Vault Career Guide to Hedge Funds
ISBN: 9781581315349



Table of Contents
Introduction 1(1)
What is a Hedge Fund?
1(2)
Basic Hedge Fund Terminology
3(6)
THE SCOOP
9(48)
Why Hedge Funds are Different
11(14)
Distinguishing Characteristics
11(6)
Hedge Funds vs. Mutual Funds
17(8)
Hedge Funds 101
25(8)
History of Hedge Funds
25(2)
Structure of Hedge Funds
27(1)
Who Invests in Hedge Funds?
28(2)
Marketing and Hedge Funds
30(1)
How Hedge Fund Managers Make Money
31(2)
Hedge Fund Strategies
33(16)
Valuation Process
33(1)
Fixed Income Arbitrage
34(1)
Convertible Arbitrage
35(1)
Statistical Arbitrage
36(1)
Equity Market Neutral
37(1)
Long/Short Equity
38(1)
Distressed Securities (High Yield)
39(1)
Commodities
39(1)
Currencies
40(1)
Private Equity
40(1)
Real Estate
41(1)
Event-Driven
41(1)
Sector
42(1)
Global Macro
42(1)
Short Selling
43(1)
Emerging Markets
44(1)
Merger Arbitrage
44(1)
Value-Driven
45(1)
Multi-Strategy
46(1)
Fund of Hedge Funds
46(3)
Headliners and Legends: Major Hedge Funds
49(8)
Long-Term Capital Management
49(3)
Amaranth and the Natural Gas Bubble
52(1)
Major Hedge Funds
53(1)
Research & Rankings -- 2006
54(3)
GETTING HIRED
57(30)
Hedge Fund Job Search Basics
59(12)
Questions to Ask Yourself
59(3)
Researching Hedge Funds
62(3)
From College to a Hedge Fund
65(3)
Hedge fund Opportunities for Recent MBA grads
68(1)
Mid-career Transitioning to a Career in Hedge Funds
69(2)
Interview Questions
71(16)
Behavioral Interview Questions
71(3)
Hedge Fund Knowledge Interview Questions
74(2)
Operations Questions
76(1)
Accounting Questions
77(1)
Trading Questions
78(2)
Risk Management Questions
80(1)
Investor Relations Questions
81(1)
Other Kinds of Questions
82(5)
ON THE JOB
87(54)
Overview of Hedge Fund Departments
87(6)
Overview of Hedge Fund Departments
88(1)
Hedge Fund Culture
88(5)
Portfolio Management
93(6)
Leading a Specific Fund Strategy
93(1)
Portfolio Management
94(1)
Managing the Overall Hedge Fund
94(1)
Compensation and Individual Investment
95(4)
Research
99(6)
Research Associate/Analysts
99(1)
Research Fundamentals
100(2)
Career Path and Compensation
102(3)
Operations
105(8)
Operations Associate
105(5)
Director of Operations
110(3)
Accounting
113(6)
Accountant
113(3)
CFO
116(3)
Trading
119(6)
Junior Trader
119(3)
Head Trader
122(3)
Risk Management
125(6)
Risk Associate
125(4)
Risk Manager
129(2)
Invester Relations
131(4)
Prime Brokerage
135(6)
Relationship Manager
136(5)
FINAL ANALYSIS
141(6)
APPENDIX
147
Recommended Reading
149(2)
Web Resources
151(1)
Self-Reported Profiles of Top Hedge Funds
152(32)
Top Hedge Funds Organized by Specialty
184(3)
Top 20 Moneymakers, 2006
187(1)
Associations/News & Research Links
188(2)
Glossary
190(13)
About the Authors
203





Made available by Baker & Taylor, Copyright 2006.