A well-rounded hedge fund guide for the serious financialprofessionalAlternative investment strategies-hedge funds in particular-haveexperienced a significant resurgence recently, largely in responseto the dramatic downturn of the global equity markets. In responseto this explosion in popularity, this book focuses on many of thebest moneymaking strategies related to these alternative investmentvehicles.IMCA (The Investment Management Consultants Association) is aprofessional association established in 1985, representing theinvestment consulting profession in the U.S. and Canada. Kenneth S.Phillips is a member of the IMCA Advisory Council and ManagingPrincipal of Capital Partners, LLC. Ron Surz, CIMA, is a member ofthe IMCA Board of Directors and the President of PPCA Inc.

PREFACE.ACKNOWLEDGMENTS.CHAPTER 1: Hedge Funds: Overview and Regulatory Landscape (TheManaged Fund Association).CHAPTER 2: Alpha-Generating Strategies (Thomas Schneeweis andRichard Spurgin).CHAPTER 3: Funds of Hedge Funds: Definitive Overview ofStrategies and Techniques (Thomas Zucosky).CHAPTER 4: Investing in Hedged Equity Funds (Brian A. Wolf,CFA).CHAPTER 5: Arbitrage (Alfredo M. Viegas).CHAPTER 6: Global Macro Funds (Gary Hirst).CHAPTER 7: Managed Futures (Frank Pusateri).CHAPTER 8: Manager Searches and Performance Measurement(Meredith A. Jones and Milton Baehr).CHAPTER 9: Risk Management for Hedge Funds and Funds of Funds(Leslie Rahl).CHAPTER 10: Structured Products--Then and Now (John Kellyand Kirt Strawn, CFA, CIMA).APPENDIX A: The Hedge Fund Difference (Todd Goldman).APPENDIX B: Some Helpful Links.APPENDIX C: Value at Risk and Probability of Loss.RESOURCES.GLOSSARY OF TERMS.CONTRIBUTORS.INDEX.