Hedge Funds: Myths and Limits

Introduction

Part One Hedge Fund Overview

The Basics Revisited.

Legal Environment and Structures.

Operational and Organizational Structures.

Part Two Hedge Fund Strategies

Introduction to Strategies.

The Tools used by Hedge Funds.

Long/Short Strategies.

Arbitrage and Relative Value Strategies.

Event-Driven Strategies.

Directional Strategies.

Hedge Fund Indices.

Hedge Fund Performance: Beyond Net Asset Values.

Part Three Hedge Fund Investing

Introduction.

Asset Allocation

Hedge Fund Selection

Funds of Funds: The Quest for Meta-diversification.

Capital Guaranteed Products.

Advanced Topics: inside the black box

Conclusions.

Appendix: The Statistics of Hedge Funds.

Useful Sources of Information.