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Investor's Passport to Hedge Fund Profits: Unique Investment Strategies for Today's Global Capital Markets

Book Description

A comprehensive guide to international investing

Opportunities to tap into foreign markets and, in turn, entirely new investment universes-that have traditionally been accessible only to hedge fund managers-are at hand, and this book offers you the straight story on how to look abroad for the next addition to your portfolio.

Throughout these pages, the authors skillfully demonstrate how active, cutting-edge trading strategies used in domestic markets can be applied effectively overseas. Opening with discussions of the importance of international investing in today's turbulent markets, this reliable resource quickly moves on to examine the macro relationships between the different asset classes within a given country and shows you how to view those asset classes-stocks, bonds, currencies, and commodities-as a complete picture of what is happening in the investing world.

  • Addresses the application of strategies to international portfolio development and management

  • Clearly defines different financial markets and reveals how they can best be accessed and traded

  • Features information on currency trading and investing in foreign real estate as well as insights on swaps, futures trading, and risk management

Table of Contents

  1. Title Page
  2. Copyright Page
  3. Dedication
  4. Introduction
    1. A FEW FINAL, RANDOM THOUGHTS BEFORE WE BEGIN . . .
  5. CHAPTER 1 - Opportunities Away from the Land of Opportunity
    1. GOING GLOBAL WITH YOUR INVESTMENTS
    2. GLOBAL INVESTING IS MORE THAN A FAD
  6. CHAPTER 2 - Accurately Reading the World’s Economies An Intermarket Primer
    1. ASSET CLASSES
    2. THE IRREGULAR ECONOMY EXCEPTION
    3. EVERYONE ELSE—THE “NORMAL” ECONOMIES
    4. A FEW TAKEAWAYS
    5. RESOURCES
  7. CHAPTER 3 - The Tools in Your Equity Toolbox
    1. U.S. MULTINATIONALS
    2. EXCHANGE-LISTED AMERICAN DEPOSITARY RECEIPTS
    3. FOREIGN ORDINARIES AND ADRs ON THE OTC
    4. COLLECTIVE INVESTMENTS
    5. INTERNATIONAL INVESTING FROM U.S.-BASED BROKERAGE PLATFORMS
    6. SETTING UP ACCOUNTS IN FOREIGN COUNTRIES
  8. CHAPTER 4 - Key Strategies for Realizing Winning Returns in Foreign Equities
    1. THE GLOBAL ECONOMY
    2. COUNTRY ANALYSIS
    3. TECHNICAL ANALYSIS—COUNTRIES
    4. FUNDAMENTAL INDUSTRY ANALYSIS
    5. TECHNICAL INDUSTRY ANALYSIS
    6. COMPANY ANALYSIS
  9. CHAPTER 5 - Global Fixed-Income Investment Concepts
    1. WHAT MAKES GLOBAL BONDS THE PERFECT HEDGE FUND INVESTMENT?
    2. DETERMINING THE PURPOSE OF YOUR FOREIGN BOND COMPONENT
    3. CURRENCY MANAGEMENT
    4. FORMULATING A PORTFOLIO MANAGEMENT CONSTRUCT
    5. BOND MANAGEMENT STYLES
    6. IN SEARCH OF EXCESS RETURNS
  10. CHAPTER 6 - Making the Buck in Currency Trading
    1. FOREX BACKGROUND
    2. RISKS
    3. UNIQUE GLOBAL RISKS TO CURRENCIES
    4. GENERAL TERMINOLOGY/TYPES OF TRADERS
    5. THE LEXICON OF CURRENCY TRADING
    6. CHOOSING A BROKER
    7. TRENDLINES AND CHANNELS
    8. PRICE PATTERNS—HEAD AND SHOULDERS, TRIANGLES, DOUBLE-TOPS, AND DOUBLE-BOTTOMS, CUP-AND-HANDLE
    9. CONFIRMATORY INDICATORS—MACDs, MOVING AVERAGES, FIBONACCI
    10. THE DRILLDOWN APPROACH
  11. CHAPTER 7 - Accessing Foreign Real Estate
    1. CURRENCY AND TAX IMPLICATIONS
    2. GLOBAL REAL ESTATE INVESTMENT MECHANISMS
    3. LIMITED PARTNERSHIPS AND PRIVATE PLACEMENTS
    4. DIRECT PURCHASE OF REAL ESTATE
    5. TRANSACTIONAL CONSIDERATIONS
    6. SAMPLE COUNTRIES IN WHICH TO TARGET YOUR ACQUISITIONS
  12. CHAPTER 8 - Derivative Use for Offense and Defense
    1. OPTIONS
    2. PRIMARY STRATEGIES
    3. PORTFOLIO INSURANCE
    4. FUTURES
    5. WHAT TO TRADE AND WHERE
    6. PRACTICAL APPLICATION OF FUTURES USE IN YOUR HEDGE FUND
  13. CHAPTER 9 - Portfolio Management Applications
    1. RISK
    2. MEASURING RISK
    3. ASSET ALLOCATION
    4. PERFORMANCE EVALUATION
  14. Index