Abstract
A brief history of hedge funds will provide a perspective to the issues discussed in this chapter. The first hedge fund was formed in 1949, by Alfred Winslow Jones who invested his own money and other assets in his dealings. Jones employed several of the current hedge fund features, such as:
-
leverage;
-
performance fees; and
-
long/short strategies.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
D.N. Chorafas Reliable Financial Reporting and Internal Control: A Global Implementation Guide, John Wiley, New York, 2000.
Crédit Swiss Private Banking, ‘Global Investor’, Zurich, July 2002.
D.N. Chorafas Managing Risk in the New Economy, New York Institute of Finance, New York, 2001.
G. Soros Soros on Soros, Wiley, New York, 1995.
Merrill Lynch ‘Euroland Economics’ Report, 6 June 2002.
Merrill Lynch ‘Japan Macro Analysis’, 6 June 2002.
D.N. Chorafas New Regulation of the Financial Industry, Macmillan, London, 2000.
Copyright information
© 2003 Dimitris N. Chorafas
About this chapter
Cite this chapter
Chorafas, D.N. (2003). Hedge Funds, Multimanagers, and the Macromarkets. In: Alternative Investments and the Mismanagement of Risk. Palgrave Macmillan, London. https://doi.org/10.1057/9780230508941_5
Download citation
DOI: https://doi.org/10.1057/9780230508941_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51026-9
Online ISBN: 978-0-230-50894-1
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)