false 3432986 1 <p>The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In <i>Hedge Funds</i>, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments.</p><p> Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. He concludes with a case study of quantitative equity strategies in August 2007, and presents a sobering outlook regarding the systemic risks posed by this industry.</p> 3473983 28 4 2008 Hedge Funds: An Analytic Perspective (Advances in Financial Engineering) total:1|3:1| 1 3 9 1 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 3 0 false Mon Jun 01 19:03:53 -0700 2009 Mon Jun 01 19:07:00 -0700 2009
It's primarily a book about:

1) the Sharpe ratio sucks as a measure of portfolios with a lot of tail risk (like put-writing)
2) If you see a hedge fund with a high Sharpe ratio, and can only see summary statistics...more...]]> 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Thu Sep 03 09:12:51 -0700 2009 Thu Sep 03 09:13:02 -0700 2009 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Mon Jun 22 11:17:19 -0700 2009 Mon Jun 22 11:17:19 -0700 2009 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Tue Mar 31 21:59:19 -0700 2009 Tue Mar 31 21:59:19 -0700 2009 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Wed Mar 25 07:35:12 -0700 2009 Tue May 05 10:06:08 -0700 2009 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Sun Feb 08 18:57:27 -0800 2009 Sun Feb 08 19:06:18 -0800 2009 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Sun Nov 02 00:00:00 -0700 2008 Thu Jan 01 21:57:41 -0800 2009 Thu Jan 01 21:58:27 -0800 2009 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Sat Oct 11 07:26:50 -0700 2008 Sat Oct 11 07:26:57 -0700 2008 3432986 0691132941 9780691132945 1 1 3.00 http://www.goodreads.com/book/show/3432986.Hedge_Funds_An_Analytic_Perspective 0 0 false Thu Jul 17 18:30:19 -0700 2008 Tue Nov 18 11:52:17 -0800 2008 http://www.goodreads.com/book_link/follow/8?book_id=3432986