A study of the hedge fund industry: an overview of the Asian-Pacific region.

by Kam Tsz-Chung, Narayanan Kamakodi.Thesis (M.B.A.)--Chinese University of Hong Kong, 2000.Includes bibliographical references (leaves 45-46).ABSTRACT --- p.iiTABLE OF CONTENTS --- p.iiiACKNOWLEDGEMENT --- p.ivChapterChapter I. --- INTRODUCTION --- p.1Asian Crisis 1997 --- p.1Project Objectives --- p.2Report Structure --- p.2Methodology --- p.3Chapter II. --- ESSENTIALS OF HEDGE FUNDS --- p.4What is a Hedge Fund? --- p.4Common Characteristics of Hedge Funds --- p.5Comparison of Hedge Funds and Traditional Investment Tools --- p.7Popular Misunderstanding --- p.7Eight Investment Styles --- p.8Fund Structures --- p.12Fees --- p.13The Rule of Game --- p.13Risk Hedging Mechanism by Hedge Fund --- p.14Difference Between Hedge Fund and Mutual Fund --- p.14Chapter III. --- HEDGE FUND INDUSTRY --- p.16Evolution of Hedge Funds --- p.16"Number, Size, and Location of Hedge Funds" --- p.16Recent Performance --- p.17Closing Down of Tiger Management LLC --- p.18Supervision and Regulation --- p.18Hedge Fund Managers --- p.21Hedge Fund Institutions --- p.21Chapter IV. --- LITERATURE REVIEW --- p.22Returns of Hedge Funds --- p.22Chapter V. --- CASE STUDY ON A FAMOUS HEDGE FUND --- p.24Long-Term Capital Management --- p.24Chapter VI. --- PERSPECTIVES IN ASIAN-PACIFIC REGION --- p.28A Survey on Hedge Funds --- p.28An Interview with a Hedge Fund Manager in Hong Kong --- p.31An Interview with a Fund Manager in Hong Kong --- p.33An Interview with the Financial Secretary of HKSAR Government --- p.36Chapter VII. --- RECOMMENDATION AND CONCLUSION --- p.37General Roles of Hedge Funds in the Financial Market --- p.37Specific Roles of Hedge Funds in Asian-Pacific Region --- p.38Conclusion --- p.38Recommendation --- p.39APPENDIX --- p.41BIBLIOGRAPHY --- p.4