Greg N.Gregoriou is a hedge fund manager.

Readers need a firm understanding of this unique investment vehicle in order to achieve maximum success. Over thirty of the top practitioners and academics in the hedge fund industry come together to provide readers with the latest findings in this field. Their analysis deals with a variety of topics, from new methods of performance evaluation to portfolio allocation and risk/return matters. Although some of the information is technical in nature, an understanding and applicability of the results as well as theoretical developments are stressed. Hedge Funds helps readers make the most of this flexible investment vehicle with in-depth insight and expert advice.

Praise for Hedge Funds is from the back cover.

Another excellent collection of research articles on risk management, performance measurement, portfolio allocation, and other quantitative issues related to hedge funds! It’s a must-read for anyone interested in the world of hedge funds.

The assistant professor of finance is from Georgia State University.

Many questions remain unanswered, but our understanding of the properties of hedge funds as an asset class has improved over the past few years. Hedge fund investment, risk measurement, and performance appraisal are some of the topics covered in this timely collection of important articles. This is a valuable source of cutting-edge thinking.

The Professor of Finance is at the City University of London.

Despite the vilification of hedge funds in the popular press, an increasing number of institutional and wealthy private investors are seeking to bifurcate their alpha and beta. Traditional asset class exposure is being gained through low-cost, passive approaches and capturing a premium to that return through active investment management approaches in less efficient markets like those within the domain of hedge funds. The structural change in the investment management industry is covered in this book.

Alexander M. Ineichen is a Managing Director and author of Absolute Returns.

The hedge fund industry is no longer a cottage industry. This is the first time that a comprehensive overview of the current hedge fund industry has been compiled. Any serious institutional investor or asset manager should read this compendium.

James Hedges is the founder, president, and chief investment officer of LJH Global Investments.

If you want to understand the sources of return and risk associated with hedge funds, this is the book to own. A team of experts in the fields of finance and statistics study hedge funds. Anyone looking to see how individual hedge funds and portfolios of hedge funds generate their returns should read this book.

The Foundation for Managed Derivatives Research is chaired by Richard Oberuc.