In the continuously evolving hedge fund market, nothing is extra central–however in some ways, extra amorphous and elusive–than threat. Yet there stays no commonplace for analyzing and measuring threat inside this extremely secretive, largely unregulated area, leaving the hundreds of hedge funds–and the tens of hundreds of hedge fund buyers–in dangerously dim gentle. The trade has not solved the “transparency” problem–speaking threat to buyers with out disclosing proprietary info.
Hedge Fund Risk Fundamentals is the primary guide to deliver these points to the forefront. With readability, concision, and minimal math, Richard Horwitz lays out the important thing elements and the cutting-edge processes within the area of hedge fund threat administration right this moment. Against that backdrop, he presents a groundbreaking utility destined to set the usual for transparency and threat administration inside the hedge fund universe.
You’ll be taught why, on the subject of threat administration, 1 + 1 = 1.41. For all of these perplexed by the difficulties of assessing threat in hedge fund investing, Horwitz’s ideas make for a useful street map and a demystifying useful resource that hedge funds and buyers in any respect ranges will discover indispensable.
“A splendidly written guide on a subject that has vexed buyers and professionals alike–balancing the necessity to know towards the need to supply info. In a radical and complete method, Richard Horwitz takes the reader on an explanatory journey by the dangers related to hedge fund investing. His perception and expertise give him the attitude wanted to articulate the challenges confronted by this trade, in addition to providing a sound answer that I imagine couldn’t come quickly sufficient.”
—Andrew A Kandiew
Managing Director, Risk Management
“Richard Horwitz has produced a piece of remarkable sensible worth. This guide offers head-on with the challenges of hedge fund investing by offering clever, well-informed, and uniquely accessible recommendation. Most usefully, he offers a benchmark for hedge fund buyers to guage their very own funding processes.”
—Andrew B. Weisman
Director of Risk Management and Research, Strativarius Capital Management, LP
“Required studying for anybody who needs to grasp the tremendous factors of hedge fund threat measurement.”
Chairman, Greenwich Roundtable
“Not overly technical, this guide will not be solely a must-read for neophytes and the newly indoctrinated to threat on derivatives but additionally an excellent refocuser for threat professionals!”
—Robert M. Aaron
Chairman and CEO, Derivatives Portfolio Management, LLC
Member of the Board, Managed Funds Association
“A complete, eye-opening account on threat administration which must be learn by buyers and managers alike.”
President and CEO, Infovest21
“This guide presents a superb assessment of the complicated subject of hedge fund threat administration. Furthermore, it offers an modern and pragmatic answer to the important thing transparency situation.”
—Pierre Jette, MBA, CFA
Associate Vice President, Equity Markets, CDP Capital
“Richard Horwitz offers a invigoratingly contemporary and fascinating perspective on hedge funds, threat administration and investing ideas. Practitioners all too usually overlook the fundamental ideas of quantitative threat administration, and thus obscure moderately than illuminate the commerce off between threat and reward. This guide eloquently bridges the divide between the ‘theory’ and the ‘practice’ of investing in hedge funds.”
Director of Risk Management, Protégé Partners