Market Risk Management For Hedge Funds

Author : Francois Duc,Yann Schorderet
Publisher : John Wiley & Sons
Page : 262 pages
File Size : 44,6 Mb
Release : 2010-04-01
Category : Business & Economics
ISBN : 9780470740798

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Market Risk Management for Hedge Funds by Francois Duc,Yann Schorderet Pdf

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.

Author : Yann Schorderet
Publisher : Unknown
Page : 128 pages
File Size : 48,6 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:733730074

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Market Risk Management for Hedge Funds by Yann Schorderet Pdf

Author : David P. Belmont
Publisher : John Wiley & Sons
Page : 400 pages
File Size : 46,7 Mb
Release : 2011-08-17
Category : Business & Economics
ISBN : 9780470827291

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Managing Hedge Fund Risk and Financing by David P. Belmont Pdf

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.

Author : Greg N. Gregoriou,Vassilios N. Karavas,Fabrice Rouah
Publisher : Beard Books
Page : 385 pages
File Size : 42,9 Mb
Release : 2003
Category : Business & Economics
ISBN : 9781587982033

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Hedge Funds by Greg N. Gregoriou,Vassilios N. Karavas,Fabrice Rouah Pdf

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

Author : Richard Horwitz
Publisher : John Wiley & Sons
Page : 310 pages
File Size : 47,9 Mb
Release : 2007-07-01
Category : Business & Economics
ISBN : 1576602575

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Hedge Fund Risk Fundamentals by Richard Horwitz Pdf

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.

Author : Armelle Guizot
Publisher : John Wiley & Sons
Page : 466 pages
File Size : 48,7 Mb
Release : 2006-10-25
Category : Business & Economics
ISBN : 9780470086049

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The Hedge Fund Compliance and Risk Management Guide by Armelle Guizot Pdf

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.

Author : Keith H. Black
Publisher : McGraw Hill Professional
Page : 360 pages
File Size : 48,8 Mb
Release : 2004-06-25
Category : Business & Economics
ISBN : 007143481X

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Managing a Hedge Fund by Keith H. Black Pdf

Hedge funds now account for 25 percent of all NYSE trading volume and are one of the fastest growing sectors in today’s financial industry. Managing a Hedge Fund examines every significant issue facing a hedge fund manager, from management of numerous types of risk to due diligence requirements, use of arbitrage and other exotic activities, and more. Broad-based where most hedge fund books are narrowly focused, it provides current and potential managers with a concise but comprehensive treatment on managing—and maximizing—a hedge fund in today’s fiercely competitive investing arena.

Author : Stuart A. McCrary
Publisher : John Wiley & Sons
Page : 396 pages
File Size : 40,9 Mb
Release : 2002-08-19
Category : Business & Economics
ISBN : 047122488X

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How to Create and Manage a Hedge Fund by Stuart A. McCrary Pdf

Includes trading examples that illustrate points about risk management and leverage. Presents all the practical knowledge necessary to run a leveraged investment company. Non-technical explanations brings an element of transparency to a part of the investment world often thought of as difficult to understand.

Author : Davis Edwards
Publisher : John Wiley & Sons
Page : 323 pages
File Size : 51,6 Mb
Release : 2014-06-30
Category : Business & Economics
ISBN : 9781118768587

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Risk Management in Trading by Davis Edwards Pdf

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.

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises
Publisher : Unknown
Page : 152 pages
File Size : 50,8 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105062559716

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The Operations of Hedge Funds and Their Role in the Financial System by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises Pdf

Author : Sam Kirschner,Eldon C. Mayer,Lee Kessler
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 46,8 Mb
Release : 2006-11-17
Category : Business & Economics
ISBN : 9780470048542

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The Investor's Guide to Hedge Funds by Sam Kirschner,Eldon C. Mayer,Lee Kessler Pdf

"Eldon Mayer is a battle-tested pro. You should listen to what he and his partner, Sam Kirschner, have to say." --Barton M. Biggs, Managing Partner, Traxis Partners Meet the crème de la crème of the new breed of hedge fund managers, learn how they evaluate world financial markets, hear about their winners and losers, and discover how they apply proprietary strategies to stay ahead of the curve. Through broad-scope interviews with 15 highly successful managers, The Investor's Guide to Hedge Funds provides unparalleled insight into each major hedge fund strategy, its strengths, weaknesses, and performance characteristics. Most importantly, this book shows that despite the sensational headlines, adding hedge funds to a portfolio of stocks and bonds can reduce risk and improve overall performance.

Author : Didier Sornette,Sergey Ivliev,Hilary Woodard
Publisher : Springer Science & Business Media
Page : 268 pages
File Size : 52,5 Mb
Release : 2012-02-03
Category : Business & Economics
ISBN : 9783642279317

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Market Risk and Financial Markets Modeling by Didier Sornette,Sergey Ivliev,Hilary Woodard Pdf

The current financial crisis has revealed serious flaws in models, measures and, potentially, theories, that failed to provide forward-looking expectations for upcoming losses originated from market risks. The Proceedings of the Perm Winter School 2011 propose insights on many key issues and advances in financial markets modeling and risk measurement aiming to bridge the gap. The key addressed topics include: hierarchical and ultrametric models of financial crashes, dynamic hedging, arbitrage free modeling the term structure of interest rates, agent based modeling of order flow, asset pricing in a fractional market, hedge funds performance and many more.

Author : Kenneth L. Grant
Publisher : John Wiley & Sons
Page : 277 pages
File Size : 46,8 Mb
Release : 2011-01-19
Category : Business & Economics
ISBN : 9781118045824

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Trading Risk by Kenneth L. Grant Pdf

Revolutionary techniques that traders can implement to improve profits and avoid losses No trader, professional or individual, can afford not to have a solid risk management program integrated into his or her trading system. But finding a precise mathematical model to replace subjective decision-making processes is a challenge. Traditionally, risk management has focused solely on loss avoidance, but in Trading Risk, hedge fund risk manager Kenneth Grant presents some-thing completely new—how to manage a portfolio to minimize risk and increase profits by putting more capital at risk. Trading Risk details a risk management program that can help both money managers and individual traders evaluate which elements in a portfolio are working efficiently and which aren’t. By illustrating an extremely simple set of statistical and arithmetic tools this book can help readers enhance their performance in many financial markets. Kenneth L.Grant is Cheyne’s Global Risk Manager, and is the Managing Member for Cheyne Capital, LLC, the firm’s U.S. arm. Mr. Grant is a pioneer in the field of hedge fund risk management and capital allocation. Before joining Cheyne, he created risk control programs at two of the world’s leading hedge funds, Tudor Investments and SAC Capital, where he was eventually promoted to the title of Chief Investment Strategist. Mr. Grant holds a Bachelor of Science in Economics and Mathematics from the University of Wisconsin, an MA in Economics from Columbia University, and an MBA from the University of Chicago Graduate School of Business.

Author : Harold Kent Baker,Greg Filbeck
Publisher : Oxford University Press
Page : 697 pages
File Size : 41,8 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780190607371

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Hedge Funds by Harold Kent Baker,Greg Filbeck Pdf

Hedge Funds: Structure, Strategies, and Performance spans the gamut from theoretical to practical coverage of an intriguing but often complex subject and provides insights into the field from leading experts around the world.

Author : H. Kent Baker,Greg Filbeck
Publisher : Financial Markets and Investme
Page : 709 pages
File Size : 53,5 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780199331963

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Investment Risk Management by H. Kent Baker,Greg Filbeck Pdf

All investments carry with them some degree of risk. In the financial world, individuals, professional money managers, financial institutions and many others encounter and must deal with risk. The main purpose of 'Investment Risk Management' is to provide an overview of developments in risk management and a synthesis of research involving the latest developments in the field--