A detailed, step-by-step book covering the entire hedge fund evaluation process Investing in hedge funds is different from investing in other asset classes. There is much less publicly available information about hedge funds performance than there is about mutual funds or individual stocks. Consequently, investing in this class requires more sophisticated investment knowledge, greater due diligence, and, in many cases, a better-developed ability to evaluate investment managers. Hedge Fund Analysis provides a broad framework of how to approach this endeavor, from initial screening to analytical techniques, interviewing skills, and legal and contract negotiations. Along the way, it demonstrates a variety of mechanisms for monitoring and tracking hedge funds and the underlying hedge fund portfolios―explaining each stage of the process in minute detail and providing specific examples which fully explain the opportunities and challenges you'll face each step of the way. Provides a detailed look at how to source hedge funds, screen through them, and rank their strengths and weaknesses - Lays out a thorough process for evaluating funds, from initial interviews to performance analysis to onsite meetings - Reveals what questions to ask by strategy in order to understand the underlying risk factors associated with each - Highlights non-investment analysis, including operational due diligence and risk management, as integral elements in the process Written by a financial professional with over twenty years of experience conducting investment manager due diligence, this book will put you in a position to make more informed decisions when investing in hedge funds. Reading the Markets , October 19, 2012 readingthemarkets.blogspot.com/2012/10/travers-hedge-fund-analysis.html Excerpt from review: "In fact, the book is so detailed that I'm sure even the least astute analyst could successfully use it as a complete cheat sheet (or, the less tainted word, template) in performing his own due diligence. Travers has performed a real service for anyone who is trying to find the right hedge fund to add to his portfolio." Opalesque , November 26, 2012 opalesque.com/644470/Frank_Travers_lays_out_method_for_young_and447.html Excerpt: "Those who screen, hire, fire, evaluate, assess, interview and analyse managers and their funds must bring structure and focus to this arduous task if they want to make it easy on themselves. One book that aims to supply just that is Frank Travers' newly published (Wiley) book called Hedge Fund Analysis. As the title suggests, it is a no non-sense guide to the exercise of selecting hedge funds, that uses a sober and methodical language." Hedge Funds Review , January 29, 2013 risk.net/hedge-funds-review/research/2248404/hedge-fund-diligence-process-considers-myriad-aspects-qualitative-quantitative-factors Excerpt: "How to analyse the myriad of data collected during the due diligence process has led many companies to try to establish methods of quantifying and measuring some or all of the resulting information." "Starting from hedge funds's roots in Shogunate Japan, Frank Travers has written a truly comprehensive book on hedge fund analysis. Pulling from his years of experience as a hedge fund allocator, Travers offers insights that heretofore could only be learned on the job. With a colorful writing style and a robust sense of history, Hedge Fund Analysis is as interesting for the experience hedge fund professional as it is compelling for the novice. This book is a must read for anyone interested in hedge fund research."― Bruce MacDonald , Chief Investment Officer, Simple Alternatives “As the title suggests, it is a no non-sense guide to the exercise of selecting hedge funds, that uses a sober and methodical language – among the few whimsical items are the fictional hedge fund organisation (FCM) and some dry quips.”― Opalesque With more than 8,000 hedge funds in existence today, the process of identifying, analyzing, allocating, and actively monitoring a short list of funds that meet your specific needs is harder than ever before. While effective hedge fund analysis can be conducted in various ways and employ a myriad of models and techniques, the basic elements of the process are always the same. It requires answering essential questions that involve all aspects of the hedge fund business, including personnel, underlying investment strategy and risk, competitive advantages or "edge," back office and operations, administration, legal matters, financial issues, marketing, client service, transparency, liquidity, reporting, and more. With over two decades of experience analyzing alternative and traditional investment strategies and managers, author Frank Travers knows what it takes to excel at this difficult endeavor. And now, with Hedge Fund Analysis , he shares his extensive insights with you. Divided into two informative parts, this comprehensive resource provides background information