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Sep 14, London
Oct 13, Zurich
Feb 9, London
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HEDGE FUNDS OVERVIEW
Objective
To provide a good overview of Hedge Funds assuming no prior knowledge.
CONTENT
Introduction
- Hedge Funds defined. Lock-ups, Gates, Hurdle Rates, Side Pockets
- The pursuit of Absolute Return & Performance Fees.
- How large is the Hedge Funds Universe? The numbers in context
- Where are they? Domicile, Onshore vs Offshore
- Asset Class performance or Manager value-added? The search for Alpha
Hedge Funds Tactics, Counter-Parties and Competition
- Tactics - Leverage & Short Selling. Regulatory intervention & increased transparency.
- Where is the competition? The reaction from the traditional Fund Managers
- UCITS III - Hedge Funds 'lite'
- External Relationships - Prime Brokerage, Custodians, Fund Administrators
Issues for Hedge Fund Investors
- Rationale for Hedge Funds in an Investors' Portfolio. Is it still there?
- The non-correlated Asset Class, Survivorship Bias, Drawdown
- The changing Investor base - Institutions are now the target market
- Leverage, Risk and Transparency
- Risk-adjusted performance measurement
- Institutionalisation of Hedge Funds, Index Providers - Benchmark Risk
Risk Management for Hedge Funds
- Market, leverage and Credit risk
- Political and legal risk
- Gap and liquidity risk, Mark-to-market risk
- Why do Hedge Funds fail? Do not forget Operational risk
- Tools for the Analysis of Financial Risk : From VaR to Stress Testing
- The Regulator's standpoint
 See below for more
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