With Hedge Funds Becoming a More Integral Part of Today's Financial Markets, the Issues of Compliance and Risk Management Are Being Seriously Addressed as This 2006 Guide Suggests.
The Hedge Fund Compliance and Risk Management Guide provides a broad examination of hedge fund operations, describing how risks are managed within global financial markets. This reference guide provides valuation and capital rating methodologies, and net asset value verification controls. Specific trading strategies, theories, models, statistics, benchmarks, and risk policies are also included, along with case studies of frauds, which provide examples for legal and fair controls. The Hedge Fund Compliance and Risk Management Guide is a valuable informational resource that provides complete coverage of this complex field.
The book will provide an authoritative examination of hedge fund operations throughout the world, showing how managed assets are allocated in various parts of the global financial markets. There will be highlights of the geographical markets size and area of specialty of hedge funds risk concentration. Specific trading strategies are discussed as well as information on internal controls for audit purposes, policies and procedures for risk management. The book will detail various market sources, valuation methodologies and net asset value verifications and controls. The book will also include case studies of "fraud" instances to provide practical examples for internal legal controls.
Praise for The Hedge Fund Compliance and Risk Management Guide
"This book touches all areas of compliance and risk management. For everyone interested in starting a hedge fund or learning more about risk and compliance, search no more, all you need to know about compliance and risk is in this guide. This is the long-awaited book that every hedge fund manager, fund of hedge fund manager, lawyer, accountant, and investment banks compliance department has been waiting for. A wealth of information."
CoDr. Greg N. Gregoriou, Associate Professor of Finance, State University of New York (Plattsburgh) and coeditor of Hedge Funds: Strategies, Risk Assessment, and Returns
With hedge funds becoming a more integral part of today's financial markets, the issues of compliance and risk management with regard to this instrumentCoand the industryCoare beginning to be seriously addressed.
Through her experiences with several hedge funds, risk management expert Armelle Guizot has firsthand knowledge of the policies and philosophies that have long been a part of this industry. With The Hedge Fund Compliance and Risk Management Guide, Guizot looks to bring more transparency to this topic, by providing you with a broad examination of the most important regulatory and risk management issues associated with today's hedge funds.
Covering everything from valuation and capital rating methodologies to specific trading strategies, theories, and models, The Hedge Fund Compliance and Risk Management Guide is a valuable resource for anyone involved in or affected by this industry.
Filled with in-depth insights, practical advice, and real-world examples, The Hedge Fund Compliance and Risk Management Guide provides you with the information you need to understand this dynamic market.
Armelle Guizot is working in operational risk consulting and on-demand special research projects at various firms globally. From 2004-2005 Guizot researched the role of risk management in offshore management hubs. She also participated in the development of operational risk management in funds and transfer agency lines of businesses. Guizot holds a masters in financial engineering from Cornell and is a graduate of West Virginia State University.
CHAPTER 1 History, Definition, and Roles of Hedge Funds.
CHAPTER 2 Trading Mandates.
CHAPTER 3 Performances by Strategies.
CHAPTER 4 Geographical Areas of Hedge Fund Development.
CHAPTER 5 Integration of Hedge Funds in the Financial Markets.
CHAPTER 6 Hedge Fund Players.
CHAPTER 7 Hedge Fund Risk Types.
CHAPTER 8 Basic Risk Management Standards and Recommendations.
CHAPTER 9 Role of Indexes in Hedge Funds.
CHAPTER 10 Hedge Fund Data and Attrition Rates.
CHAPTER 11 Methodologies and Models to Detect Fraud in Hedge Funds.
CHAPTER 12 Selection of a Quantitative Model to Detect Fraud.
CHAPTER 13 Funds of Funds Rating Methodology.
CHAPTER 14 Hedge Funds Rating Methodology.
CHAPTER 15 Operational Risk, Audits, Compliance, and Due Diligence.
CHAPTER 16 Derivative Structured Products and Corporate Laws to Hide Risks.
CHAPTER 17 The Evolution and Involvement of Regulations and Compliance.
CHAPTER 18 Hedge Funds' Future.
APPENDIX I Statistical Data.
APPENDIX II U.S. Regulatory Filings by Hedge Fund Managers.
APPENDIX III Compliance Cases Involving Hedge Funds.
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