This module reviews the key characteristics of hedge funds including the flexibility of managers in making investments compared with traditional long-only managers. It looks at the main strategies used by hedge fund managers including directional, event driven and relative value strategies. There is then a review of the vehicles available to individual investors who wish to invest, including UCITS-compliant funds and funds of hedge funds.
The module concludes by considering the issues surrounding investing in hedge funds and the advantages and disadvantages of including them in a client portfolio.
By the end of this module you will understand:
- What differentiates a hedge fund from other funds
- The strategies employed by hedge funds
- How UCITS compliant funds can offer absolute return strategies
- The advantages and disadvantages of investing in funds of hedge funds
- The impact of including hedge funds in portfolios
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date