Each chapter opens the door to a new microcosm of risk management. Well worth the effort
Author(s): Parker V.R.
Year: 2000
Language: English
Pages: 463
Contents......Page 6
Authors......Page 10
Introduction......Page 22
PART I: PERSPECTIVES FROM THE INVESTORS......Page 40
1. Risk Management: A Practical Approach to Managing a Portfolio of Hedge Funds for a Large Insurance Company......Page 42
2. Hedge Fund Risk Management for Institutions......Page 58
3. Risk Management Issues for the Family Office......Page 78
4. Fund of Funds: Risk Management Issues for Endowments and Foundations......Page 88
5. Fund of Funds: Risk: Defining it, Measuring it and Managing it......Page 108
6. The Critical Path to Effective Hedge Fund Risk Management: Control, Transparency and Risk and Performance Measurement......Page 120
PART II: PERSPECTIVES FROM THE COUNTERPARTIES......Page 132
7. From a Dealer's Perspective......Page 134
8. A Structurer and Enhancer......Page 150
9. From the Practitioner's Perspective as a Prime Broker......Page 160
10. Operational Risk......Page 172
PART III: PERSPECTIVES FROM THE HEDGE FUND MANAGERS......Page 180
11. Risk Management for the Asset Management Firm......Page 182
12. Sound Practices for Hedge Funds......Page 194
13. Risk Management for Hedge Fund Strategies......Page 202
14. Risk Management for Hedge Fund Strategies: US Equity Market Neutral......Page 208
15. Long/Short Japanese Equities......Page 216
16. The "Risk" in Risk Arbitrage......Page 228
17. Convertible Arbitrage......Page 240
18. Mortgage Strategies......Page 254
19. Risk Management for a Distressed Securities Portfolio......Page 270
20. Short Selling: A Unique Set of Risks......Page 280
21. Risk Management for Hedge Fund Strategies – Foreign Exchange......Page 288
PART IV: PERSPECTIVES FROM THE CONSULTANTS......Page 298
22. Incorporating Hedge Fund Risk into the Design Parameters of a Traditional Investment Programme......Page 300
23. Risk Management for Hedge Funds and CTA's: VAR Versus SPAN Margin......Page 308
24. Enterprise Risk Management for Hedge Funds: An Applied Perspective......Page 318
Appendix......Page 336
Sound Practices for Hedge Fund Managers......Page 338
Findings on Disclosure for Institutional Investors in Hedge Funds......Page 400
What is the Optimal Portfolio Risk Measurement? A Review of Value-at-Risk......Page 404
The Risk of Hedge Funds......Page 416
C......Page 492
D......Page 493
F......Page 494
H......Page 495
J......Page 496
M......Page 497
N......Page 498
P......Page 499
R......Page 500
T......Page 501
Z......Page 502
