Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge - Couverture souple

Horwitz, Richard

Couverture souple

ISBN 10 : 1576602575 ISBN 13 : 9781576602577

Editeur : Bloomberg Press, 2007

Synopsis

sur le marché des hedge funds en constante évolution, rien n'est plus central — mais à bien des égards plus insaisissable — que le risque . pourtant, il n' y a pas de norme pour analyser et mesurer les risques dans ce domaine hautement secret et largement non réglementé, laissant les milliers de hedge funds et les dizaines de milliers d'investisseurs de hedge funds dans un environnement dangereusement faible. l'industrie n'a pas résolu le défi de la transparence consistant à communiquer les risques aux investisseurs sans divulguer des informations exclusives.

Les principes fondamentaux du risque des hedge funds mettent en évidence ces problèmes de manière claire et concise, car l'auteur, Richard Horwitz, présente les éléments clés et les processus de pointe dans le domaine de la gestion des risques des hedge funds. Ce livre présente une ressource révolutionnaire destinée à établir la norme en matière de transparence dans la gestion des risques dans l'univers des hedge funds.

A propos du livre

Présentation de l'éditeur

In the constantly evolving hedge fund marketplace, nothing is more central––but in many ways, more amorphous and elusive––than risk. Yet there remains no standard for analyzing and measuring risk within this highly secretive, largely unregulated field, leaving the thousands of hedge funds––and the tens of thousands of hedge fund investors––in dangerously dim light. The industry has not solved the "transparency" challenge––communicating risk to investors without disclosing proprietary information.

Hedge Fund Risk Fundamentals is the first book to bring these issues to the forefront. With clarity, concision, and minimal math, Richard Horwitz lays out the key components and the cutting–edge processes in the field of hedge fund risk management today. Against that backdrop, he presents a groundbreaking utility destined to set the standard for transparency and risk management within the hedge fund universe.

You ll learn why, when it comes to risk management, 1 + 1 = 1.41. For all of those perplexed by the difficulties of assessing risk in hedge fund investing, Horwitz s concepts make for an invaluable road map and a demystifying resource that hedge funds and investors at all levels will find indispensable.

Biographie de l'auteur

Richard Horwitz is managing director of manager assessment and risk management of Merrill Lynch′s Hedge Fund Development and Management Group (HFDMG). He has implemented Risk Fundamentals, a proprietary risk transparency and management system. The system is risk factor based, permitting underlying funds to provide structural risk transparency without requiring position disclosure and for this transparency to be used to provide a fundamental understanding of each underlying fund and to construct risk–efficient portfolios of funds. Previously, Horwitz was senior vice president and director of risk management and investment analytics at Kenmar Global Investment Management Inc., a $2 billion fund of funds. He gained his fundamental knowledge of hedge funds as a principal at Capital Market Risk Advisors, Inc., the boutique risk management consulting firm. Horwitz had previously been a buy–side senior equity analyst at Sanford C. Bernstein & Co. and a consultant in financial services at Booz Allen Hamilton Inc. He earned an MS in management (Sloan School) and a BS in electrical engineering from the Massachusetts Institute of Technology. Horwitz has also written numerous articles on hedge funds.

Détails de l'édition

• Éditeur: Bloomberg Press
• Date d'édition: 2007
• Langue: anglais
• ISBN 10: 1576602575
• ISBN 13: 9781576602577
• Reliure: Broché
• Numéro d'édition: 1
• Nombre de pages: 312
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible