- Hardcover: 304 pages
- Publisher: John Wiley & Sons (27 Sep 2004)
- Language English
- ISBN-10: 1576601633
- ISBN-13: 978-1576601631
- Product Dimensions: 23.6 x 19.6 x 2.8 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
- Amazon Bestsellers Rank: 889,198 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Review
"Hedge Fund Risk Fundamentals contains an abundance of helpful information for investors who want to understand the intricacies and risk dynamics of hedge funds. The book is written with commendable clarity and provides a valuable glimpse into the workings of a rapidly growing investment vehicle." (Financial Analysts Journal)
Review
"A wonderfully written book on a topic that has vexed investors and professionals alike––balancing the need to know against the desire to provide information. In a thorough and comprehensive manner, Richard Horwitz takes the reader on an explanatory journey through the risks associated with hedge fund investing. His insight and experience give him the perspective needed to articulate the challenges faced by this industry, as well as offering a sound solution that I believe couldn′t come soon enough."
—Andrew A Kandiew
Managing Director, Risk Management
Commonfund
—Andrew A Kandiew
Managing Director, Risk Management
Commonfund
"Richard Horwitz has produced a work of exceptional practical value. This book deals head–on with the challenges of hedge fund investing by providing intelligent, well–informed, and uniquely accessible advice. Most usefully, he provides a benchmark for hedge fund investors to evaluate their own investment processes."
—Andrew B. Weisman
Director of Risk Management and Research, Strativarius Capital Management, LP
"Required reading for anyone who wishes to understand the fine points of hedge fund risk measurement."
—Steve McMenamin
Chairman, Greenwich Roundtable
"Not overly technical, this book is not only a must–read for neophytes and the newly indoctrinated to risk on derivatives but also a great refocuser for risk professionals!"
—Robert M. Aaron
Chairman and CEO, Derivatives Portfolio Management, LLC
Member of the Board, Managed Funds Association
"A comprehensive, eye–opening account on risk management which should be read by investors and managers alike."
—Lois Peltz
President and CEO, Infovest21
"This book offers an excellent review of the complex topic of hedge fund risk management. Furthermore, it provides an innovative and pragmatic solution to the key transparency issue."
—Pierre Jette, MBA, CFA
Associate Vice President, Equity Markets, CDP Capital
"Richard Horwitz provides a invigoratingly fresh and engaging perspective on hedge funds, risk management and investing principles. Practitioners all too often forget the basic principles of quantitative risk management, and thus obscure rather than illuminate the trade off between risk and reward. This book eloquently bridges the divide between the ′theory′ and the ′practice′ of investing in hedge funds."
—Adil Abdulali
Director of Risk Management, Protégé Partners
Inside This Book
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First Sentence
Volatility is the primary component of risk. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Volatility is the primary component of risk. Read the first page
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Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
4 of 4 people found the following review helpful:
5.0 out of 5 stars
Highly Recommended!,
By
This review is from: Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge (Bloomberg Financial) (Hardcover)
Hedge funds are complex, risky investment vehicles. Other funds, such as most equity mutual funds, have straightforward investment strategies. By contrast, equity-oriented hedge funds may engage in various trading practices and investment strategies. They may be short funds, long-short funds or market neutral funds. And equity-oriented hedge funds are only a small sliver of the hedge fund universe. Thus, assessing the risk of hedge funds is a challenge. In language intelligible to most lay readers, author Richard Horwitz lays out the issues to consider when evaluating hedge fund risks. He has accomplished a great deal merely by writing this in readable prose, instead of in equations. He also explains his company's hedge fund risk measurement system. We believe every hedge fund manager and anyone who even thinks of investing in a hedge fund should read this book.
Share your thoughts with other customers: Create your own review
Most Helpful Customer Reviews on Amazon.com (beta) Amazon.com:
3.5 out of 5 stars (4 customer reviews) 4 of 6 people found the following review helpful:
5.0 out of 5 stars
Highly Recommended!,
By Rolf Dobelli "getAbstract" - Published on Amazon.com
This review is from: Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge (Bloomberg Financial) (Hardcover)
Hedge funds are complex, risky investment vehicles. Other funds, such as most equity mutual funds, have straightforward investment strategies. By contrast, equity-oriented hedge funds may engage in various trading practices and investment strategies. They may be short funds, long-short funds or market neutral funds. And equity-oriented hedge funds are only a small sliver of the hedge fund universe. Thus, assessing the risk of hedge funds is a challenge. In language intelligible to most lay readers, author Richard Horwitz lays out the issues to consider when evaluating hedge fund risks. He has accomplished a great deal merely by writing this in readable prose, instead of in equations. He also explains his company's hedge fund risk measurement system. We believe every hedge fund manager and anyone who even thinks of investing in a hedge fund should read this book.
4 of 6 people found the following review helpful:
5.0 out of 5 stars
A new look at hedge funds and risk,
By Daniel Lim - Published on Amazon.com
This review is from: Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge (Bloomberg Financial) (Hardcover)
With the increasing universe of alternative investments, comes a more difficult and complicated task of selection for many sophisticated investors. From quantitative analysis to qualitative assessment, this book covers a full spectrum of topics. It offers an interesting perspective and methodology in breaking down risks associated with investing in these highly complex and opaque strategies. Where transparency has always been an issue, it's like a breath of fresh air to finally find a method that satisfies both the disclosure-hungry investor, and the secretive hedge fund. The platform offers a unique way of bucketing and aggregating risks into logical styles and factors, which ultimately strips away the need for full position-level transparency. The comprehensive and flexible system allows investors to take advantage of useful tools and measurements that will aid them in better assessing risks and managing their portfolios. Finally, a book written for the risk gurus of the hedge fund world.
3.0 out of 5 stars
Insightful,
By HeavensKrow - Published on Amazon.com
This review is from: Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge (Bloomberg Financial) (Paperback)
Shows the reader how some hedge funds look and measure risk. A lot of finance lingo and very complicated material.. If you want a view of how some hedge fund guys look at their portfolio....I would pick this book up...However if you are wanting to pick up a book that's easily under-stable I would stay away. Overall a very interesting book for anyone serious about starting up a hedge fund...However be ready to spend a good time figuring out some formulas for those math deficient.
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