Preface Preface Preface Preface Preface Preface Preface
Preface
Home Preface Preface Preface Preface Preface Preface
Preface Preface Preface Preface



Preface
Preface

Preface

funds create additional challenges because they carry short positions, may
finance their long positions, and may turn over their positions rapidly.
Chapter 10--Hedge Fund Taxation
Tax reporting is one of the most complicated topics affecting hedge fund
investors. Taxes have a powerful impact on the after-tax return of investors
yet tax reporting is one of the least-discussed topics affecting hedge fund
investors.
Chapter 11--Risk Management and Hedge Funds
Risk management is more than risk measurement, but measurement is the
first step. Some hedge funds take more risks than traditional portfolio
managers and hedge funds almost always take different risks than tradi-
tional portfolio managers. Risk measurements provide managers, in-
vestors, and creditors with valuable insights into the nature of hedge fund
positions.
Chapter 12--Marketing Hedge Funds
Regulations define how hedge fund managers can market their funds. A
specialized industry has evolved to help managers raise money.
Chapter 13--Derivatives and Hedge Funds
One of the latest developments in hedge fund investing involves investing
indirectly into hedge funds through derivative products. These new struc-
tures offer several potential advantages over direct hedge fund investing.
Chapter 14--Conclusions
This chapter provides a review of the state of the hedge fund industry and
provides insight into the future of the hedge fund marketplace.
xii
PREFACE
fpref.qxd 10/8/04 10:07 AM Page xii
Preface Preface Preface Preface Preface Preface Preface Next Page
Copyright © 2009
Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface Preface