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

by Kevin R. Mirabile (Author)

A comprehensive guide to alternative investments and a valuable study companion for the CFA, CAIA, FRM and other professional examinations that include hedge fund investing

The 2nd Edition offers new material related to portfolio financing, how funds are sold, liquid alternatives, and the challenges faced when trying to value hedge fund management companies. This edition includes updated power point slides, and a companion workbook with an updated set of end of chapter problems and a revised set of over 150 test bank questions.

Hedge Fund Investing is a complete guide to alternative investments for students and professionals alike. Written to align with the CAIA curriculum, this book is much more than just an exam preparation resource--it's a fully comprehensive guide to hedge fund investing in today's market, designed to provide professionals with the deep understanding they need to operate effectively. Broad coverage under the alternative investment umbrella includes discussion about hedge funds, derivatives, investment banking, and commercial banking, with specific guidance toward trading, strategy, portfolio management, performance metrics, due diligence, and more. A full set of ancillary materials helps bring this book into the classroom, and provides rigorous reinforcement of the material presented in the text.

Alternative investment expertise has become central to the asset management and institutional investment community. This book facilitates clear understanding of the intricacies of the field and guides you through the practical skills needed to successfully navigate this diverse set of asset classes.

• Recognize hedge fund trends, flows, and characteristics
• Examine major hedge fund strategies and how they interact
• Learn the technical side of financing, settlement, and clearance
• Measure fund performance and optimize contributing factors

Hedge funds and other alternative investments are known for their high reward, but they also come with significant risk. The investment professional's role is to minimize these risks while maximizing reward, but the nuanced nature of these assets dramatically complicates the task. Hedge Fund Investing details every aspect to give you the deep and instinctual understanding you need to operate effectively within the alternative investment sphere.

Front Jacket

Hedge Fund Investing, Second Edition is a complete guide to alternative investments for students and professionals alike. This updated and expanded edition is a fully comprehensive guide to hedge fund investing in today's market, designed to provide professionals with the deep understanding they need to operate effectively. Broad coverage under the alternative investment umbrella includes discussion about hedge funds, derivatives, investment banking, and commercial banking, with specific guidance toward trading, strategy, portfolio management, performance metrics, due diligence, and more.

Alternative investment expertise has become central to the asset management and institutional investment community, and this peerless resource ensures a clear understanding of the intricacies of the field and skill-building guidance through the practical techniques used to navigate this diverse set of asset classes successfully.

This edition makes it easy to bring material into the classroom and includes rigorous reinforcement practice aimed at making you an expert on:

• Recognizing hedge fund trends, flows, and characteristics
• Examining major hedge fund strategies and how they interact
• The technical side of financing, settlement, and clearance
• Measuring fund performance and optimizing contributing factors

Whether you're studying for the CFA or CAIA exams or furthering your professional expertise, the learning objectives, clarifying illustrations, and thought-provoking discussion questions and exercises in each chapter enable you to master the how and why of the most prominent hedge fund investing strategies--including global macro and long/short equity, fixed income relative value, credit arbitrage, and convertible arbitrage.

Hedge Fund Investing, Second Edition gives you the deep and instinctual understanding you need to operate effectively within the alternative investment sphere.

Back Jacket

Hedge Fund Investing, Second Edition is a complete guide to alternative investments for students and professionals alike. This updated and expanded edition is a fully comprehensive guide to hedge fund investing in today's market, designed to provide professionals with the deep understanding they need to operate effectively. Broad coverage under the alternative investment umbrella includes discussion about hedge funds, derivatives, investment banking, and commercial banking, with specific guidance toward trading, strategy, portfolio management, performance metrics, due diligence, and more.

Alternative investment expertise has become central to the asset management and institutional investment community, and this peerless resource ensures a clear understanding of the intricacies of the field and skill-building guidance through the practical techniques used to navigate this diverse set of asset classes successfully.

This edition makes it easy to bring material into the classroom and includes rigorous reinforcement practice aimed at making you an expert on:

• Recognizing hedge fund trends, flows, and characteristics
• Examining major hedge fund strategies and how they interact
• The technical side of financing, settlement, and clearance
• Measuring fund performance and optimizing contributing factors

Whether you're studying for the CFA or CAIA exams or furthering your professional expertise, the learning objectives, clarifying illustrations, and thought-provoking discussion questions and exercises in each chapter enable you to master the how and why of the most prominent hedge fund investing strategies--including global macro and long/short equity, fixed income relative value, credit arbitrage, and convertible arbitrage.

Hedge Fund Investing, Second Edition gives you the deep and instinctual understanding you need to operate effectively within the alternative investment sphere.

Author Biography

KEVIN R. MIRABILE is a clinical assistant professor of finance and business economics at Fordham University's Gabelli School of Business, where he teaches courses on finance, alternative investing, and hedge funds. During his more than thirty years in financial services, he has held senior executive positions at Larch Lane Advisors, Morgan Stanley, Daiwa Securities, and Barclays Capital. He is a Certified Public Accountant, a member of the Hedge Fund Association's Education Committee, and a member of the Greenwich Roundtable's Founders Council. He also holds a bachelor's degree from S.U.N.Y. Albany, a master's degree in international banking and finance from Boston University, and a doctorate in finance and economics from Pace University.