Funds of Hedge Funds Performance, Assessment, Diversification And Statistical Properties

Business/Finance Funds of Hedge Funds Performance, Assessment, Diversification and Statistical Properties Greg N. Gregoriou According to TASS Tremont, the fraction of hedge funds that are funds of funds has doubled over the past five years, to 28 percent of all hedge funds as of September 2005. Attention must be paid. Academics have only just recently started to become interested in this business. This book of readings is one the first published collections of original scholarly papers on this subject. It is of great interest to many academics as well as of course to the many practitioners who are in the business today or who would very much like to enter the fund of funds business. Stephen J. Brown, David Loeb Professor of Finance, NYU Stern School of Business Want to learn all about hedge funds and funds of hedge funds and sift out the truth from the misconceptions? Then read this comprehensive assessment of the field. It goes from A to Z in coverage and together all the papers provide a good course in this fast growing and controversial subject. William T. Ziemba, Alumni Professor of Financial Modeling and Stochastic Optimization (Emeritus), Sauder School of Business, University of British Columbia The international demand for hedge funds from institutional investors is gaining more and more momentum. As most of this growth can be attributed to funds of hedge funds, this excellent new book couldnt be more timely. Again, Gregoriou has done an outstanding job of gathering contributions of great academic and practical use from some of the leading authorities in this area often considered as opaque. Funds of Hedge Funds is the definitive source of information for industry professionals, institutional investors and academics alike. A more comprehensive analysis of the performance, application and risk management of fund of hedge funds is hard to come by. Dieter G. Kaiser, Institutional Research, Benchmark Alternative Strategies GmbH With about $450 billion in assets, funds of hedge funds are the most recent darling of investors. While hedge funds are designed for the very rich and for large institutional investors such as exchanges and pension funds, and carry high risk for the promise of high returns, funds of hedge funds spread investment among a number of hedge funds and theoretically reduce risk and increase diversification, while maintaining the potential for higher than average returns. As this is a new and extremely fast-moving financial phenomenon, academic research has just begun in earnest. Funds of Hedge Funds is the first book to present rigorous academic research by some of the leading lights in academic finance, carefully analyzing the broad array of issues involved in funds of hedge funds. Greg N. Gregoriou is Associate Professor of Finance and coordinator of faculty research in the School of Business and Economics at State University of New York (Plattsburgh).Gregoriou, Greg N. is the author of 'Funds of Hedge Funds Performance, Assessment, Diversification And Statistical Properties', published 2006 under ISBN 9780750679848 and ISBN 0750679840.