InhaltsangabePreface. I. Breaking The Black Box. II. What are hedge funds, where did they come from, and where are they going?. III. The individual hedge fund strategies' characteristics. IV. Empirical Return and Risk Properties of Hedge Funds. V. The drivers of hedge fund returns. VI. A first approach to hedge fund replication - Linear Factor Models and time series replication models. VII. The distributional approach. VIII. Bottom up: Extraction of alternative beta and "alternative beta strategies". IX. Hedge fund portfolio management with alternative beta strategies. X. Replication and the Future of Hedge Funds. Bibliography.

Lars Jaegerholds a PhD degree in theoretical physics from the Max-Planck Institute for Physics of Complex Systems, Dresden. He studied physics and philosophy at the University of Bonn, Germany, and Ecole Polytechnique, Paris. After his post-doctorate studies in Dresden, Lars began his finance career as a quantitative researcher on econometric and mathematical modeling of financial markets at Olsen & Associates AG in Zurich. He subsequently joined the Hedge Fund group of Credit Suisse Asset management, where he was responsible for risk management and quantitative strategy analysis. Lars is a founding partner of saisGroup, an investment firm specializing on alternative investment strategies which in 2001 merged with Partners Group, where he is now a partner heading the group "Alternative Beta Strateges". Lars holds the CFA charter and is a certified Financial Risk Manager (FRM). He is the author of numerous research publications and the books "Risk Management of Alternative Investment Strategies", published in 2002 with Financial Times Prentice Hall, "The New Generation of Risk Management for Hedge Funds and Private Equity" (ed.) published by Euromoney in 2003, and "Through the Alpha Smokescreen: A guide to hedge fund return sources", published by Institutional Investors (2005). Lars lives with his wife and three children near Zurich, Switzerland.

Leseprobe

Preface. I. Breaking The Black Box. II. What are hedge funds, where did they come from, and where are they going?. III. The individual hedge fund strategies'' characteristics. IV. Empirical Return and Risk Properties of Hedge Funds. V. The drivers of hedge fund returns. VI. A first approach to hedge fund replication - Linear Factor Models and time series replication models. VII. The distributional approach. VIII. Bottom up: Extraction of alternative beta and "alternative beta strategies". IX. Hedge fund portfolio management with alternative beta strategies. X. Replication and the Future of Hedge Funds. Bibliography.