Читать книгу Alts Democratized - Rabe Jessica Lynn - Страница 8

Synopsis

This book defines liquid alternatives as hedge fund strategies used in a '40 Act wrapper, and it uses Lipper data to evaluate 11 different alternative classifications. The analysis focuses on the risk and return of each classification, and the 10 largest funds. The methodology uses factor exposures to analyze fund returns, and to identify different roles that liquid alts can play in portfolios. These roles include portfolio diversifier, equity complement, fixed income complement, tactical hedge, and directional bet.

Readers may wish to read this book straight through, skim through the chapter summaries, or use it as a reference tool. Each chapter is written as independently as possible, while adhering to a comprehensive framework for studying liquid alternatives.