Managing Risk in Alternative Investment Strategies: Successful Investing in Hedge Funds and Managed Futures
"Lars Jaeger is to be congratulated for taking the mystique out of alternative investment strategies and putting sound risk management methodology into its place. I am convinced that this book will become the prime reference on AIS for many years to come."
Paul Embrechts, Professor of Insurance Mathematics, ETH Zurich
"More and more investment professionals see alternative investment strategies as a new paradigm in asset management. However, press coverage suggests that the hedge funds bubble has not yet burst. The hedge fund area has traditionally been shrouded in myth and misrepresentation. Managing Risk in Alternative Investment Strategies provides what is desperately needed: transparency."
Alexander M. Ineichen, CFA, Managing Director, UBS Warburg, London
"The hedge fund industry is attracting more and more interest after the disappointing performance of financial markets. Lars Jaeger's book clearly and concisely presents the issues and sheds much needed light on this industry. His rigorous description of the most advanced risk management techniques and their application to the hedge funds makes it an indispensable tool for professional investors who want to venture in this field."
Dr. Michel M. Dacorogna, Manager Financial Analysis and Risk Modeling, Converium Ltd
"Risk management and transparency have become key issues for portfolio managers and investors interested in alternative investment strategies. Lars Jaeger finally gives a much needed, clear and practical, treatment on risk management principles for hedge funds and managed futures. This book is a must read for anyone interested in this rapidly growing investment area"
Dr. Dan Rosen, VP Research and New Solutions, Algorithmics
Alternative Investment Strategies, such as hedge funds, can enhance returns and reduce risk of a global investment portfolio. However, managing their ¿risk dimension¿ is critical to success.
Managing Risk in Alternative Investment Strategies
provides insight into the latest thinking about hedge funds and hedge fund risk management, elaborating on ways to approach some of the main problems and obstacles of this new investment class.