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Absolute Returns: The Risk and Opportunities of Hedge Fund Investing
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Binding: Hardcover
Dewey Decimal Number: 332.645
EAN: 9780471251200
Edition: 1
ISBN: 0471251208
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 514
Publication Date: October 18, 2002
Publisher: Wiley
Studio: Wiley
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Editorial Review:
A practical guide to strategies of hedge fund investing.
Hedge fund expert Alexander Ineichen outlines strategies that hedge fund managers use to achieve superior investment performance, particularly in bear markets, when traditional investment strategies do not perform so well, and shows readers how hedge funds might be added to traditional investment portfolios to achieve superior returns. Nontechnical yet sophisticated, Absolute Returns shows investors how to make educated decisions about hedge fund investment--thoroughly explaining the risks as well as the rewards.
Customer Reviews
Average Rating: 
Rating: - Solid but Polemical
The author presents a wideranging and at times very detailed discussion of hedgefunds. The writing style can be rather rambling with sayings of famous investment managers inserted at random and many sarcastic asides in footnotes. The work is rather polemical, trying to convince the reader that they should invest in hedge funds. The author emphasizes all the statistics which point to hedge funds having high returns and low risks and tries to explain away information which points to some high risks ... Read More
Rating:  - Introduction to hedgefunds
The book opens with an overview of hedge funds. He classifies hedge funds according to the strategies they employ: relative value, event driven, macro, etc. Not only does he explain the trading strategies, but he delves into what can go wrong. In general theres more discussions on equity related strategies, and less in interest rates. Theres lots of historical data/information on hedgefunds performance ,indicating the very poor performance (and high total risk) of traditional funds.
This book ... Read More
Rating:  - Highly Recommended!
Hedge funds burst into the headlines in the early 1990s, when George Soros became a household name - at least in Europe, where many people blamed him and his hedge fund for wrecking the European exchange rate mechanism. Similarly, a U.S. hedge fund called Long Term Capital Management (LTCM) began with an aura of investing invincibility, only to fail dramatically. Hedge fund investing is sometimes, but not always, high risk and high return. Once limited to a privileged elite group of investors, hedge ... Read More
Rating:  - Dances Around the Topic
This book rambles on about the hedge fund industry. It gives a lot of definitions and statistics, but ultimately falls down. When you buy a hedge fund, you never really know what you are getting.
Rating: - A Lesson from the Titanic
The iceberg on the cover represents total risk-partly visible and partly not. Ineichen's point is that hedge fund or absolute return managers tackle total risk while their traditional mutual fund counterparts worry about only one part of it, namely the risk of straying from their benchmark. His extensive discussion contains worthy lessons for all investors who want to understand risk. While not every chapter may be useful for every reader, this book is an excellent place to learn about alternative investment ... Read More
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