Research and Markets: Managing Hedge Fund Risk and Financing: Adapting to a New Era

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DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/351942/managing_hedge_fun) has announced the addition of John Wiley and Sons Ltd's new book "Managing Hedge Fund Risk and Financing: Adapting to a New Era" to their extensive offering of financial market publications.

Hedge funds experienced a new challenge during the recent financial crisis: the simultaneous collapse of major financial institutions that were their trading counterparties and service providers; fundamental and systemic increases in market volatility and illiquidity which led to mark to market losses and increased demands for margin from their creditors; and lastly unrelenting demands from investors to redeem their hedge fund investments. Many hedge funds were unprepared for the maelstrom that engulfed them and many have failed or been forced to close due to resulting poor performance.

This book encapsulates the lessons learned from the recent crisis and advises hedge fund managers and CFOs how to manage the risk of their investment strategies and structure relationships to best insulate their firms and investors from failure of financial counterparties so that their funds can remain free to take full advantage of opportunities presented by financial crises.

Risk management and maintaining funding liquidity are critical to differentiating a funds performance in a crisis. Avoidance of losses in the funds investment portfolio via effective risk management is only part of the solution. Having the ability to maintain or increase leverage and liquidity due to having negotiated binding lock ups and committed facilities with your prime brokers, and matching portfolio liquidity with potential investors' redemption demands are both critical to opportunistically profiting from a crisis.

Reviews:

Written by a seasoned risk professional, David Belmont's new book contains a wealth of insights on how hedge fund risk ought to be managed. The clear and direct writing style makes even complex and arcane issues easy to understand. This book should be of interest to hedge fund managers and investors alike. Sung Cheng Chih, Chief Risk Officer, Government of Singapore Investment Corp. (GIC)

Hedge fund managers, administrators, prime brokers and those with risk oversight will find this book informative. It is a practical and implementable guide for risk management and oversight of hedge fund risks and financing with a detailed discussion on liquidity and funding risk management. Timothy M. Curran, CFA, Managing Director, Citigroup Risk Management

Author:

David Belmont has over 19 years of buy side and sell side risk management experience gained as a Chief Risk Officer, hedge fund risk manager, hedge fund investor, and a hedge fund lender. David is currently the Chief Risk Officer for Commonfund, a manager of US$27 billion of long term client assets across hedge funds, private equity, real estate, commodities, fixed income and equities. David's sell side experience comes from his recent role as Global Head of Hedge Fund Risk Credit at UBS Investment Bank and as Head of Risk Management for UBS Prime Brokerage in the Americas. He holds Master of Business Administration and Master of Science degrees from Yale University and is a Chartered Financial Analyst.

For more information visit http://www.researchandmarkets.com/research/351942/managing_hedge_fun