Guide to Hedge Funds by Philip Coggan

Author:Philip Coggan
Language: eng
Format: epub, pdf
Publisher: PublicAffairs

How funds pick managers

Analysing hedge funds is a sophisticated process. One approach is to spot the factors that are driving returns, such as the level of the S&P 500 (the main stockmarket index on Wall Street) or the change in bond yields. This is the underlying approach of many hedge fund clones (see Chapter 6). Omar Kodmani of the fund-of-funds group Permal says:

If you throw enough factors at something and use multiple regression, you will always find some explanation. We think a more meaningful approach is to use, say, 80% of the performance data and then find the factors that explain that. Then we apply those factors over the other 20% to see if it still fits.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.