Tommaso Derossi Newcits | ISBN 10: 0470976276 | | ISBN 13: 9780470976272 | | SubTitle: Investing in UCITS Compliant Hedge Funds | | ReleaseYear: 2010 | | Published by: Wiley John & Sons | | Cover: Taschenbuch | | Cover Format: 229x154x17 mm | | Pages: 144 | | Weight: 235 g | | Language: Englisch | | Employee: Tommaso Derossi | | Warengruppe: Bücher/Wirtschaft/Management |  Unser Preis: 40,14 Euro | NEUWARE - Portofrei innerhalb Deutschlands! | Beschreibung: Newcits - Investing in UCITS Compliant Hedge Funds 'This book provides an independent view in describing in what sense Newcits can be an attractive investment opportunity, as well as what the risks and the hidden pitfalls are that we all need to be aware of. Intended as a comprehensive reference for investors and fund managers, it also includes information on legal aspects as well as operational features, which other recent publications often lack. In my view, this is a must read for all the investors and academics interested in hedge funds!' Professor Stefano Paleari, University of Bergamo, Rector 'The book offers a truly unique view of the Newcits industry that is bringing onshore some high-profile hedge fund managers. The authors examine the legal aspects, the operational models, the strategies, and provide an up-to-date analysis of these new funds. Investment opportunity and hidden pitfalls are illustrated in an accessible way, providing a great insight for both money managers and potential investors.' Frank J. Fabozzi, Professor in the Practice of Finance & Becton Fellow, Yale School of Management, and Editor of Journal of Portfolio ManagementHugely popular due to their strong regulatory frameworks and low volatility, UCITS compliant investment strategies have seen a boom in recent years and are seen my many as the only safe investment option post financial crisis. However there is little or no literature to guide investors through the intricacies of investing in UCITS funds, until now. This book will is a one-stop resource for investors everywhere who want to get the best out of their UCITS investments. There is a large and increasing range of UCITS compliant funds out there, but despite their tighter regulation and frameworks, investors still need to understand exactly what risks they are undertaking, how the models work and their differences and similarities to mutual funds and hedge funds. The book begins with an examination of the financial crisis from the perspective of hedge funds and funds of funds. Then it introduces the UCITS framework and shows readers how these strategies present a valuable and attractive alternative to regular hedge funds and FOHF's. It describes the regulatory framework in detail, addresses the different business models being used by asset managers, and looks at current hedge fund strategies such as convertible arbitrage or relative value, and at how these can be integrated into the framework. The book also describes in detail the UCITS industry, discussing the performances, the fee structure, the liquidity and the key theme of 'replicability' studying the tracking error volatility of the UCITS fund in comparison with their offshore versions. A discussion of the effectiveness of the regulation and its potential developments concludes the book. Autoreninformationen:FILIPPO STEFANINI is deputy Chief Investment Officer in Aletti Gestielle Alternative SGR, an Italian alternative investment company specializing in managing funds of hedge funds which is part of the banking group Banco Popolare di Verona e Novara. As of October 1st 2005 the company has assets under management of 1,4 billion euro.He graduated from Bergamo University in 1998 with first-class honors in Industrial Engineering. Since 1999 he has worked as a consultant for Accenture in the Asset Management and Investment Banking areas. He has been working for Aletti Gestielle Alternative SGR since 2001 when he was involved in the start-up project. In 2002 he became co-author of the book Hedge Funds: to invest for generating absolute returns. In 2005 he wrote the book Hedge Funds: the investment strategies. Both books were published in Italy by Il Sole 24 Ore.He is fluent in English and French. He is married to Silvia and enjoys playing golf. Rezension:Newcits - Investing in UCITS Compliant Hedge Funds§""This book provides an independent view in describing in what sense Newcits can be an attractive investment opportunity, as well as what the risks and the hidden pitfalls are that we all need to be aware of. Intended as a comprehensive reference for investors and fund managers, it also includes information on legal aspects as well as operational features, which other recent publications often lack. In my view, this is a must read for all the investors and academics interested in hedge funds!""§Professor Stefano Paleari, University of Bergamo, Rector§""The book offers a truly unique view of the Newcits industry that is bringing onshore some high-profile hedge fund managers. The authors examine the legal aspects, the operational models, the strategies, and provide an up-to-date analysis of these new funds. Investment opportunity and hidden pitfalls are illustrated in an accessible way, providing a great insight for both money managers and potential investors.""§Frank J. Fabozzi, Professor in the Practice of Finance & Becton Fellow, Yale School of Management, and Editor of Journal of Portfolio ManagementHugely popular due to their strong regulatory frameworks and low volatility, UCITS compliant investment strategies have seen a boom in recent years and are seen my many as the only safe investment option post financial crisis. However there is little or no literature to guide investors through the intricacies of investing in UCITS funds, until now.§This book will is a one-stop resource for investors everywhere who want to get the best out of their UCITS investments. There is a large and increasing range of UCITS compliant funds out there, but despite their tighter regulation and frameworks, investors still need to understand exactly what risks they are undertaking, how the models work and their differences and similarities to mutual funds and hedge funds. The book begins with an examination of the financial crisis from the perspective of hedge funds and funds of funds. Then it introduces the UCITS framework and shows readers how these strategies present a valuable and attractive alternative to regular hedge funds and FOHF's. It describes the regulatory framework in detail, addresses the different business models being used by asset managers, and looks at current hedge fund strategies such as convertible arbitrage or relative value, and at how these can be integrated into the framework. The book also describes in detail the UCITS industry, discussing the performances, the fee structure, the liquidity and the key theme of ""replicability"" studying the tracking error volatility of the UCITS fund in comparison with their offshore versions. A discussion of the effectiveness of the regulation and its potential developments concludes the book.  |
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