Hedge Fund Modeling and Analysis Using Excel and VBA
“Most institutional investors have diversified allocations that span a variety of asset classes, but some level of implicit equity exposure lurks in virtually every asset. This book is an essential read for those who wish to understand the modern world of hedge fund investing.”—Dr Momtchil Pojarliev, Director and Senior Portfolio Manager, Hathersage Capital Management LLC"Hedge fund modelling and analysis by Darbyshire and Hampton is a comprehensive and highly-readable guide to the world of hedge funds. The book covers not just the questions of fund structure and organisation, but also the important questions of performance measurement and analysis. It also covers the quantification of risk and provides the Excel/VBA tools needed to do this. It is the book to read if you want to run or analyse a hedge fund."—Dr. Dominic O'Kane, Affiliated Professor of Finance, EDHEC Business School“This book provides a valuable new perspective on hedge funds. It treats them both as investment vehicles as well as an asset class. This dual viewpoint allows the reader to understand both the operational aspects of hedge funds as well as how to model the major hedge fund indices. The modeling framework is clearly outlined and shows the reader how to construct portfolios of these indices. It will be of interest to anyone investing or interested in investing in hedge funds.”—DrDevraj Basu, Associate Professor of Finance, SKEMA Business School