Financial Times Guide to Investing in Funds

en Limba Engleză Paperback – 31 mai 2012

Learn how to evaluate any investment fund before deciding where to place your money so you can ensure you generate more wealth and protect your cash.

This valuable guide will help you make the right investment decisions by:

- Explaining the procedures that should be followed before investing money anywhere.

- Helping you cut through marketing language to get a real sense of how risky a company's strategy may be.

- Showing you what questions to ask of investment fund managers so you're more comfortable investing in a company.

- Showing you how to recognise the warning signs of risky investments.

This book will also help you identify companies who consistently deliver high returns, thereby allowing you to generate more wealth by investing in successful, and stable, funds.

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Specificații

ISBN-13: 9780273732853
ISBN-10: 0273732854
Pagini: 225
Dimensiuni: 155 x 231 x 15 mm
Greutate: 0.45 kg
Ediția:1
Editura: Pearson Education
Locul publicării:Harlow, United Kingdom

Descriere

The Financial Times Guide to Investing in Funds explains the procedures that should be followed before investing to help you make the right investment decisions. Chapter-by-chapter the book will show you:

How to analyse a company’s risk management strategies and its regulatory compliance.
How to carry out fund due diligence.
What sort of investments you should be looking at.
How to carry out an operational review of a company’s trading practices.
How to put in place a scoring system to ensure that you are making the right investment decisions.

This valuable guide will help you identify those companies who consistently deliver high returns, thereby allowing you to generate more wealth by investing in successful and stable, funds.

Cuprins

1. Introduction
- This chapter will introduce the innovative and different approach, putting forward the view that any fund investment should be based not on returns but on the way the fund is linked to the actual managers and how to carefully carry out due diligence on such relationships.
2. Management Entities
- This chapter looks at how due diligence should be collected on the management firm, its principals’ background and any entities which control the firm.
3. Investment Product
- This chapter looks at how the key characteristics of the investment should be reviewed, the legal structure behind the ownership of investments, the review and impact of existing investor types, the corroboration of information from marketing materials and fees.
4. Investment Strategy & Process
- This chapter looks at how the markets, investments, targets, benchmarks, research, trading and execution processes all go together and where to spot gaps, as well as the benefits of reviewing a fund against relevant competitors.
5. Risk Management
- This chapter looks at how the firm's risk management processes are put together, and whether that meets recognized standards and how to assess any residual exposed.
6. Operational Review
- This chapter considers the way a firm should be organized in terms of information flow from front office to back office and the strength of related systems
7. Compliance
- This chapter focuses on the firm’s compliance with regulations, insurance, business continuity, and the value of spotting weaknesses.
8. Management & Staff
- This chapter will review the benefits of asking the right questions from staff both partners and employees as well as how to verify some of their background.
9. Service Providers
- This chapter will be dedicated to the reliability of the firm's service providers, such as prime broker, custodian and administrator and the relevant agreements they have to be aware of the limitation of their contractual liabilities if any.
10. Scoring system
- This chapter will offer insights on how to design a reliable scoring system so that readers can work their way through many potential funds quickly and reliably.
11. Conclusion
- This chapter will offer an overview of the added benefits of the approach set out in the book.

Notă biografică

Jérôme de Lavenère Lussan is the founder and managing director of Laven Partners – and investment management consultant whose specialism is operational due diligence on investment companies. Laven Partners has recently won the ‘Best Regulatory Advisory Firm 2009’, awarded by Hedge Fund Manager magazine.
Jérôme trained as a lawyer and worked at Jones Day before running a hedge fund: this has given him the detailed understanding of how an investment management business works.
Jérôme has taught on courses for Financial Times Knowledge and Euromoney. He also participates in in-house training for FT journalists, known as ‘FT Business Masterclass’.
He’s frequently interviewed for market comments and recently appeared on Bloomberg TV.

Recenzii

This book highlights the many pitfalls that investors often overlook or do not understand when investing. This includes a range of investment vehicles ranging from offshore hedge funds through to onshore regulated vehicles. Far too often, investors place too much reliance on brand names or regulators to protect themselves or to defend an investment decision. Jerome Lussan has been able to provide thought provoking insight, especially with respect to operational investment issues. A must-have tool in your investment kit! Marc de Kloe, Senior Product Specialist, Head of Hedge Funds, ABN AMRO Private Banking This book is a timely and valuable guide for fund investors. I very much enjoyed reading it. By building on his practical experience and a range of excellent case studies Jerome Lussan successfully highlights the importance of taking a comprehensive approach to fund evaluation in order to make successful investments. Professor Robert Kosowski, Director of Risk Management Lab and Centre for Hedge Fund Research, Imperial College London With his deep knowledge of the industry and his pragmatic approach, Lussan gives not only an exhaustive overview of the organization, structure and service providers involved in investment funds but he also covers comprehensively actual developments in the industry, such as risk management or compliance and offers to the reader some insightful case studies. Accessible and understandable but at the same time thorough and critical. Paolo Vinciarelli, Head of Investment Funds, BCEE Luxembourg Investors are invariably seduced by return patterns. They might do better and follow the Bard's advice to "Let every eye negotiate for itself and trust no agent". This helpful book suggests the best ways investors might improve their eye for better managed funds and hopefully better returns. Edmund Bellord,Asset Allocation Portfolio Strategist,GMO LLC Hedge fund investing requires a blend of art and science which Lussan understands well and this comes out from the book, and provides an invaluable insight from a leading expert. The Financial Times Guide to Investing in Funds teaches readers how to be disciplined when investing to obtain the right disclosures to ensure the protection of their assets. Read this book and you will learn how due diligence principles can protect your investments. Nathanael Benzaken, Managing Director, Head of Managed Account Development, Lyxor Asset Management This is a comprehensive guide for all professionals and investors into the due diligence process behind picking the right fund for their portfolio. Too many investors focus simply on fund statistics and the manager's underlying strategy and neglect the basics of good fund management which includes corporate governance, regulatory controls and elementary accounting. This impressive new book makes amends and forces the investor to think about the actual structure of fund management and understand how it can so easily go wrong - along the way Lussan fleshes out his analysis with real world examples of investment disasters including the notorious Bernard Madoff affair. An essential read for any sophisticated investor" David Stevenson, Financial Times Adventurous Investor Columnist

Textul de pe ultima copertă

'A thought-provoking insight, especially with respect to operational investment issues. A must-have tool in your investment kit!
Marc de Kloe - Senior Product Specialist, Head of Hedge Funds, ABN AMRO Private Banking

'By building on his practical experience and a range of excellent case studies, Jerome Lussan successfully highlights the importance of taking a comprehensive approach to fund evaluation in order to make successful investments.'

Professor Robert Kosowski, Director of Risk Management Lab and Centre for Hedge Fund Research, Imperial College London

'Read this book and you will learn how due diligence principles can protect your investments.'

Nathanael Benzaken, Managing Director, Head of Managed Account Development, Lyxor Asset Management

The Financial Times Guide to Investing in Funds explains everything you need to know before investing in investment funds, hedge funds and alternative funds. Whether you are a professional trader or a private investor, the book will help you make up your mind as to what kind of fund you want to invest into, ensure that you're making the right investment decisions and advise on how to invest in an intelligent and beneficial way.

The Financial Times Guide to Investing in Funds:

Teaches how to select funds based on the reliability of their business model and investment strategies
Explains the procedures that should be followed by anyone before investing any money anywhere
Helps you cut through marketing language to get a real sense of how risky a company's strategy may be
Shows you how to review the operations as well as investment processes of asset managers
Identifies key warning flags and the types of businesses to avoid

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