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Books : Hedge Funds: An Analytic Perspective (Advances in Financial Engineering)In association with Amazon.comby: Andrew W. Lo  List Price: $45.00 Amazon.com's Price: $36.00 You Save: $9.00 (20%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: HardcoverDewey Decimal Number: 332.64524 EAN: 9780691132945 ISBN: 0691132941 Label: Princeton University Press Manufacturer: Princeton University Press Number Of Items: 1 Number Of Pages: 364 Publication Date: May 18, 2008 Publisher: Princeton University Press Studio: Princeton University Press Sales Rank: 79765 Related Items:
Editorial Review: Product Description: The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. He concludes with a case study of quantitative equity strategies in August 2007, and presents a sobering outlook regarding the systemic risks posed by this industry. Average Rating:
 Rating:  - Not as Interesting As One Would ThinkLet me start by saying that for someone wanting to learn about hedge funds, this book will still give you a decent amount of knowledge and a lot of empirical results. In fairness, the author has done a good amount of research on the subject, but I did not get the sense of a compelling consensus that these results are robust. What this book is good for is to gain an understanding of the databases that provide useful hedge fund information. So if you want to conduct your own empirical studies, yo ... Read More Rating:  - Interesting and informative The recent financial "crisis" has many pointing to hedge funds as being one of the many culprits in bringing about the "freeze-up" in credit, along with ordinary banks and insurance providers. In spite of their being around for many decades, hedge funds still seem mysterious to many, and this has caused many to view them with (unjustified) suspicion. Even financial modelers and analysts who work in areas outside of hedge funds sometimes view them this way. This book is written for the ... Read More Rating: - real analysis on hedge funds - no fluffThis is a thorough analysis of a number of different hedge fund strategies and a preview of the topics likely to be heavily discussed by hedge fund managers, pension plans as they move into the space, consultants advising plans, and fund of funds players. Puts alot of meat on the bones of many issues those in the hedge fund business are currently discussing and grappling with in order to refine their business processes. Very well researched and well written. Good analysis ... Read More Browse for similar items by category:
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