David A.Strachman – Funds of Funds Investing

Valuable steering on fund of funds investing

While capital markets have change into extra advanced, traders are nonetheless trying to improve portfolio efficiency with out rising danger. Fund of funds investing is one such avenue to pursue. This sensible information offers you with the instruments wanted to know and consider your investments on this typically opaque space of finance. In Fund of Funds Investing, hedge fund skilled Daniel Strachman and fund of funds supervisor Richard Bookbinder supply useful insights into this world by way of an business overview and assessment of important points together with due diligence, danger and portfolio administration, and multi-strategy funds.

• Outlines methods that may assist you to make investments straight in a variety of hedge funds
• Other titles by Strachman: The Fundamentals of Hedge Fund Management, Essential Stock Picking Strategies, The Long and Short of Hedge Funds, Julian Robertson,andGetting Started in Hedge Funds, Second Edition
• Based on in depth interviews by the authors in addition to their experiences on this area

Funds of Funds Investing is a vital information to at least one of essentially the most misunderstood areas of fashionable finance.

From the Inside Flap

As capital markets proceed to evolve, and change into extra environment friendly, traders are experiencing a moderation of returns. This has put many establishments, and people, within the tough place of discovering higher methods to extend portfolio efficiency with out rising danger. In Fund of Funds Investing, hedge fund skilled Daniel Strachman and fund of funds supervisor Richard Bookbinder offer you the knowledge wanted to realize this elusive aim.

Written in a simple and accessible model, Fund of Funds Investing affords a singular overview of this typically misunderstood and opaque space of the funding market. Through a collection of high-level interviews, in addition to direct business expertise, Strachman and Bookbinder clarify the how’s and why’s of fund of funds investing, whereas offering you with the insights wanted to make stable choices about them—together with how a fund of funds might match into one’s portfolio.

Whether you’re simply starting to search for an entry level into the fund of funds enviornment or have a agency understanding of how they function, this dependable useful resource has what you could succeed. Page by web page, it addresses important points together with:

• How diversifying by way of fund of funds investing can ship particular danger/return profiles unattainable by way of single supervisor investing
• Fund buildings and costs
• Why the necessity for due diligence doesn’t diminish when investing in a fund of funds
• The elements that have an effect on alpha era in an uncorrelated portfolio

And rather more about investing, the markets, and the mayhem of 2008

Along the best way, this guide additionally appears to be like again on the historical past of the fund of funds business and examines the place the business is right this moment—within the wake of Madoff, the credit score disaster, and the failure of many hedge fund managers to carry out throughout the excessive volatility of 2007, 2008, and even 2009.

Fund of funds will proceed to develop in significance over the approaching years. In order to successfully perceive and consider these investments, you want the sensible steering that may solely be present in Fund of Funds Investing.

From the Back Cover

Praise for Fund of Funds Investing

“This book is a clear, practical description and guide to fund of funds investing. Written by two experienced professionals, it will be a valuable tool for both individual and professional investors.”
—William Michaelcheck, Chairman and Chief Investment Officer, Mariner Investment Group

“Fund of Funds Investing offers a wealth of data for any investor trying to provoke, keep, or increase their hedge fund investments.”
—Jay D. Levy, CPA, Partner and Financial Services Industry Co-Practice Director, J.H. Cohn LLP

“Strachman and Bookbinder have produced an actual gem in Fund of Funds Investing. In plain, easy language, the authors demystify hedge funds, fashionable portfolio idea, the dangers of various investing, and sophisticated fund of funds buildings. Seasoned business professionals will hold it helpful as a primer on how one can clarify these arcane ideas to their shoppers; the novice will use it to get a leg up. A must-read.”
—Gregory J. Nowak, Esq., Partner, Pepper Hamilton LLP

“Fund of Funds Investing is a must-read for these new to hedge funds, offering a powerful primer on the fund of hedge funds funding mannequin. The guide can also be useful for the skilled investor, relating a broad vary of matters, with fascinating perspective for the reader, particularly following the cataclysmic occasions of 2008.”
—Virginia Reynolds Parker, CFA, Managing Member and Chief Investment Officer, Parker Global Strategies, LLC