This new introductory text, clearly explains what a hedge fund is, how it interacts with service providers, how it operates and particularly appropriate to today s markets what happens when things go wrong.
Hedge funds are one of the most dynamic, and important, players in the financial services industry and command worldwide attention. This primer, authored by a leading financial services industry participant, sets out the context of hedge funds and provides you with practical advice on how they operate. It begins by defining the characteristics and functions of a hedge fund, illustrating who is involved both internally and externally. It goes on to provide a step-by-step guide to setting up a hedge fund and discusses how unregulated hedge funds are regulated. It looks at hedge fund litigation and directs you to recommended resources. All of this is combined in a format that will enable you to grasp this important, complex subject relatively quickly. Aimed at newcomers to the hedge fund industry, this introductory text is particularly useful for: