内容简介

Hedge funds can be a valuable part of your portfolio．But without the proper knowledge of how tO analyze the performance and risks of this investment，choosing the right fund or funds for your specific situation can be verv difficult．In Evaluating Hedge Fund Performance,Dr．Vinh Tran will help you overcome these obstacles by focusing on the hidden risks and pitfalls of hedge funds-in their roles 0f providing diversification and downside risk protection-and showing you how tO evalu．ate and select the appropriate hedge funds for a diversified portfolio．
　　Divided into three comprehensive parts、Evalu-ating Hedge Fund Performance takes the standard hedge fund book tO a new level by detailing how tO manage the risks associated with hedge funds and offering the best methods tO evaluate and moni tor them.
　　As a primer on hedge funds，Part 0ne ofthis book discusses the misconceptions about long-term investing and diversification in asset allocation and how hedge funds can fill the void left open by traditional long-only investments-so you can achieve long-term investment objectives with lower volatility．You’ll also receive a comprehensive review of the hedge fund industry,itS inves-tors，and how main hedge fund strategies have performed in past market conditions．
　　Part Two of the book iS devoted entirely tO issues concerning manager research and evaluation，and portfolio construction．Here，you’11 gain a better understanding of the risk/return characteristics of hedge fund strategies in order tO assess their potential role and added value in diversified port-folios of hedge funds．You’1l also discover how tO properly analyze，evaluate，and select individualhedge funds as well as assemble them in ways that will achieve your targeted risks and returns.
　　Rounding out the discussion of hedge funds, Part Three of this important guide will show you how to periodically review, evaluate, and assess the performance of funds in your portfolio, includ-ing their rates of return, volatility of these returns,and how these investment results were produced.The purpose of this part is to make sure your portfolio and its hedge funds continue to perform as expected.
　　Filled with in-depth insight and expert advice,Evaluating Hedge Fund Performance can help you make the most of this flexible investment vehicle.
作者简介：Dr. Vinh Q. Tran is a Senior Vice President in Global Wealth and Investment Management at Bank of America. He has over twenty years of experience in managing fixed income, relative value, global macro, and long/short equity strategies. he has advised institutional investors, funds of hedge funds, and high-net-worth individual investors in hedge fund investing and asset allocation strategies. Dr. Tran has also taught portfolio theory and quantitative methods as an adjunct professor of finance at New York University's Stern School of Business and Fairfield University. Author of Foreign Exchange Management in Multinational Firms, Dr. Tan has a PhD and an MBA in finance from the George Washington University, and a BA in accounting and a BS in political science from the University of Dalat in Vietnam.