Absolute Returns The Risk and Opportunities of Hedge Fund Investing

"Theworldofinvestingfloatsonavastseaofwords,mostofwhichareobvious,simple-minded,andclichA(c)s,andallofthosearedangeroustofinancialhealth.Thestoryinthisbookbearsnorelationtoallthatstuff.Ineichen'smessageisoriginal,powerful,comprehensive,andessentialtorobustfinancialhealth.Theliteraryclarityheblendswithhisfinancialwisdomisanadditionalblessing."-PeterL.Bernstein,President,PeterL.Bernstein,Inc.,authorofAgainsttheGodsandThePowerofGold"Noonecanaffordtoriskmoneyinhedgefundswithoutreadingthiscomprehensiveguide.Thedetailsareilluminating,presentationcaptivating,analysisbrilliantandlessonsprofound.Awonderfulcontributiontothehedgefundliterature."-Prof.NarayanY.Naik,Director,CentreforHedgeFundResearchandEducation,LondonBusinessSchool"Agoodunderstandingoftheworkingofthehedgefundmarketandhedgefundstrategiesisimportantforeveryactiveinvestor.Ineichen'sbookdoesanexcellentjobtyingtogetherhistorical,empirical,andtheoreticalanalysisinawayreadilyaccessibletopractitioners.Amorecomprehensiveexaminationofthehedgefundmarketandhedgefundstrategieswouldbehardtofind."-HansdeRuiter,ABPInvestments,SeniorPortfolioManagerQuantitativeEquityStrategies"Hedgefundsarenotmainstreamandthisbookisnotmainstreameither.Theauthorchallengestraditionalinvestmentparadigmsandthewayinvestorsthinkaboutrisk.Anexcitingreadandamustforeveryprofessionalinvestor."-Dr.BurkhardPoschadel,ChiefExecutiveOfficer,GAM"Writtenfortheprofessionalinvestor,AlexanderIneichen'sbookprovidesacomprehensive,in-depthanalysisofalternativeinvestmentstrategies.Combiningthelatestresearchwithhisowninsights,Ineichenhasproducedthedefinitivestudyofhedgefundsandfundsofhedgefunds."-RichardElden,Chairman,GrosvenorCapitalManagement,L.P."AlexanderIneichen'sin-depthresearchfindingsandanalyticalinsightarebroughttogetherinthisbookwhichischock-fullofusefulstatisticsonhedgefundstrategies.Definitions,examples,return/riskparameters,andkeyriskfactorsareprovidedforeachstrategy.Thiscomprehensivebookisanecessityforeveryhedgefundinvestor."-LoisPeltz,President,Infovest21