Introduction to Hedge Funds

Overview:

Why are these Investment vehicles called ‘Hedge’ Funds when the great majority of them are not truly ‘Hedged’ at all? Thanks to the multiple barriers to entry, these seemingly ‘exotic’ Funds have always been out of reach to all but those with the deepest pockets. Consequently, the understanding of them outside a very narrow community has been sparse. This course will unlock some of the mysteries.

Why you should Attend:

The (relatively small) Hedge Fund community has the dubious honour of attracting disproportionately high levels of publicity in the Financial press (typically revolving around spectacular remuneration numbers). 

This can partly be explained by an ongoing lack of understanding of what the Managers are actually doing on behalf of their investors. 

Fear of the unknown typically leads to skepticism & avoidance, leaving the wider Investor community none-the-wiser.

Areas Covered in the Session:

• Hedge Funds defined. Lock-ups, Gates, Hurdle Rates, Side Pockets, Domiciles
• Performance Fees & High Water Marks
• Understanding Gross Notional Exposure
• External Relationships - Prime Brokerage, Custodians, Fund Administrators
• Who exactly invests in Hedge Funds & why?
• The non-correlated Asset Class, Survivorship Bias, Drawdown
• What really puts off Investors?
• Risk Management for Hedge Funds

Who Will Benefit:

• Middle & Back Office Professionals from Exchanges
• Regulators
• Asset Managers
• FinTechs
• Fund Administrators
• Investment Banks
• Wealth Managers
• Custodians
• Clearing Houses