The Wiley Finance

2 primary works • 3 total works

Newcits

by Filippo Stefanini, Silvio Vismara, Michele Meoli, and Tommaso Derossi

Published 17 December 2010

Due to their strong regulatory frameworks, UCITS compliant hedge funds have seen a boom in recent years and are considered by many as the only way out for the hedge fund industry after the crisis. Newcits: Investing in UCITS Compliant Hedge Funds is a one-stop resource for investors who want to get the best out of their UCITS investments. There is a large and increasing range of UCITS compliant funds out there, but despite their tighter regulation and frameworks, investors still need to understand the risks they are undertaking, the structures of the funds and their differences and similarities to mutual funds and hedge funds. The book begins with an assessment of the financial crisis from the perspective of hedge funds and funds of hedge funds. Then it introduces the UCITS framework and shows how these strategies present a valuable and attractive alternative to offshore hedge funds and funds of hedge funds. The regulatory framework is described in depth, as are the different business models used by asset managers. Finally it looks at current hedge fund strategies such as long/short equity or global macro, and at how these can be integrated into the framework.
The book also describes in detail the Newcits industry, discussing the performances, the fee structure, the liquidity and the key theme of "replicability", studying the tracking error volatility of the Newcits funds in comparison with their offshore versions. A discussion of the effectiveness of the regulation and its potential developments concludes the book.

Investment Strategies of Hedge Funds

by Filippo Stefanini

Published 1 January 2006

One of the fastest growing investment sectors ever seen, hedge funds are considered by many to be exotic and inaccessible. This book provides an intensive learning experience, defining hedge funds, explaining hedge fund strategies while offering both qualitative and quantitative tools that investors need to access these types of funds. Topics not usually covered in discussions of hedge funds are included, such as a theoretical discussion of each hedge fund strategy followed by trading examples provided by successful hedge fund managers.

Fund Selection

by Filippo Stefanini

Published 20 November 2017

A detailed framework for selecting the best investment funds

Fund Selection provides essential guidance for fund users needing to chart and navigate courses for governing and overseeing on-shore and off-shore investment funds. Beginning with an in-depth analysis of the existing industry framework, the discussion spans the spectrum from hedge funds to mutual funds and covers all asset classes, with detailed examination of investment strategies and legal investment vehicles. A nuanced look at the differences and similarities in fund selection approach between long-only and hedge fund managers leads into a granular yet practical approach to fund manager selection; while most investors understand what makes a company's stock attractive, the process of selecting the right fund is little understood. This book provides a step-by-step framework for screening, analysing, selecting, monitoring and selling an investment fund to give you a thorough and objective model for obtaining the most appropriate funds for your investments.

Past performance is not necessarily an indicator of future performance, but selecting the right fund manager can play a crucial part in your investment's overall profitability. This book provides solid strategy and real-world metrics that provide comparative data points across institutions and asset managers.

• Gain new perspective on asset and liability management
• Delve deep into expert analysis of some asset classes
• Understand global exposure to different market risks
• Select best-in-class fund managers using a simple framework

This holistic approach to fund manager selection allows you to put together different styles to create a better risk/reward profile, and provides a formal, structured, repeatable process that takes the big picture into account. For a new perspective on fund selection and a new approach to investing, Fund Selection provides expert guidance coupled with real-world strategy.