FOLITIC / Hedge Funds

Hedge Funds Investment Guide

Understand hedge fund structures, investigate strategies and fees, and build a disciplined manager research process. Follow eight stages from investor access and portfolio mechanics to due diligence and ongoing review.

Start with What a hedge fund is and what it is not, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.

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Macro Credit and Relative Value · All lessons

Macro Credit and Relative Value

Study global markets, systematic trading and relationships between securities.

Intermediate

Global macro and discretionary portfolio views

Global macro strategies express views on economic relationships through currencies, interest rates, bonds, equities or commodities. A correct narrative still needs a sound implementation.

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Intermediate

Managed futures and systematic trend following

Systematic trend following uses defined signals to adjust market exposure. It does not need to predict the next economic announcement, but it remains exposed to market...

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Intermediate

Relative value trades and convertible arbitrage

Relative value strategies trade the relationship between instruments. A small pricing difference can become a large portfolio risk when leverage, financing and imperfect hedges are involved.

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Intermediate

Credit strategies, distressed debt and capital structure

Credit strategies examine repayment, priority and recovery. A low bond price can indicate opportunity, but it can also reflect a claim that will receive little or...

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