The Complete Guide to Hedge Funds and Hedge Fund Strategies

1. Front Matter

   Pages i-xxxvi

   PDF

2. What Is a Hedge Fund?

   • Daniel Capocci

   Pages 1-54

3. Hedge Fund Characteristics

   • Daniel Capocci

   Pages 55-134

4. Investment Strategies

   • Daniel Capocci

   Pages 135-381

5. Hedge Fund Performance Over Time

   • Daniel Capocci

   Pages 382-455

6. Hedge Funds, LTCM and Recent Crises

   • Daniel Capocci

   Pages 456-486

7. Hedge Funds, Regulation and Mutual Funds

   • Daniel Capocci

   Pages 487-528

8. Conclusion

   • Daniel Capocci

   Pages 529-531

9. Back Matter

   Pages 532-557

   PDF

One-stop-guide to the hedge fund industry, investment and trading strategies adopted by hedge funds and the industry's regulation. For anyone with an interest in investing or managing funds, it presents everything practitioners need to know to understand these investment vehicles from their theoretical underpinnings, to how they work in practice.

• hedge fund
• Investment
• Mutual Funds
• investments and securities

'Hedge funds and the hedge fund industry are by definition at the leading edge of developments in the asset management sector and constantly evolving. Investors require a fundamental understanding of strategies and market structure. Capocci's book brings a timely and useful update to previous publications as well as a deep insight into the quantitative approach necessary to implement hedge fund investments.'

- Florence Lombard, CEO, Chartered Alternative Investment Analyst Association

'Daniel has produced an exhaustive study of the hedge fund industry. He covers structure, evolution, performance, personality and regulation amongst key topics. Hedge funds are here to stay, even if they evolve in structure. Given that, this book is an essential resource for all those seeking to invest in or understand this highly diverse asset class. Daniel's perspective is unique having worked in the industry and seen it first hand but also having gone away to think deeply and research the industry further with his doctorate.'

- Ian Mukherjee, founder and Chief Investment Officer, Amiya Capital

'This book is an admirable reference point for anyone interested in a comprehensive treatment of hedge fund strategies and performance, particularly for those funds domiciled outside the United States.'

- Stephen Brown, David S. Loeb Professor of Finance, New York University - Stern School of Business

'A timely reference guide for the industry asit moves onto a more mature footing. An essential resource for practitioners and students of the hedge fund industry.'

- Tom Kehoe, Alternative Investment Management Association (AIMA)

'This is an excellent 'go to' text for answers to many key questions on the hedge fund industry - answers that are presented with a fine balance between rigorous analysis and intuitive, practical examples.'

- William Fung, Visiting research Professor of Finance, London Business School, Vice chairman, CFA Research Foundation

Daniel Capocci is Senior Investment Manager at Architas Multi-Manager, a member of the Global AXA Group and has been analysing the hedge fund industry for 15 years firstly as an academic and secondly as a hedge fund investor. On the academic side, Daniel has published research in globally-recognized professional and academic journals, including the Journal of Empirical Finance, the European Journal of Finance and the International Journal of Financial Economics and he has presented at numerous academic and professional conferences. On the investment side, he has spent the bulk of his career analysing individual hedge funds and managing hedge fund portfolios, first investing in offshore funds and more recently focussing his research on alternative UCITS. Daniel published his first book on the topic 'Introduction to Hedge Funds' in 2004 and has contributed to nine other books related to the subject over the years. He holds a PhD from HEC Management School of the University of Liège in Belgium, which focused on the 'Analysis of Hedge Fund Strategies'. He is Chartered Alternative Investment Analyst (CAIA) holder since 2006 and CAIA Chapter Executive. Daniel is Research Associate with the HEC School of Management at the University of Liège in Belgium and with the EDHEC Risk and Asset Management Centre.

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