Subjects:

Banking and Finance

Contents:

List of Figures

List of Tables

About the Author

Acknowledgements

Preface/Introduction

1. What is a hedge fund?

2. Types and structures of hedge funds

3. What’

s in an Articles of Association, a Limited Partnership Agreement or a Unit Trust Agreement?

4. Setting up the hedge fund

5. Hedge funds and their service providers

6. How to read an Offering Memorandum

7. How are shares or interests in a hedge fund marketed?

8. How is a hedge fund operated?

9. Key issues: valuations, corporate governance and changing or adding service providers

10. What happens when something goes wrong?

Appendixes

Appendix 1 Sample Articles of Association

Appendix 2 Suggested documents required to launch a hedge fund

Appendix 3 The Regulatory Environment for Hedge Funds: A Survey and Comparison, IOSCO Report, November 2006

References

Index

Hedge funds are one of the most dynamic, and important, players in the financial services industry and command worldwide attention. This primer, authored by a leading financial services industry participant, sets out the context of hedge funds and provides you with practical advice on how they operate.

It begins by defining the characteristics and functions of a hedge fund, illustrating who is involved both internally and externally. It goes on to provide a step-by-step guide to setting up a hedge fund and discusses how unregulated hedge funds are regulated. It looks at hedge fund litigation and directs you to recommended resources. All of this is combined in a format that will enable you to grasp this important, complex subject relatively quickly. Aimed at newcomers to the hedge fund industry, this introductory text is particularly useful for:-

• new hedge fund directors who have not previously served on a hedge fund board;
• investors seeking to learn about hedge funds;
• investment bankers that are transferring into a prime brokerage team;
• accountants responsible for hedge fund advisors;
• long-only fund managers that have been asked to co-manage a new long-short global equity hedge fund;
• anyone interested in understanding how a hedge fund works.