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  • 1
    UID:
    gbv_1831650916
    ISBN: 9780444594068
    Content: This chapter begins with a brief history of hedge funds from the perspective of hedge fund investors—exploring the attributes that attracted private, wealthy investors to an opaque, nascent hedge fund industry during the decades leading up to new millennium. Following the chronology of several important market events, the first two sections traces the performance of hedge funds from these early days of the industry to the recent decade during which institutional investor emerged as the dominant investor group—a phenomenon that began shortly after the burst of the dot-com bubble and survives to this date. The arrival of institutional investors did much to encourage more transparency on the way hedge funds operate and spurred the development of performance benchmarks and databases. Using these benchmarks of hedge funds section two assesses the risk-adjusted performance of hedge funds during these decades of changing investor clientele. An important attraction of the hedge fund industry to portfolio investors is the rich tapestry of strategies with widely divergent risk-return characteristics. Section 3 is devoted to models of different categories of hedge fund strategies and highlights the drivers of performance as well as their inherent risk factors. Armed with these analytical tools and the empirical evidence on the capital formation process since the turn of the century, section 4 begins by tackling the problem of portfolio construction. The section continues with a reminder on the impact of leverage inherent in most hedge fund strategies and argues that risk management must take into account both dimensions of risk—those that emanates from holding risky assets as well as attendant risk of funding leveraged positions. The chapter concludes with discussions the impact of hedge fund research on product innovations, risk management of leverage hedge fund products and performance evaluation.
    In: Handbook of the economics of finance ; Vol. 2,B: Financial markets and asset pricing, Amsterdam : North-Holland, Elsevier, 2013, (2013), Seite 1063-1125, 9780444594068
    In: year:2013
    In: pages:1063-1125
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    UID:
    b3kat_BV023561431
    Format: 28, [1] S. , graph. Darst. , 22 cm
    Series Statement: Discussion paper series / Centre for Economic Policy Research 5565 : Financial economics
    Additional Edition: Erscheint auch als Online-Ausgabe
    Language: English
    Subjects: Economics
    RVK:
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  • 3
    Book
    Book
    Manchester :Univ., Inst. of Science and Technology, Dep. of Management Sciences,
    UID:
    almafu_BV042908100
    Format: 18 S.
    Series Statement: Department of Management Sciences, University of Manchester, Institute of Science and Technology. Occasional Paper 8103
    Language: English
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  • 4
    UID:
    gbv_560274572
    Format: XXI, 240 S. , graph. Darst. , 24 cm
    Edition: 1. print.
    ISBN: 0132332906 , 9780132332903
    Note: Includes bibliographical references (p. 219-224) and index , The orchestration imperative -- Pt. I. Focus : firm and network. Orchestrate the network ; Compete network against network -- Pt. II. Management : control and empowerment. Take responsibility for the whole chain (whether you own it or not) ; Empower "little John Waynes" to create a big-small company ; Establish the three-year stretch to balance stability and renewal ; Build the company around the customer ; Follow the 30/70 rule to create loose-tight organizations -- Pt. III. Value creation : specialization and integration. Capture the "soft $3" by looking beyond the factory ; Sell to the source by bridging marketing and operations -- Pt. IV. Implications for policy and practice. Policy : building a borderless business in a world of nation-states ; Practice : a lever to move the world ; Conclusion : are you ready to compete flat out?
    Language: English
    Keywords: Globalisierung ; Management ; Wettbewerb
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  • 5
    UID:
    b3kat_BV042047069
    Format: XXI, 240 S. , Ill., graph. Darst.
    ISBN: 9780132618182
    Language: English
    Subjects: Economics
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  • 6
    Book
    Book
    Upper Saddler River, NJ :Wharton School Publ.,
    UID:
    almahu_BV025496653
    Format: XXI, 240 S. : , Ill., graph. Darst.
    Edition: 1. print.
    ISBN: 978-0-13-233290-3 , 0-13-233290-6
    Language: English
    Subjects: Economics
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