Investment / Trading

Hedge Fund Investing A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance

By Kevin R. Mirabile
John Wiley & Sons January 2013

Specifications

ISBN-13
9781118281222
Publisher
John Wiley & Sons
Publication
January 2013
Format
Hardback , 350 pages
Jurisdiction
International ? Countri(es) for reference only

Details

The most up-to-date look at how to understand, and invest in, hedge funds

Hedge funds are an essential part of the alternative investing arena, and will continue to be so for the foreseeable future. It's important that those investing, or thinking about investing, with hedge funds know exactly what they are about. That's why Kevin Mirabile—a financial professional with over twenty years of business development, regulatory, financing, trading, and sales experience in the hedge fund sector—has created Understanding Hedge Fund Investing.

Page-by-page, this reliable resource offers valuable insights into one of the most competitive parts of the investment world. Along the way, you'll become familiar with the evolution of hedge funds and their structure as well as discover what types of individuals and institutions invest using hedge funds. Mirable also takes the time to examine the risks of investing in hedge funds and talks about hedge fund financial statements and taxation.

  • Provides complete coverage of this important investment vehicle, from its different types of investing strategies and styles to what it takes to be a hedge fund manager
  • Multiple-choice questions follow each chapter to assess your comprehension of the topics covered
  • A companion Website contains portfolio models that can be uploaded for use as well as supplementary material that allows you to learn in a hands-on fashion long after closing the book

Hedge funds offer investors opportunities that aren't usually found elsewhere. But to benefit from them, you first must understand them. This book has the information you need to succeed at this difficult endeavor.

Table of Contents

Preface

Acknowledgements

Part I: Overview

Chapter 1: The Basics of Hedge Fund Investing

Chapter 2: Who Invests in Hedge Funds and Why?

Chapter 3: Industry Trends, Flows, and Characteristics

Part II: Understanding the Strategies

Chapter 4: Global Macro Investing

Chapter 5: Long and Short Equity Strategies

Chapter 6: Fixed Income Relative Value and Credit Arbitrage Strategies

Chapter 7: Convertible Arbitrage Strategies

Chapter 8: Multi Strategy Funds and Funds of Hedge Funds

Part III: Evaluating Individual Fund Performance and Factors Influencing Performance

Chapter 9: Measuring Performance and Performance Persistence

Chapter 10: Impact of Fund Characteristics and Terms on Performance

Chapter 11: Performing Due Diligence on Specific Managers and Funds

Chapter 12: Evaluating the Roles of Service Providers

Conclusion

Glossary

Index

About the Author

KEVIN R. MIRABILE has been Chief Operating Officer of Larch Lane Advisors. He has over twenty years of business development, regulatory, financing, trading, and sales experience in the hedge fund sector. Mirabile was previously COO of Orca Asset Management, a principal at Morgan Stanley, president of the Morgan Stanley Trust Company, an executive vice president at Daiwa Securities, and a managing director and operating committee member of Barclays Capital. He is a CPA, a member of the AICPA, the International Association of Financial Engineers, the Greenwich Roundtable's Founders Council, and is a Professor of Finance and Business Economics at Fordham University's Gabelli School of Business. Mirabile received his BS in accounting from SUNY, Albany, and his MS in banking and finance from Boston University.

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