FRM Handbook Ch 30: Hedge Fund Risk Management (Hedge Fund Industry and Market Risks)
Book: Financial Risk Manager Handbook Plus Test Bank
Author: Philippe Jorion
ISBN: 978-0-470-90401-5
Hedge funds are the wild cousins of mutual funds. Chapter 30’s first half explains what they are, how big the industry got, and why risk management tools from bank trading desks migrated to Greenwich and Mayfair.