust models

    Oversight

    The securities of hedge funds

    Strategies and weighting

    Restrictions

    Funds of hedge funds

    Hedge fund variants

     

    3 What’s in an Articles of Association, a Limited Partnership

    Agreement or a Unit Trust Agreement?

    Sources of law

    Incorporation and capital structure

    Memorandum

    Articles

     

    4 Setting up the Hedge Fund

    Planning the hedge fund

    Identifying service providers - the RFP process

    Requests for Proposals

    Selecting the prime broker

    Selecting the administrator

    The investment manager

    The selection process

     

    5 Hedge Funds and Service Providers

    The investment manager

    The administrator

    The prime broker

    SLAs

     

    6 How to Read an Offering Memorandum

    Drafting

    What goes into an Offering Memorandum?

    Cover page

    Important information

    Directory

    Definitions

    Summary (or key features)

    Investment objective, policy and restrictions

    Management

    Service providers

    Subscriptions

    Net asset value

    Fees and expenses

    Risk factors

    Conflicts of interest

    Reports

    Master fund issues

    Taxation

    General and statutory information

    Appendixes

    Private placement memorandum

    Verification

     

    7 How are Shares or Interests in a Hedge Fund Marketed?

    Private placements

    Investors

    Due Diligence Questionnaires

    Distribution

    The subscription process

    Equalisation

     

    8 How is a Hedge Fund Operated?

    Preparations for launch

    Initial offering period

    Research and fund management - and fiduciary duties

    Trading

    Prime brokerage

    Administration

    Compliance

    Directors

    Hedge fund indexes and informational services

     

    9 Key Issues: Valuations, Corporate Governance and Side Letters

    Valuations

    Corporate governance

    Side letters

     

    10 What Happens When Something Goes Wrong?

    Valuations

    Collateral

    Prime broker conflicts of interest

    Loss of key employees

    Risk management

    Redemptions

    Adding or changing service providers

    Insolvency

     

    Appendix 1. Example Articles of Association

    Appendix 2. Documents to Launch a Cayman Islands Hedge Fund

    Index

  • Mark Berman

    Mark Berman, the founder and CEO of CompliGlobe Ltd, advises and conducts training programmes for hedge funds, investment managers, issuers, regulators and multi-national banks and brokers in Europe and Asia on SEC practice outside the United States, UK and EU issues and cross-border regulatory, compliance and AML matters. Mark was a senior lawyer with the Division of Corporation Finance and the Division of Market Regulation of the US Securities and Exchange Commission where he worked on disclosure and trading practices issues, respectively. He was a senior lawyer with the London Stock Exchange where he advised on UK, EU and US supervision, surveillance and regulatory matters and listing rules issues, and drafted the 1994 re-write of the trading rules. Mark began his career in financial services with Merrill Lynch. In 15 years of industry experience and apart from his time as a regulator, he held senior positions as head of legal and compliance, compliance officer, MLRO and assistant company secretary. He chaired and served on new product committees.

    Mark wrote An Introduction to Hedge Funds (2007 Risk Books) and edited and contributed to SEC Regulation Outside the United States (6th ed. 2007 Risk Books) and Hedge Funds & Prime Brokers (2nd ed. 2010 Risk Books). He founded, chairs and speaks at “SEC Regulation Outside the United States” and the workshops “SEC Basics”, “SEC Inspections and CCOs” and “How to Navigate a Prime Brokerage Agreement,” given in Hong Kong, London, Singapore and other European and Asian locations. Mark is a member of the Advisory Council of the SEC Historical Society (Trustee from 2006 to 2009) and served on the task force for the SEC’s 75th anniversary. He is a member of the BSF Hall of Fame.

You may also be interested in these books:

Hiring Greatness: How to Recruit Your Dream Team and Crush the Competition
Hiring Greatness: How to Recruit Your Dream Team and Crush the Competition

List Price: HKD 270.00

HKD 261.90 Save HKD 8.10 (3%)

How to Lead a Values-Based Professional Services Firm: 3 Keys to Unlock Purpose and Profit
How to Lead a Values-Based Professional Services Firm: 3 Keys to Unlock Purpose and Profit

List Price: HKD 400.00

HKD 388.00 Save HKD 12.00 (3%)

Butterworths Hong Kong Employee Compensation Handbook, 6th Edition
Butterworths Hong Kong Employee Compensation Handbook, 6th Edition

List Price: HKD 1,900.00

HKD 1,843.00 Save HKD 57.00 (3%)

Workplace Investigations, 2nd Edition
Workplace Investigations, 2nd Edition

List Price: HKD 670.00

HKD 335.00 Save HKD 335.00 (50%)

Armstrong's Handbook of Human Resource Management Practice, 15th Edition
Armstrong's Handbook of Human Resource Management Practice, 15th Edition

List Price: HKD 607.50

HKD 589.28 Save HKD 18.22 (3%)

Individual Income Tax Planning for Expatriates in China, 6th Edition
Individual Income Tax Planning for Expatriates in China, 6th Edition

List Price: HKD 1,280.00

HKD 640.00 Save HKD 640.00 (50%)

Hong Kong Employment Law: A Practical Guide, 5th Edition
Hong Kong Employment Law: A Practical Guide, 5th Edition

List Price: HKD 1,500.00

HKD 1,455.00 Save HKD 45.00 (3%)

The Employee Experience: How to Attract Talent, Retain Top Performers, and Drive Results
The Employee Experience: How to Attract Talent, Retain Top Performers, and Drive Results

List Price: HKD 280.00

HKD 271.60 Save HKD 8.40 (3%)

Butterworths Employment Law Handbook 2022
Butterworths Employment Law Handbook 2022

List Price: HKD 3,137.20

HKD 3,043.08 Save HKD 94.12 (3%)

Drafting Employment Documents for Expatriates, 2nd Edition
Drafting Employment Documents for Expatriates, 2nd Edition

List Price: HKD 1,350.00

HKD 1,309.50 Save HKD 40.50 (3%)

Employment Law in China, 4th Edition
Employment Law in China, 4th Edition

List Price: HKD 800.00

HKD 320.00 Save HKD 480.00 (60%)

Employees' Intellectual Property Rights, 2nd Edition
Employees' Intellectual Property Rights, 2nd Edition

List Price: HKD 1,850.00

HKD 1,794.50 Save HKD 55.50 (3%)

Employment Law and Practice in Hong Kong, 2nd Edition
Employment Law and Practice in Hong Kong, 2nd Edition

List Price: HKD 4,701.00

HKD 4,559.97 Save HKD 141.03 (3%)

International Employment Law Disputes
International Employment Law Disputes

List Price: HKD 2,100.00

HKD 2,037.00 Save HKD 63.00 (3%)

Settlement of Individual Employment Disputes
Settlement of Individual Employment Disputes

List Price: HKD 1,687.50

HKD 1,636.88 Save HKD 50.62 (3%)

Developing Human Capital
Developing Human Capital

List Price: HKD 600.00

HKD 582.00 Save HKD 18.00 (3%)

Managing Employment Relations, 7th Edition
Managing Employment Relations, 7th Edition

List Price: HKD 648.00

HKD 628.56 Save HKD 19.44 (3%)

Performance Management
Performance Management

List Price: HKD 337.50

HKD 49.00 Save HKD 288.50 (85%)

Simply HR: Strategies Behind 30 Leading Companies’ HR Success in Hong Kong and China
Simply HR: Strategies Behind 30 Leading Companies’ HR Success in Hong Kong and China

List Price: HKD 320.00

HKD 160.00 Save HKD 160.00 (50%)