Fund of Hedge Funds Book by Felix Miebs - Bookswagon
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Fund of Hedge Funds

Fund of Hedge Funds


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About the Book

Studienarbeit aus dem Jahr 2006 im Fachbereich BWL - Bank, Börse, Versicherung, Note: 1,3, Johann Wolfgang Goethe-Universität Frankfurt am Main, Sprache: Deutsch, Abstract: Hedgefonds haben in den letzten Jahren stark an Bedeutung an den internationalen Kapitalmärkten gewonnen und haben nicht zuletzt dadurch dafür gesorgt, dass ihnen in der öffentlichen Diskussion der Kapitalmärkte als auch in der akademischen Literatur großes Interesse gewidmet wird. Die vorliegende Arbeit beschäftigt sich mit Fund of Hedge Funds, die als Dachhedgefonds zu verstehen sind. Dabei werden zunächst Grundsätzlichkeiten, die mit einem Hedgefonds Investment zusammenhängen, sowie die Stellung von Dachhedgefonds im Hedgefonds Universum dargestellt. Dabei wird insbesondere auf die Datenproblematik und die für Hedgefonds üblichen Zeitreihenspezifika eingegangen. Zudem wird die Vorteilhaftigkeit eines Dachhedgefondsinvestments trotz der oftmals bemängelten doppelten Gebührenstruktur anhand modelltheoretischer Überlegungen aufgezeigt. Dem schließt sich eine Übersicht gängiger Bewertungsmethoden von Hedgfonds an, die im Wesentlichen auf Faktor- und Faktorenmodellen beruhen. Abschließend wird auf die Problematik der Portfoliobildung, bzw. Portfoliooptimierung auf Dachhedgefondsebene eingegangen. Ausgangspunkt dafür bildet die moderne Portfoliotheorie, deren Schwächen insbesondere hinsichtlich der Zeitreihenspezifika von Hedgefonds aufgezeigt werden. Darauf aufbauend werden verschiedene, weiterreichendere quantitative Techniken und Ansätze zur Portfoliooptimierung in den Mittelpunkt gestellt. Es wird somit eine Rundum Betrachtung von Dachhedgfonds aus Investoren-, als auch aus Managersicht geboten und bietet dem Leser somit eine prägnante Einführung in die Thematik.


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Product Details
  • ISBN-13: 9783638675239
  • Publisher: Grin Verlag
  • Publisher Imprint: Grin Verlag
  • Height: 297 mm
  • No of Pages: 80
  • Series Title: German
  • Weight: 263 gr
  • ISBN-10: 3638675238
  • Publisher Date: 10 Aug 2007
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 4 mm
  • Width: 210 mm


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