Greg Gregoriou – Funds of Hedge Funds. Performance Assessment Diversification

With about $450 billion in belongings, funds of hedge funds are the newest darling of traders. While hedge funds carry excessive threat for the promise of excessive returns they’re designed for the very wealthy and for giant institutional traders akin to pension funds. A Fund of Hedge Funds (FOF) spreads investments amongst a quantity of hedge funds to cut back threat and supply diversification, whereas sustaining the potential for increased than common returns. Odds are that some pension fund of yours is invested closely in these merchandise, and extra just lately these FOFs have been opened to increasingly more particular person traders in offshore jurisdictions with decrease minimal entry ranges. Since it is a new and intensely fast-moving monetary phenomenon, tutorial analysis has simply begun in earnest, and that is the primary ebook to current rigorous tutorial analysis by some of the main lights in tutorial finance, fastidiously analyzing the broad array of points concerned in FOFs.

* With over $450 billion in belongings, hedge funds of funds are the darling of traders
* First ebook to current rigorous tutorial analysis about funds of funds
* Leading lights in tutorial finance from all over the world analyze the broad array of points concerned in funds of funds

Review

“Want to learn all about hedge funds and funds of hedge funds and sift out the truth from the misconceptions? Then read this comprehensive assessment of the field. It goes from A to Z in coverage and together all the papers provide a good course in this fast growing and controversial subject.”
— William T. Ziemba, Alumni Professor of Financial Modeling and Stochastic Optimization (Emeritus), Sauder School of Business, University of British Columbia

“Funds of hedge funds are fast emerging as one of the most popular alternative investment vehicles offering diversification, access to hedge funds that are closed for new investment, and due diligence. This great collection of research articles on funds of hedge funds will surely inform the readers about the pros and cons associated with investing in funds of hedge funds.”
— Vikas Agarwal, Assistant Professor of Finance, J. Mack Robinson College of Business, Georgia State University

“The international demand for hedge funds from institutional investors is gaining more and more momentum. As most of this growth can be attributed to funds of hedge funds, this excellent new edited book couldn’t be more timely. Again, the editor has done an outstanding job of gathering contributions of great academic and practical use from some of the leading authorities in this area often considered as opaque. Fund of Hedge Funds is the definitive source of information for industry professionals, institutional investors and academics alike. A more comprehensive analysis of the Performance, Application and Risk Management of fund of hedge funds is hard to come by.”
— Dieter G. Kaiser, Institutional Research, Benchmark Alternative Strategies GmbH

“According to TASS Tremont, the fraction of hedge funds that are funds of funds has doubled over the past five years, to 28 percent of all hedge funds as of September 2005. Attention must be paid. Academics have only just recently started to become interested in this business. This book of readings is one the first published collections of original scholarly papers on this subject. It is of great interest to many academics as well as of course to the many practitioners who are in the business today or who would very much like to enter the fund of funds business.”
— Stephen J. Brown, David Loeb Professor of Finance, NYU Stern School of Business