Reading 33
Hedge Fund Strategies
4 modules 44 min
0/4
Exam Focus
This reading describes some of the most important categories of hedge fund strategies, examines their investment characteristics, and explains how these strategies are implemented. Understand the investment characteristics and implementation approach for six major hedge fund strategy categories. Be able to interpret the model for understanding the risk exposures of each of these strategies.
Modules
- Module 33.1Overview of Hedge Fund StrategiesDiscuss how hedge fund strategies may be classified.2 min · 1 LOS
- Module 33.2Equity, Event Driven, and Relative Value StrategiesDiscuss investment characteristics, strategy implementation, and role in a portfolio of equity related hedge fund strategies. · Discuss investment characteristics, strategy implementation, and role in a portfolio of event driven hedge fund strategies. · Discuss investment characteristics, strategy implementation, and role in a portfolio of relative value hedge fund strategies.16 min · 3 LOS
- Module 33.3Opportunistic, Specialist, and Multi Manager StrategiesDiscuss investment characteristics, strategy implementation, and role in a portfolio of opportunistic hedge fund strategies. · Discuss investment characteristics, strategy implementation, and role in a portfolio of specialist hedge fund strategies. · Discuss investment characteristics, strategy implementation, and role in a portfolio of multi manager hedge fund strategies.20 min · 3 LOS
- Module 33.4Factor Models and Portfolio Impact of Hedge FundsDescribe how factor models may be used to understand hedge fund risk exposures. · Evaluate the impact of an allocation to a hedge fund strategy in a traditional investment portfolio.6 min · 2 LOS