Hedge Funds: Structure, Strategies, and Performance (Financial Markets and Investments) - Hardcover

Hardcover

ISBN 10: 0190607378 ISBN 13: 9780190607371

Publisher: Oxford University Press, 2017

Synopsis

Hedge Funds: Structure, Strategies, and Performance provides a synthesis of the theoretical and empirical literature on this intriguing, complex, and frequently misunderstood topic.

The book dispels some common misconceptions of hedge funds, showing that they are not a monolithic asset class but pursue highly diverse strategies. Furthermore, not all hedge funds are unusually risky, excessively leveraged, invest only in illiquid asses, attempt to profit from short-term market movements, or only benefit hedge fund managers due to their high fees. Among the core issues addressed are how hedge funds are structured and how they work, hedge fund strategies, leading issues in this investment, and the latest trends and developments.

The authors examine hedge funds from a range of perspectives, and from the theoretical to the practical. The book explores the background, organization, and economics of hedge funds, as well as their structure. A key part is the diverse investment strategies hedge funds follow, for example some are activists, others focusing on relative value, and all have views on managing risk. The book examines various ways to evaluate hedge fund performance, and enhances understanding of their regulatory environment. The extensive and engaging examination of these issues help the reader understands the important issues and trends facing hedge funds, as well as their future prospects.

About this title

About the Author

H. Kent Baker is a University Professor of Finance in the Kogod School of Business at American University. As one of the most prolific finance academics, Professor Baker has authored or edited 26 books and has published more than 160 refereed articles in such journals as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, and Journal of Portfolio Management. He has consulting and training experience with more than 100 organizations. Professor Baker holds a BSBA from Georgetown University; M.Ed., MBA, and DBA degrees from the University of Maryland; and an MA, MS, and two PhDs from American University. He also holds CFA and CMA designations.

Greg Filbeck is a Samuel P. Black III Professor of Finance and Risk Management at Penn State Behrend and serves as the Interim Director for the Black School of Business. Professor Filbeck has authored or edited seven books and published more than 90 refereed academic journal articles appearing in the Financial Analysts Journal, Financial Review, and Journal of Business, Finance, and Accounting. He received a BS from Murray State University; an MS from Penn State University, and a DBA (finance) from the University of Kentucky. He also holds the CFA, FRM, PRM, CIPM, and CAIA designations.

Review

"Anyone with an interest in hedge funds and hedge fund investing will find this book a useful, unbiased, comprehensive overview and critical information resource... Baker and Filbeck provide a valuable, in-depth resource and reference collection of articles exploring the complicated and significant role hedge funds represent in todayâs financial markets." -- S. R. Kahn (University of Cincinnati), Choice Reviews Vol 55.

"This is a highly readable overview of the structure, strategies, and performance of hedge funds that can be used as a text, as a reference, or simply as a way to thoroughly understand the hedge fund industry."

-- Roger Ibbottson, Chairman and CIO of Zebra Capital Management, LLC. and Professor in Practice Emeritus at Yale School of Management

"This book is an excellent compilation of important articles by both scholars and practitioners revealing the mysteries of the secretive world of hedge funds. The unique blend of theory and practice in this book should serve as an invaluable resource for anyone interested in hedge funds. Highly recommended!"

-- Vikas Agarwal, H. Talmage Dobbs, Jr. Chair and Professor of Finance at Georgia State University and J. Mack Robinson College of Business, Atlanta, USA

Edition details

• Publisher: Oxford University Press
• Publication date: 2017
• ISBN 10: 0190607378
• ISBN 13: 9780190607371
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 696
• Editor: Baker H. Kent, Filbeck Greg