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If you want to diversify your portfolio and lower your risk
exposure with hedge funds, here's what you should know:
Hedge Funds For Dummies explains all the different types of
funds, explores the pros and cons of funds as an investment, shows
you how to find a good broker, and much more.
Authored by Ann Logue, a financial writer and hedge fund
specialist, this handy, friendly guide covers all the bases for
investors of all levels. Whether you're just building your
first portfolio or you've been investing for years,
you'll find everything you need to know inside:
What a hedge fund is and what it does
How hedge funds are structured
Determining whether a hedge fund is right for your
portfolio
Calculating investment risk and return
Short- and long-term tax issues
Developing a hedge fund investment strategy
Monitoring and profiting on macroeconomic trends
Evaluating fund performance
Evaluating hedge fund management
If you're investing for the future, you definitely want to
minimize your risk and maximize your returns. A balanced portfolio
with hedge funds is one of the best ways to achieve that sort of
balance. This book walks you step by step through the process of
evaluating and choosing funds, incorporating them into your
portfolio in the right amounts, and making sure they give you the
returns you expect and deserve. You'll learn all the ins and
outs of funds, including:
What kind of fees you should expect to pay
Picking a hedge fund advisor or broker
Fulfilling paperwork and purchasing requirements
Performing technical analysis and reading the data
How to withdraw funds and handle the taxes
Tracking fund performance yourself or through reporting
services
Hedge fund strategies for smaller portfolios
Performing due diligence on funds that interest you
This friendly, to-the-point resource includes information you
can't do without, including sample portfolios that show you
how to invest wisely. Hedge funds are an important part of every
balanced portfolio, and this friendly guide tells how to use them
to your best advantage. With important resources, vital
information, and commonsense advice, Hedge Funds For Dummies
is the perfect resource for every investor interested in hedge
funds.
Autorentext
Ann C. Logue, MBA, is a financial writer who has written extensively on investing and hedge funds.
Zusammenfassung
If you want to diversify your portfolio and lower your risk exposure with hedge funds, here's what you should know: Hedge Funds For Dummies explains all the different types of funds, explores the pros and cons of funds as an investment, shows you how to find a good broker, and much more.
Authored by Ann Logue, a financial writer and hedge fund specialist, this handy, friendly guide covers all the bases for investors of all levels. Whether you're just building your first portfolio or you've been investing for years, you'll find everything you need to know inside:
Evaluating hedge fund management
If you're investing for the future, you definitely want to minimize your risk and maximize your returns. A balanced portfolio with hedge funds is one of the best ways to achieve that sort of balance. This book walks you step by step through the process of evaluating and choosing funds, incorporating them into your portfolio in the right amounts, and making sure they give you the returns you expect and deserve. You'll learn all the ins and outs of funds, including:
Inhalt
Introduction 1
Part I: What Is a Hedge Fund, Anyway? 7
Chapter 1: What People Talk About When They Talk About Hedge Funds 9
Defining Hedge Funds (Or Should I Say Explaining Hedge Funds?) 10
Hedging: The heart of the hedge-fund matter 10
Identifying hedge funds: The long explanation 11
Pledging the secret society: Getting hedge fund information 14
Surveying the History of Hedge Funds 15
Alfred Winslow Jones and the first hedge fund 15
1966 to 1972: Moving from hedging to speculating 16
George Soros, Julian Robertson, and hedge-fund infamy 17
The rise and fall of Long-Term Capital Management 17
The Yale Endowment: Paying institutional attention to hedge funds 18
Generating Alpha 19
Introducing Basic Types of Hedge Funds 20
Absolute-return funds 20
Directional funds 21
Meeting the People in Your Hedge Fund Neighborhood 21
Managers: Hedging for you 21
Lawyers: Following the rules 22
Consultants: Studying funds and advising investors 22
Paying Fees in a Hedge Fund 23
Managing management fees 24
Shelling out your percentage of performance fees 24
Chapter 2: Examining How Hedge Funds Are Structured 27
Exploring the Uneven Relationships between Fund Partners 28
General partners: Controlling the fund 28
Limited partners: Investing in the fund 29
Only Accredited or Qualified Investors Need Apply 30
Which kind of investor are you? 30
Why do hedge fund investors need to be qualified or accredited? 32
Do funds really check up on you? 33
Do I have alternatives if I don’t qualify? 33
Following the Cash Flow within a Hedge Fund 34
Substituting commitments for cash 34
Waiting for withdrawals and distributions 35
Fee, Fi, Fo, Cha Ching! Paying the Fees Associated with Hedge Funds 37
Management fees 38
Sales charges 39
Performance fees 39
Redemption fees 41
Commissions 41
Dealing with the Hedge Fund Manager 42
Making time for meetings 42
Communicating with the written word 42
Seeking Alternatives to Hedge Funds 43
Making mutual funds work for you 45
Profiting from pooled accounts 45
Entering individually managed accounts 45
Chapter 3: Not Just a Sleeping Aid: Analyzing SEC Registration 47
Getting to Know the SEC’s Stance on Registration and Regulation 48
Examining the SEC’s past and current policies on registration 49
Meeting investor needs with regulation 53
Realizing that “registered” doesn’t mean “approved” 53
Addressing registration at the state level 54
Going Costal: Avoiding the Registration Debate through Offshore Funds 55
Investing in a Fund without Registration 56
Contracting the manager’s terms 56
Covering yourself with due diligence 57
Chapter 4: How to Buy into a Hedge Fund 59
Using Consultants and Brokers 60
Marketing to and for Hedge Fund Managers 61
Investor, Come on Down: Pricing Funds 62
Calculating net asset value 63
Valuing illiquid securities 66
…