Market Risk Management for Hedge Funds

Market Risk Management for Hedge Funds
Author: Francois Duc
Publisher: John Wiley & Sons
Total Pages: 262
Release: 2010-04-01
Genre: Business & Economics
ISBN: 0470740795
GET BOOK

Download Market Risk Management for Hedge Funds Book in PDF, Epub and Kindle

This book provides a cutting edge introduction to market risk management for Hedge Funds, Hedge Funds of Funds, and the numerous new indices and clones launching coming to market on a near daily basis. It will present the fundamentals of quantitative risk measures by analysing the range of Value-at-Risk (VaR) models used today, addressing the robustness of each model, and looking at new risk measures available to more effectively manage risk in a hedge fund portfolio. The book begins by analysing the current state of the hedge fund industry - at the ongoing institutionalisation of the market, and at its latest developments. It then moves on to examine the range of risks, risk controls, and risk management strategies currently employed by practitioners, and focuses on particular risks embedded in the more classic investment strategies such as Long/Short, Convertible Arbitrage, Fixed Income Arbitrage, Short selling and risk arbitrage. Addressed along side these are other risks common to hedge funds, including liquidity risk, leverage risk and counterparty risk. The book then moves on to examine more closely two models which provide the underpinning for market risk management in investment today - Style Value-at-Risk and Implicit Value-at-Risk. As well as full quantitative analysis and backtesting of each methodology, the authors go on to propose a new style model for style and implicit Var, complete with analysis, real life examples and backtesting. The authors then go on to discuss annualisation issues and risk return before moving on to propose a new model based on the authors own Best Choice Implicit VaR approach, incorporating quantitative analysis, market results and backtesting and also its potential for new hedge fund clone products. This book is the only guide to VaR for Hedge Funds and will prove to be an invaluable resource as we embark into an era of increasing volatility and uncertainty.

Managing Hedge Fund Risk and Financing

Managing Hedge Fund Risk and Financing
Author: David P. Belmont
Publisher: John Wiley & Sons
Total Pages: 400
Release: 2011-09-13
Genre: Business & Economics
ISBN: 0470827262
GET BOOK

Download Managing Hedge Fund Risk and Financing Book in PDF, Epub and Kindle

The ultimate guide to dealing with hedge fund risk in a post-Great Recession world Hedge funds have been faced with a variety of new challenges as a result of the ongoing financial crisis. The simultaneous collapse of major financial institutions that were their trading counterparties and service providers, fundamental and systemic increases in market volatility and illiquidity, and unrelenting demands from investors to redeem their hedge fund investments have conspired to make the climate for hedge funds extremely uncomfortable. As a result, many funds have failed or been forced to close due to poor performance. Managing Hedge Fund Risk and Financing: Adapting to a New Era brings together the many lessons learned from the recent crisis. Advising hedge fund managers and CFOs on how to manage the risk of their investment strategies and structure relationships to best insulate their firms and investors from the failures of financial counterparties, the book looks in detail at the various methodologies for managing hedge fund market, credit, and operational risks depending on the hedge fund's investment strategy. Also covering best practice ISDA, Prime Brokerage, Fee and Margin Lock Up, and including tips for Committed Facility lending contracts, the book includes everything you need to know to learn from the events of the past to inform your future hedge fund dealings. Shows how to manage hedge fund risk through the application of financial risk modelling and measurement techniques as well as the structuring of financial relationships with investors, regulators, creditors, and trading counterparties Written by a global finance expert, David Belmont, who worked closely with hedge fund clients during the crisis and experienced first hand what works Explains how to profit from the financial crisis In the wake of the Financial Crisis there have been calls for more stringent management of hedge fund risk, and this timely book offers comprehensive guidelines for CFOs looking to ensure world-class levels of corporate governance.

The Hedge Fund Compliance and Risk Management Guide

The Hedge Fund Compliance and Risk Management Guide
Author: Armelle Guizot
Publisher: John Wiley & Sons
Total Pages: 466
Release: 2006-10-25
Genre: Business & Economics
ISBN: 0470086041
GET BOOK

Download The Hedge Fund Compliance and Risk Management Guide Book in PDF, Epub and Kindle

The Hedge Fund Compliance and Risk Management Guide provides you with a broad examination of the most important compliance and risk management issues associated with today’s hedge funds. Straightforward and accessible, this invaluable resource covers everything from how hedge funds continue to generate lucrative returns to why some use sophisticated instruments and financial engineering to get around fundamental regulatory laws.

Hedge Fund Risk Fundamentals

Hedge Fund Risk Fundamentals
Author: Richard Horwitz
Publisher: John Wiley & Sons
Total Pages: 310
Release: 2007-07-01
Genre: Business & Economics
ISBN: 9781576602577
GET BOOK

Download Hedge Fund Risk Fundamentals Book in PDF, Epub and Kindle

In the constantly evolving hedge fund marketplace, nothing is more central--but in many ways, more amorphous and elusive--than risk. Yet there remains no standard for analyzing and measuring risk within this highly secretive, largely unregulated field, leaving the thousands of hedge funds--and the tens of thousands of hedge fund investors--in dangerously dim light. The industry has not solved the "transparency" challenge--communicating risk to investors without disclosing proprietary information. Hedge Fund Risk Fundamentals is the first book to bring these issues to the forefront. With clarity, concision, and minimal math, Richard Horwitz lays out the key components and the cutting-edge processes in the field of hedge fund risk management today. Against that backdrop, he presents a groundbreaking utility destined to set the standard for transparency and risk management within the hedge fund universe. You’ll learn why, when it comes to risk management, 1 + 1 = 1.41. For all of those perplexed by the difficulties of assessing risk in hedge fund investing, Horwitz’s concepts make for an invaluable road map and a demystifying resource that hedge funds and investors at all levels will find indispensable.

Hedge Funds

Hedge Funds
Author: Greg N. Gregoriou
Publisher: Beard Books
Total Pages: 385
Release: 2003
Genre: Business & Economics
ISBN: 158798203X
GET BOOK

Download Hedge Funds Book in PDF, Epub and Kindle

Twenty-one contributions from academics and practitioners discuss recent research on hedge funds. Aimed at investment professionals and high net worth individuals, the text deals with current methods of hedge fund tracking, evaluation, and selection. Sample topics include convertible arbitrage funds

The long and short of hedge funds

The long and short of hedge funds
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher:
Total Pages: 224
Release: 2003
Genre: Business & Economics
ISBN:
GET BOOK

Download The long and short of hedge funds Book in PDF, Epub and Kindle

A Study on the Effective Risk Management of Hedge Funds

A Study on the Effective Risk Management of Hedge Funds
Author: Sok-Tae Kim
Publisher:
Total Pages: 21
Release: 2017
Genre:
ISBN:
GET BOOK

Download A Study on the Effective Risk Management of Hedge Funds Book in PDF, Epub and Kindle

The objective of this study is to analyze various risks which may arise in managing hedge funds and to further derive out effective risk management methods of those risks. From the global perspective, hedge funds were introduced decades ago and have been quite well advanced in the financial fields. However, unique aspects of hedge funds in the nonlinear and nonnormal payoffs have incurred many failures as well. Compared with a long history of hedge funds in the developed financial markets, Korea began to allow hedge funds to float in the markets only from 2011. Since the introduction of hedge funds in Korea, the size and variety have been increased significantly, even still far behind those of the advanced countries. However, since many limits and regulations on hedge fund industry are about to be lifted and relaxed from October 2015, numerous asset management firms are planning to jump in this market. As an investment vehicle, new opportunities in this sector could be accompanied by many new and unseen risks. This study maps out various risks associated with hedge funds such as market risk, credit risk, liquidity risk, operational risk, reputation risk, and other risks depending upon the styles and strategies of hedge funds. Then various risk measures are compared and evaluated. Finally, it offers some effective risk management methods.

Risk Management in Trading

Risk Management in Trading
Author: Davis Edwards
Publisher: John Wiley & Sons
Total Pages: 323
Release: 2014-06-30
Genre: Business & Economics
ISBN: 1118768582
GET BOOK

Download Risk Management in Trading Book in PDF, Epub and Kindle

A comprehensive resource for understanding how to minimize risk and increase profits In this accessible resource, Wall Street trader and quantitative analyst Davis W. Edwards offers a definitive guide for nonprofessionals which describes the techniques and strategies seasoned traders use when making decisions. Risk Management in Trading includes an introduction to hedge fund and proprietary trading desks and offers an in-depth exploration on the topic of risk avoidance and acceptance. Throughout the book Edwards explores the finer points of financial risk management, shows how to decipher the jargon of professional risk-managers, and reveals how non-quantitative managers avoid risk management pitfalls. Avoiding risk is a strategic decision and the author shows how to adopt a consistent framework for risk that compares one type of risk to another. Edwards also stresses the fact that any trading decision that isn't based on the goal of maximizing profits is a decision that should be strongly scrutinized. He also explains that being familiar with all the details of a transaction is vital for making the right investment decision. Offers a comprehensive resource for understanding financial risk management Includes an overview of the techniques and tools professionals use to control risk Shows how to transfer risk to maximize results Written by Davis W. Edwards, a senior manager in Deloitte's Energy Derivatives Pricing Center Risk Management in Trading gives investors a hands-on guide to the strategies and techniques professionals rely on to minimize risk and maximize profits.

Hedge Funds

Hedge Funds
Author: François-Serge Lhabitant
Publisher: Wiley
Total Pages: 0
Release: 2002-05-22
Genre: Business & Economics
ISBN: 9780470844779
GET BOOK

Download Hedge Funds Book in PDF, Epub and Kindle

Full coverage of how hedge funds work, from risks to rewards L'Habitant discusses--from an investor's perspective--the potential uses, risks, and returns in hedge funds, while offering both the qualitative and quantitative tools investors need to access these types of funds. Topics not normally covered in discussions of hedge funds are included, such as how to include hedge funds in traditional portfolios, database differences, and non-transparency. A practical guide to a growing, yet little understood, segment of the financial industry. Francois-Serge L'Habitant, PhD (Geneva, Switzerland), is Head of Quantitative Risk Management at Union Bancaire Privee in Geneva, Switzerland. A former computer engineer, he previously served as Director of UBS Private Banking Division. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.