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Synopses & Reviews

Publisher Comments:

An excellent and comprehensive source of information on hedge funds! From a quantitative view Lhabitant has done it once again by meticulously looking at the important topics in the hedge fund industry. This book has a tremendous wealth of information and is a valuable addition to the hedge fund literature. In addition, it will benefit institutional investors, high net worth individuals, academics and anyone interested in learning more about this fascinating and often mysterious world of privately managed money. Written by one of the most respected practitioners and academics in the area of hedge funds.

Greg N. Gregoriou. Professor of finance and research coordinator in the School of Business and Economics at Plattsburgh State University of New York.

This is a landmark book on quantitative approaches to hedge funds. All those with a stake in building hedge fund portfolios will highly profit from this exhaustive guide. A must read for all those involved in hedge fund investing.

Pascal Botteron. Ph.D. Head of Hedge Fund Product Development, Pictet Asset Management

Franois-Serge Lhabitant’s second book will prove to be a bestseller too — just like Hedge Funds: Myths and Limits. He actually manages to make quantitative analysis ‘approachable’- even for those less gifted with numbers. This book, like its predecessor, includes an unprecedented mix of common sense and sophisticated technique. A fantastic guide to the ‘nuts and bolts’ of hedge fund analysis and a ‘must’ for every serious investor.

Barbara Rupf Bee. Head of Alternative Fund Investment Group, HSBC Private Bank, Switzerland

An excellent book, providing deep insights into the complex quantitative analysis of hedge funds in the most lucid and intuitive manner. A must-have supplement to Lhabitant’s first book dealing with the mystical and fascinating world of hedge funds. Highly recommended!

Vikas Agarwal. Assistant Professor of Finance, J. Mack Robinson College of Business, Georgia State University

Lhabitant has done it again! Whereas most books on hedge funds are nothing more than glorified marketing brochures, Lhabitant’s new book tells it how it is in reality. Accessible and understandable but at the same time thorough and critical.

Harry M. Kat. Ph.D. Professor of Risk Management and Director Alternative Investment Research Centre, Cass Business School, City University

Lhabitant’s latest work on hedge funds yet again delivers on some ambitious promises. Successfully bridging theory and practice in a highly accessible manner, those searching for a thorough yet unintimidating introduction to the quantitative methods of hedge fund analysis will not be disappointed.

Christopher L. Culp. Ph.D. Adjunct Professor of Finance, Graduate School of Business, The University of Chicago and Principal, Chicago Partners LLC

Book News Annotation:

Lhabitant offers an accessible introduction to the quantitative analysis of hedge funds. The volume begins with coverage of the measurement of risk-adjusted returns for hedge funds. Next, the risk exposures of hedge funds and their return drivers are examined. Finally, the author addresses issues relating to portfolio construction and asset allocation. Lhabitant (finance, EDHEC Business School, France) has substantial experience in risk management and alternative investments as both practitioner and academic.

Annotation �2004 Book News, Inc. Portland, OR (booknews.com)

Hedge funds are the fastest growing sector of the financial industry, and possibly the least understood. In this book, as a follow-on to Hedge Funds: Myths and Limits. the author provides a primer on the quantitative nature of these alternative investments.

Written by an author experienced as both a practitioner and academic, Hedge Funds: Quantitative Insights provides a step-by-step introduction on how quantitative tools can be applied to hedge fund investing. Divided into three parts, the book begins with coverage of the measurement of risk-adjusted returns for hedge funds. The focus is not on determining whether hedge funds outperform or under-perform traditional markets, but rather on understanding the real meaning of performance statistics used by hedge fund managers and quantitative analysts. The second part of the book examines the risk exposures of hedge funds, and subsequently, their return drivers. The final part of the book enters the field of portfolio construction and asset allocation.

Hedge Funds: Quantitative Insights is essential reading for finance practitioners, including portfolio managers, qualitative and quantitative analysts, consultants and investors — both institutional and private. It could also prove useful to students of finance who want a better understanding of what goes on in the hedge fund world.

An excellent and comprehensive source of information on hedge funds! From a quantitative view Lhabitant has done it once again by meticulously looking at the important topics in the hedge fund industry. This book has a tremendous wealth of information and is a valuable addition to the hedge fund literature. In addition, it will benefit institutional investors, high net worth individuals, academics and anyone interested in learning more about this fascinating and often mysterious world of privately managed money. Written by one of the most respected practitioners and academics in the area of hedge funds. -Greg N. Gregoriou, Professor of finance and research coordinator in the School of Business and Economics at Plattsburgh State University of New York.

This is a landmark book on quantitative approaches to hedge funds. All those with a stake in building hedge fund portfolios will highly profit from this exhaustive guide. A must read for all those involved in hedge fund investing. -Pascal Botteron, Ph.D. Head of Hedge Fund Product Development, Pictet Asset Management

Franois-Serge Lhabitant’s second book will prove to be a bestseller too — just like Hedge Funds: Myths and Limits. He actually manages to make quantitative analysis ‘approachable’- even for those less gifted with numbers. This book, like its predecessor, includes an unprecedented mix of common sense and sophisticated technique. A fantastic guide to the ‘nuts and bolts’ of hedge fund analysis and a ‘must’ for every serious investor. -Barbara Rupf Bee, Head of Alternative Fund Investment Group, HSBC Private Bank, Switzerland

An excellent book, providing deep insights into the complex quantitative analysis of hedge funds in the most lucid and intuitive manner. A must-have supplement to Lhabitant’s first book dealing with the mystical and fascinating world of hedge funds. Highly recommended! -Vikas Agarwal, Assistant Professor of Finance, J. Mack Robinson College of Business, Georgia State University

Lhabitant has done it again! Whereas most books on hedge funds are nothing more than glorified marketing brochures, Lhabitant’s new book tells it how it is in reality. Accessible and understandable but at the same time thorough and critical. -Harry M. Kat, Ph.D. Professor of Risk Management and Director Alternative Investment Research Centre, Cass Business School, City University

Lhabitant’s latest work on hedge funds yet again delivers on some ambitious promises. Successfully bridging theory and practice in a highly accessible manner, those searching for a thorough yet unintimidating introduction to the quantitative methods of hedge fund analysis will not be disappointed. -Christopher L. Culp, Ph.D. Adjunct Professor of Finance, Graduate School of Business, The University of Chicago and Principal, Chicago Partners LLC

About the Author

Fran?ois-Serge Lhabitant, PhD. has substantial experience in risk management and alternative investments, as both a practitioner and academic. Formerly, he was a Director at UBS/Global Asset Management and a Member of Senior Management at Union Bancaire Priv?e, in charge of the quantitative analysis and the management of dedicated hedge fund portfolios. He is currently a professor of Finance at the EDHEC Business School (France) and at the University of Lausanne (Switzerland), and a senior advisor to Kedge Capital Partners.