Hedge Funds For Dummies, 2nd Edition
- Length: 368 pages
- Edition: 2
- Language: English
- Publisher: For Dummies
- Publication Date: 2023-01-19
- ISBN-10: 1119907551
- ISBN-13: 9781119907558
- Sales Rank: #1082501 (See Top 100 Books)
Hedge your stock market bets with funds that can deliver returns in down markets
Hedge Funds For Dummies is your introduction to the popular investing strategy that can help you gain positive returns, no matter what direction the market takes. Hedge funds use pooled funds to focus on high-risk, high-return investments, often with a focus on shorting―so you can earn profit even when stocks fall. But there’s a whole lot more to it than that. This book teaches you about the diversity of hedge funds, their pros and cons, and their potentially lucrative role as a part of your portfolio. We also give you tips on finding a broker that is right for you and the investment you wish to make. Let Dummies be your investment advisor as you set up a strategy that will deliver results.
- Understand the ins and outs of hedge funds and how they fit in your portfolio
- Choose the funds that make the most sense for your unique situation
- Build a hedge fund strategy based on tested techniques and the latest market data
- Avoid common mistakes and identify solid funds to ensure success
This Dummies guide is for traders and investors looking to learn more about hedge funds and how they can become lucrative investments in a down market.
Cover Title Page Copyright Introduction About This Book Conventions Used in This Book What You’re Not to Read Foolish Assumptions How This Book Is Organized Icons Used in This Book Beyond the Book Where to Go from Here A Final Note Part 1: What Is a Hedge Fund, Anyway? Chapter 1: Hedge Funds: Alternative Assets and Alternative Strategies Defining Hedge Funds Defining Alternative Strategies Introducing Some Basic Concepts Meeting the People in Your Hedge Fund Neighborhood Paying Fees in a Hedge Fund Chapter 2: Not Just a Sleeping Aid: Analyzing SEC Registration Looking at Securities Laws Getting to Know the SEC’s Stance on Hedge Fund Regulation Going Coastal: Avoiding the Registration Debate through Offshore Funds Investing in a Fund without Registration Chapter 3: How to Buy into a Hedge Fund Using Consultants and Brokers Marketing to and for Hedge Fund Managers Investor, Come on Down: Pricing Funds Purchasing Your Stake in the Fund Signing Your Name on the Bottom Line Chapter 4: Using Hedge-Fund Strategies without the Hedge Funds A Diversified Portfolio Is a Hedged Portfolio Exploring Your Expanding Asset Universe Structuring a Hedge-Filled Portfolio Utilizing Margin and Leverage in Your Accounts Hedge Fund Strategies in Mutual Funds and ETFs Chapter 5: Hedging through Research and Asset Selection First Things First: Examining Your Asset Options Kicking the Tires: Fundamental Research How a Hedge Fund Puts Research Findings to Work Part 2: Looking at Alternative Strategies Chapter 6: Calculating Investment Risk and Return Market Efficiency and You, the Hedge Fund Investor Using the Modern (Markowitz) Portfolio Theory (MPT) Discovering How Interest Rates Affect the Investment Climate Investing Irrationally: Behavioral Finance Chapter 7: Buying Low, Selling High: Using Arbitrage in Hedge Funds Putting Arbitrage to Good Use Cracking Open the Arbitrageur’s Toolbox Flipping through the Rolodex of Arbitrage Types Chapter 8: Short-Selling, Leveraging, and Other Equity Strategies Short-Selling versus Leveraging: A Brief Overview Strutting in the Equity Style Show Market Neutrality: Taking the Market out of Hedge Fund Performance Rebalancing a Portfolio Long-Short Funds Making Market Calls Putting the Power of Leverage to Use Chapter 9: Observing How Hedge Funds Profit from the Corporate Life Cycle Examining the Corporate Structure (And How Hedge Funds Enter the Picture) From to Ventures to Vultures: Participating in Corporate Life Cycles Chapter 10: Macro Funds: Looking for Global Trends Fathoming Macroeconomics Taking Special Issues for Macro Funds into Consideration Widening or Narrowing Your Macro Scope Part 3: Determining Whether Alternative Investments Are Right for You Chapter 11: Fitting Alternatives into a Portfolio Assaying Asset Allocations Using Hedge Funds as an Asset Class Viewing a Hedge Fund as an Overlay Mixing and Matching Your Funds Chapter 12: Examining How Hedge Funds Are Structured Exploring the Uneven Relationships between Fund Partners Only Accredited or Qualified Investors Need Apply Following the Cash Flow within a Hedge Fund Fee, Fi, Fo, Cha-Ching! Paying the Fees Associated with Hedge Funds Dealing with the Hedge Fund Manager Seeking Alternatives to Hedge Funds Chapter 13: But Will You Make Money? Evaluating Hedge Fund Performance Measuring a Hedge Fund’s Risk and Return Benchmarks for Evaluating a Fund’s Risk and Return Putting Risk and Return into Context with Academic Measures Serving Yourself with a Reality Check on Hedge Fund Returns Hiring a Reporting Service to Track Hedge Fund Performance Chapter 14: You Want Your Money When? Balancing Time and Liquidity Considering Your Cash Needs Like Dollars through the Hourglass: Determining Your Time Horizon Poring Over Your Principal Needs Handling Liquidity After You Make Your Initial Investment Chapter 15: Taxes, Responsibilities, Transparency, and Other Investment Considerations Taxing You, the Hedge Fund Investor (Hey, It’s Better than Death!) Figuring Out Your Fiduciary Responsibility Transparency in Hedge Funds: Rare but There Considering the Environment, Society, and Governance Part 4: Special Considerations Regarding Hedge Funds Chapter 16: Hooking onto Other Types of Hedge Funds Multi-Strategy Funds: Pursuing a Range of Investment Strategies Funds of Funds: Investing in a Variety of Hedge Funds Hedge Funds by Any Other Name Entering Mutual Funds That Hedge Chapter 17: Hiring a Consultant to Help You with Hedge Funds Who Consultants Work For What Do Consultants Do (Besides Consult)? Hunting for the Hedge Fund Grail: A Qualified Consultant Managing Conflicts of Interest Compensating Consultants for Their Services Hedge Funds Pay the Consultants, Too Chapter 18: Doing Due Diligence on a Hedge Fund Why Do Due Diligence? Becoming Your Own Magnum, I.I.: Investment Investigator What Are You Gonna Do When the Hedge Fund Does Due Diligence on YOU! Knowing the Limits of Due Diligence Part 5: The Part of Tens Chapter 19: Ten (Plus One) Big Myths about Hedge Funds A Hedge Fund Is Like a Mutual Fund with Better Returns Hedge Funds Are Asset Classes That Should Be in Diversified Portfolios Alpha Is Real and Easy to Find A Fund That Identifies an Exotic and Effective Strategy Is Set Forever Hedge Funds Are Risky Hedge Funds Hedge Risk The Hedge Fund Industry Is Secretive and Mysterious The Hedge Fund Industry Loves Exotic Securities Hedge Funds Are Sure-Fire Ways to Make Money Hedge Funds Are Only for the “Big Guys” All Hedge Fund Managers Are Brilliant Chapter 20: Ten Good Reasons to Invest in a Hedge Fund Helping You Reduce Risk Helping You Weather Market Conditions Increasing Your Total Diversification Increasing Your Absolute Return Increasing Returns for Tax-Exempt Investors Helping Smooth Out Returns Giving You Access to Broad Asset Categories Exploiting Market Inefficiencies Quickly Fund Managers Tend to Be the Savviest Investors on the Street Incentives for Hedge Fund Managers Are Aligned with Your Needs Index About the Author Advertisement Page Connect with Dummies End User License Agreement
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