新生學校財團法人新生醫護管理專科學校圖書館 |

Hedge fund replication

紀錄類型:	書目-電子資源 : 單行本
正題名/作者:	Hedge fund replication/ edited by Greg N. Gregoriou, Maher Kooli.
其他作者:	Gregoriou, Greg N.,
出版者:	New York :Palgrave Macmillan, : 2012.,
面頁冊數:	p. cm.
附註:	Includes index.
標題:	Investments. -
電子資源:	An electronic book accessible through the World Wide Web; click for information
ISBN:	9780230358317 (electronic bk.)

Hedge fund replication
Hedge fund replication[electronic resource] /edited by Greg N. Gregoriou, Maher Kooli. - New York :Palgrave Macmillan,2012. - p. cm.

Includes index.

Can We Really 'Clone' Hedge Fund Returns? Further Evidence; M.Kooli & S. Sharma -- Hedge Fund Replication: Does Model Combination Help?; J. Teiletche -- Factor-Based Hedge Fund Replication with Risk Constraints; R.D.F.Harris & M. Mazibas -- Takeover Probabilities and the Opportunities for Hedge Funds and Hedge Fund Replication to Produce Abnormal Gains; A.Ravi, P.Mayall & J. Simpson -- Benchmarking of Replicated Hedge Funds; M.D.Wiethuechter & L. Nemeth -- Insight ₆ Distributional Hedge Fund Replication via State Contingent Stochastic Dominance; C.H. Glaffig -- Non-Parametric Hedge Funds and Replication Indices Performance Analysis: A Robust Directional Application; L. Germain, N. Nalpas & A. Vanhems -- Hedge Fund Cloning through State Space Models; R. Savona -- Hedge Fund Return Replication via Learning Models; R. McFall Lamm, Jr -- Linear Model for Passive Hedge Fund Replication; G. Barone-Adesi & S. Siragusa -- Can Hedge Fund-like Returns be Replicated in a Regulated Environment?; I. Markov & N. Tuchschmid -- A Factor-based Application to Hedge Fund Replication; M. Rossi & S.L. Rodr̕guez --.

The popular academic conception that hedge fund returns are simply beta in alpha clothing is an important case for passive replication of hedge fund returns. If much of the returns of hedge funds are not true alpha but rather beta, it could make more sense to replicate them rather than to invest directly in hedge funds. Furthermore, with many hedge fund managers now requiring longer lock-up periods, hedge fund clones have also been marketed as a more liquid alternative or as a temporary investment in a passively managed hedge fund until a suitable fund manager can be found. In addition to lower fees and ease of trading, hedge fund clones also offer transparency. Investors generally know what is inside a clone's portfolio, whereas traditional hedge funds are considered as black box. However, while there may be a consensus in the industry that hedge funds clones will bring better liquidity and lower fees, it is still debatable whether replication products should serve as a complement in the hedge fund allocation decision or as a replacement. Many financial experts also consider hedge fund clones as unproven and risky for investors. The hedge fund clone industry remains very much in the embryonic stage and more academic research is needed in order for the market to gain more confidence in such products. Interestingly, hedge fund clones while heterogeneous in nature have performed relatively well during the recent financial crisis. This book offers the reader valuable insights into the thinking behind hedge fund replication. It comprises a collection of views and research from specialist practitioners and academics from around the world, to shed light on different issues regarding the construction of hedge fund clones and how we should consider them. It analyses their pros and cons, and considers the question, 'Do they really expand the efficient frontier for investors?'.

Electronic reproduction.
Basingstoke, England :
Palgrave Macmillan,
2011.

Mode of access: World Wide Web.

ISBN: 9780230358317 (electronic bk.)

Source: 529913Palgrave Macmillanhttp://www.palgraveconnect.com

Nat. Bib. Agency Control No.: 015874026UkSubjects--Topical Terms:

73049
Investments.
Index Terms--Genre/Form:

96803
Electronic books.

LC Class. No.: HG4521 / .H473 2012

Dewey Class. No.: 332.64/524

Hedge fund replication
LDR:04622cmm a2200373Ka 4500 001 131397
003 OCoLC
005 20130621115105.0
006 m o d
007 cr cn|||||||||
008 160105s2012 nyu o 001 0 eng d
016 7 $a 015874026 $2 Uk
020 $a 9780230358317 (electronic bk.)
020 $a 0230358314 (electronic bk.)
029 1 $a NZ1 $b 14675277
029 1 $a AU@ $b 000050298381
035 $a (OCoLC)767822299
035 $a ocn767822299
037 $a 529913 $b Palgrave Macmillan $n http://www.palgraveconnect.com
040 $a UKPGM $b eng $c UKPGM $d YDXCP $d OCLCQ $d UKMGB $d OCLCO $d E7B
049 $a TEFA
050 1 4 $a HG4521 $b .H473 2012
082 0 4 $a 332.64/524 $2 23
245 0 0 $a Hedge fund replication $h [electronic resource] / $c edited by Greg N. Gregoriou, Maher Kooli.
260 $a New York : $c 2012. $b Palgrave Macmillan,
300 $a p. cm.
500 $a Includes index.
505 0 $a Can We Really 'Clone' Hedge Fund Returns? Further Evidence; M.Kooli & S. Sharma -- Hedge Fund Replication: Does Model Combination Help?; J. Teiletche -- Factor-Based Hedge Fund Replication with Risk Constraints; R.D.F.Harris & M. Mazibas -- Takeover Probabilities and the Opportunities for Hedge Funds and Hedge Fund Replication to Produce Abnormal Gains; A.Ravi, P.Mayall & J. Simpson -- Benchmarking of Replicated Hedge Funds; M.D.Wiethuechter & L. Nemeth -- Insight ₆ Distributional Hedge Fund Replication via State Contingent Stochastic Dominance; C.H. Glaffig -- Non-Parametric Hedge Funds and Replication Indices Performance Analysis: A Robust Directional Application; L. Germain, N. Nalpas & A. Vanhems -- Hedge Fund Cloning through State Space Models; R. Savona -- Hedge Fund Return Replication via Learning Models; R. McFall Lamm, Jr -- Linear Model for Passive Hedge Fund Replication; G. Barone-Adesi & S. Siragusa -- Can Hedge Fund-like Returns be Replicated in a Regulated Environment?; I. Markov & N. Tuchschmid -- A Factor-based Application to Hedge Fund Replication; M. Rossi & S.L. Rodr̕guez --.
520 $a The popular academic conception that hedge fund returns are simply beta in alpha clothing is an important case for passive replication of hedge fund returns. If much of the returns of hedge funds are not true alpha but rather beta, it could make more sense to replicate them rather than to invest directly in hedge funds. Furthermore, with many hedge fund managers now requiring longer lock-up periods, hedge fund clones have also been marketed as a more liquid alternative or as a temporary investment in a passively managed hedge fund until a suitable fund manager can be found. In addition to lower fees and ease of trading, hedge fund clones also offer transparency. Investors generally know what is inside a clone's portfolio, whereas traditional hedge funds are considered as black box. However, while there may be a consensus in the industry that hedge funds clones will bring better liquidity and lower fees, it is still debatable whether replication products should serve as a complement in the hedge fund allocation decision or as a replacement. Many financial experts also consider hedge fund clones as unproven and risky for investors. The hedge fund clone industry remains very much in the embryonic stage and more academic research is needed in order for the market to gain more confidence in such products. Interestingly, hedge fund clones while heterogeneous in nature have performed relatively well during the recent financial crisis. This book offers the reader valuable insights into the thinking behind hedge fund replication. It comprises a collection of views and research from specialist practitioners and academics from around the world, to shed light on different issues regarding the construction of hedge fund clones and how we should consider them. It analyses their pros and cons, and considers the question, 'Do they really expand the efficient frontier for investors?'.
533 $a Electronic reproduction. $b Basingstoke, England : $c Palgrave Macmillan, $d 2011. $n Mode of access: World Wide Web. $n System requirements: Web browser. $n Title from title screen (viewed on Nov. 29, 2011). $n Access may be restricted to users at subscribing institutions.
650 0 $a Investments. $3 73049
650 0 $a Mutual funds. $3 73332
650 0 $a Hedge funds. $3 227951
650 7 $a BUSINESS & ECONOMICS / Finance. $2 bisacsh $3 236178
650 7 $a BUSINESS & ECONOMICS / Investments & Securities. $2 bisacsh $3 236254
650 7 $a BUSINESS & ECONOMICS / Management. $2 bisacsh $3 227862
655 7 $a Electronic books. $2 local. $3 96803
700 1 $a Gregoriou, Greg N., $d 1956- $3 228745
700 1 $a Kooli, Maher. $3 236253
710 2 $a Palgrave Connect (Online service) $3 227469
776 0 8 $i Print version: $t Hedge fund replication. $d New York : Palgrave Macmillan, 2012 $z 9780230336810 $w (DLC) 2011042949 $w (OCoLC)759050029
856 4 0 $3 Palgrave Connect $u http://www.palgraveconnect.com/doifinder/10.1057/9780230358317 $z An electronic book accessible through the World Wide Web; click for information
938 $a YBP Library Services $b YANK $n 7274309
938 $a ebrary $b EBRY $n ebr10517877
994 $a C0 $b TEF