The Hedge Fund Handbook: A Definitive Guide for Analyzing and Evaluating Alternative Investments

by LAVINIO STEFANO

• ISBN13: 9780071350303
• ISBN10: 0071350306
• Edition: 1st
• Format: Hardcover
• Copyright: 1999-12-01
• Publisher: McGraw-Hill

Summary

Hedge funds--one of today's most popular and lucrative investments for high net-worth individuals--also carry tremendous risk for the unwary. The Hedge Fund Handbook provides new tools and frameworks for understanding these complex funds, with the emphasis on risk measurement and management. Extensive charts and graphs demonstrate the inadequacies of traditional methods of analysis while offering the reader a striking new method for detailed, accurate analysis.

Author Biography

Stefano Lavino (Norwalk, CT) is founder and managing director of the hedge fund firm LARA Capital, where his Flagship Fund returned 227% in three years. Lavino is a popular speaker in seminars and conferences worldwide.

Table of Contents

General Definitions, Functions, and Characteristics of Hedge Funds.

Some Trends and Fallacies Regarding Hedge Funds.

Hedge Fund Analysis.

Financial Risk and Hedge Funds.

Hedge Fund Returns.

Hedge Fund Leverage.

Detecting Leverage in Hedge Funds.

Randomness As a Source of Risk in Hedge Funds.

Identifying Hedge Fund Manager Skills.

Randomness and Hedge Fund Failure.

Hedge Funds and Portfolio Allocation.

Case Study of a Real-World Hedge Fund.

Conclusion: Putting It All Together.

Appendices:

1: Hedge Funds.

2: Distributions.

3: Risk Diversification.

4: The Hurst Index.

5: Risk-Free Rates and Peer-Group Index.