Handbook of Hedge Funds

The fully updated practitioner and academic reference for today's hedge fund industry Now in its Second Edition, Handbook of Hedge Funds delivers a thorough overhaul of the original volume to reflect an industry fundamentally reshaped by the global financial crisis, massive asset growth, institutionalization, and far-reaching regulation. François-Serge Lhabitant, CEO and CIO of Kedge Capital and Professor of Finance at the Hong Kong University of Science and Technology, draws on 25 years of practitioner and academic experience. This updated edition incorporates post-crisis market dynamics, modern risk management practices, and new strategies including quantitative market neutral, crypto, multi-strategy platforms, and commodities. It covers China-based and ESG-focused hedge funds, synthesizes 20 years of academic research, and addresses regulations such as Dodd-Frank, AIFMD, and SFDR. A companion website provides teaching materials including slides, exercises, and solutions. Readers will also find: Updated data, examples, and analysis reflecting how hedge funds actually operate, are structured, and are regulated todayReal trade examples and operational insights drawn from managing a multi-billion-dollar portfolio invested in hedge fund strategiesCoverage of new geographies and investor types, including sovereign wealth funds, large pension funds, endowments, and family officesRigorous analysis paired with practical relevance, making the book equally effective as a professional reference and university textbookDiscussion of emerging areas such as ESG integration, crypto-related strategies, and the rise of China-based hedge fundsHandbook of Hedge Funds serves finance practitioners, institutional investors, consultants, lawyers, and accountants who need a current understanding of hedge fund operations and strategies. It also functions as a core textbook for university hedge fund courses and a reference for students pursuing careers in the industry.