Buy and Hedge

Buy and Hedge PDF

Author: Jay Pestrichelli

Publisher: FT Press

Published: 2011-09-29

Total Pages: 305

ISBN-13: 0132825279

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If you're trying to build wealth, sharp market downturns are your worst enemy. And today, they're happening far more often: in the last 18 years, the S&P 500 has experienced sixteen violent market declines. Institutions and professional investors have mastered powerful hedging strategies for dramatically reducing the risks of market volatility. Now, you can do it, too--and you can't afford not to. In Buy and Hedge , two leading investment experts show how to apply hedging as part of a long-term program for growing and preserving your assets. CNBC Fast Money guest Jay Pestrichelli and seasoned financial industry veteran Wayne Ferbert show how to systematically protect yourself against violent downward moves while giving your portfolio maximum room to run in upward markets. The authors' techniques are easy to use, can be applied to most investment vehicles, and require surprisingly little "care and feeding" once implemented. You'll discover how to: · Take advantage of the hedge-building mechanisms built into low-cost index funds · Invest in your ideas with confidence, because you've hedged the downside · Systematically manage portfolios for risk as well as return · Master and apply the "5 Iron Rules of Buy & Hedge” · Use options to manage risk, not to create excess leverage · Generate more dividends · Effectively manage cash

The Door in the Hedge

The Door in the Hedge PDF

Author: Robin McKinley

Publisher: Open Road Media

Published: 2014-11-18

Total Pages: 148

ISBN-13: 1497673682

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From ensorcelled princesses to a frog that speaks, an enchanting collection of fairy tales from the Newbery Medal–winning author. The last mortal kingdom before the unmeasured sweep of Faerieland begins has at best held an uneasy truce with its unpredictable neighbor. There is nothing to show a boundary, at least on the mortal side of it; and if any ordinary human creature ever saw a faerie—or at any rate recognized one—it was never mentioned; but the existence of the boundary and of faeries beyond it is never in doubt either. So begins “The Stolen Princess,” the first story of this collection, about the meeting between the human princess Linadel and the faerie prince Donathor. “The Princess and the Frog” concerns Rana and her unexpected alliance with a small, green, flipper-footed denizen of a pond in the palace gardens. “The Hunting of the Hind” tells of a princess who has bewitched her beloved brother, hoping to beg some magic of cure, for her brother is dying, and the last tale is a retelling of the Twelve Dancing Princesses in which an old soldier discovers, with a little help from a lavender-eyed witch, the surprising truth about where the princesses dance their shoes to tatters every night.

The Little Book of Hedge Funds

The Little Book of Hedge Funds PDF

Author: Anthony Scaramucci

Publisher: John Wiley & Sons

Published: 2012-05-01

Total Pages: 279

ISBN-13: 1118099672

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The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book: Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds Explores a variety of financial instruments—including leverage, short selling and hedging—that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy.

Over the Hedge

Over the Hedge PDF

Author: Michael Fry

Publisher: Andrews McMeel Publishing

Published: 2006-03

Total Pages: 130

ISBN-13: 0740757016

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"I've been reading the strip for a decade, and now I view the world through RJ and Verne colored glassess . . . . This outdoor odd couple holds up a fun-house mirror to our obsessions.".

The Hedge Fund Mirage

The Hedge Fund Mirage PDF

Author: Simon A. Lack

Publisher: John Wiley & Sons

Published: 2012-01-03

Total Pages: 208

ISBN-13: 1118164318

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The dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance. The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.

The Hedge School

The Hedge School PDF

Author: Gloria Whelan

Publisher: Bethlehem Books

Published: 2015-10-19

Total Pages: 184

ISBN-13: 1932350527

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It is perilous to be a Catholic in the Ireland of 1735, and almost more than can be borne for fifteen-year-old Padraic Fitzbrian. Nearly 100 years before, Lord Protector Cromwell of England had put down the Irish rebellion—confiscating lands, killing priests, outlawing the Mass and prohibiting education of any kind for Irish Catholics. Padraic and his two friends, Liam and Rose, are in their last year as scholars in the forbidden and risky “all-weathers” classroom under the hedgerow. Fiery Padraic, whose family lands had been seized so long before, chafes under the injustice as though it were yesterday, making trouble for himself and those around him. Liam, as determined a patriot, holds the hope of being able to fight for his people’s freedom in an entirely different way. And warm-hearted Rose, gifted with pluck, is also—thankfully—rich in good sense. Behind the scenes, a mysterious figure called the “Kestrel” stirs the fires of Irish identity, and Padraic longs to do as much. Harmless adventures mount into dangerous trouble as the three young people strive, in each new difficulty, to take hold of the faith and patience that brings freedom amidst the worst tyranny. Gloria Whelan is a National Book Award winner for Young People’s Literature and author of many books, including The Miracle of St. Nicholas. Living History Library Quality Softcover, $14.95 Ireland 1730's AD, Ages 12-up, RL 5

More Money Than God

More Money Than God PDF

Author: Sebastian Mallaby

Publisher: A&C Black

Published: 2011-05-03

Total Pages: 497

ISBN-13: 1408809753

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Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.

Hedge Fund Operational Due Diligence

Hedge Fund Operational Due Diligence PDF

Author: Jason A. Scharfman

Publisher: John Wiley & Sons

Published: 2008-12-03

Total Pages: 324

ISBN-13: 0470372346

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How to diagnose and monitor key hedge fund operational risks With the various scandals taking place with hedge funds, now more than ever, both financial and operational risks must be examined. Revealing how to effectively detect and evaluate often-overlooked operational risk factors in hedge funds, such as multi-jurisdictional regulatory coordination, organizational nesting, and vaporware, Hedge Fund Operational Due Diligence includes real-world examples drawn from the author's experiences dealing with the operational risks of a global platform of over 80 hedge funds, funds of hedge funds, private equity, and real estate managers.

Hedge Funds

Hedge Funds PDF

Author: Andrew W. Lo

Publisher: Princeton University Press

Published: 2010-07-01

Total Pages: 388

ISBN-13: 140083581X

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The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.