Reconsidering Funds of Hedge Funds, 1st Edition

  • Published By:
  • ISBN-10: 0124045944
  • ISBN-13: 9780124045941
  • DDC: 332.64524
  • Grade Level Range: College Freshman - College Senior
  • 592 Pages | eBook
  • Original Copyright 2013 | Published/Released May 2014
  • This publication's content originally published in print form: 2013

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How will the funds of hedge funds (FoHF) business have to change to survive in the wake of the 2008-2012 financial crisis? This new research provides valuable insight. Reconsidering Funds of Hedge Funds presents the first comprehensive views of UCITS as well as recent trends in due diligence, risk management, and hedge fund deaths and survivors. The book contains original chapters by 22 academics and 16 hedge fund professionals, and includes two sections on performance: one that looks at UCITS FoHF and one that deals with traditional FoHF performance. Most chapters examine aspects of the 2008-2012 financial crisis, and almost every chapter addresses fund of hedge funds' management process before, during, and after the crisis.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
1: After the Crisis: The Withering of the Funds of Hedge Funds Business?.
2: Due Diligence and Risk Management.
3: Evaluating Trends in Funds of Hedge Funds Operational Due Diligence.
4: The Limits of UCITS for Funds of Hedge Funds.
5: Due Diligence: Lessons from the Global Financial Crisis for Funds of Hedge Funds with Particular Emphasis on the Asia‒Pacific Region.
6: The Use of Managed Accounts by Funds of Hedge Funds.
7: Choice of Risk Measure in Evaluating UCITS Funds of Hedge Funds.
8: UCITS Performance.
9: UCITS Funds of Hedge Funds - The New Panacea?.
10: The Return Potential of UCITS Funds of Hedge Funds: An Analysis of Their Investment Universe.
11: How Geography, Flows, and Size Affect the Risk-Adjusted Performance of UCITS III Funds of Hedge Funds.
12: Funds of Hedge Funds versus Do-It-Yourself Funds of UCITS.
13: Performance.
14: Predicting Funds of Hedge Funds Attrition Through Performance Diagnostics.
15: Does Funds of Hedge Funds Size Matter? Size versus Performance Before, During, and After the Crisis.
16: Normalized Risk-Adjusted Performance Measures Revisited: The Performance of Funds of Hedge Funds Before and After the Crisis.
17: The Impact of the 2008 Financial Crisis on Funds of Hedge Funds.
18: Forecasting Funds of Hedge Funds Performance: A Markov Regime-Switching Approach.
19: A Panel-Based Quantile Regression Analysis of Funds of Hedge Funds.
20: Fund of Hedge Fund Alpha.
21: Reward-to-Risk Ratios of Funds of Hedge Funds.
22: The Short-Run Performance Persistence in Funds of Hedge Funds.
23: ‘Seeking Alpha’: The Performance of Funds of Hedge Funds.
24: Quantitative Insight into Management of Funds of Hedge Funds and Consequences on Fund Alpha Performance.
25: Selecting Top Funds of Hedge Funds Based on Alpha and Other Performance Measures.
26: Funds of Hedge Funds Strategies and Implications for Asset Management: Is Diversification Enough?.
27: Tail Risk.
28: The Intertemporal Relation between Tail Risk and Funds of Hedge Funds Returns.
29: Tail Risk Protection for Funds of Hedge Funds.
30: Autocorrelation, Bias, and Fat Tails: An Analysis of Funds of Hedge Funds.
31: Crises and Funds of Hedge Funds Tail Risk.
32: Funds of Hedge Funds, Efficient Portfolios, and Investor Clienteles: Empirical Evidence from Growth and Financial Crisis Periods.
33: Regulation.
34: Regulation: Threat or Opportunity for the Funds of Hedge Funds Industry?.
35: Funds of Hedge Funds and the Principles of Fiduciary Investing Following the Global Financial Crisis.
36: Understanding the Regulation Impact: US Funds of Hedge Funds After the Crisis.
37: Canada and Australia: Do They Provide a Regulatory Model for Funds of Hedge Funds?.
38: South African Regulatory Reforms of Funds of Hedge Funds.