Alternative investment operations : hedge funds, private equity, and fund of funds

Alternative investment operations : hedge funds, private equity, and fund of funds / Jason Scharfman.

Alternative investments such as hedge funds, private equity, and fund of funds continue to be of strong interest among the investment community. As these investment strategies have become increasingly complex, fund managers have continued to devote more time and resources towards developing best pra...

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Bibliographic Details
Main Author: Scharfman, Jason A., 1978- (Author)
Format: eBook
Language:English
Published: Cham, Switzerland : Palgrave Macmillan, [2020]
Subjects:
Investments.
Hedge funds.
Private equity.
Hedge funds
Investments
Private equity
Online Access:Click for online access
Table of Contents:
  • Intro
  • Preface
  • Contents
  • List of Figures
  • List of Tables
  • 1: Introduction to Alternative Investment Operations
  • Introduction
  • Classifying Fund Manager Activities
  • Comparing Investment and Operational Functions
  • Operations Role in Facilitating Investment Procedures
  • Dependency of the Investment Function on the Operational Functions
  • What Is Unique About Alternative Investments Operations?
  • Different Alternative Investment Strategies Merit Specific Operational Practices
  • Operational Risk Management: Trading Operations and Compliance Example
  • Chapter Summary
  • 2: Trade Operations: Execution, Settlement and Reconciliation
  • Introduction to Trade Operations
  • What Is Being Traded
  • Trade Idea Generation
  • Trading Strategy Compared to Trade Idea Generation
  • Trade Implementation
  • Order Entry
  • Pre-Trade Blotters
  • Electronic Versus Physical Pre-Trade Blotters
  • Pre-Trade Compliance Checks
  • Trade Execution
  • Trade Give-Ups
  • Trade Confirmation
  • Trade Clearing
  • Trade Settlement
  • Trade Reconciliation
  • Trade Allocation
  • Human and Computer Trading
  • Chapter Summary
  • 3: Cash Management, Oversight and Movement
  • Introduction to Cash Usage in Alternative Investments
  • Four Primary Categories of Cash
  • Cash Storage Locations
  • Master-Feeder Structure
  • Cash Accounts for Different Funds
  • Cash for Expenses
  • Expense Policies
  • Cash Movement for Expenses
  • Cash To Facilitate Trading
  • Cash Sweeping Frequency
  • Cash To and From Investors
  • Unencumbered Cash
  • Cash Controls
  • Cash Initiators and Approvers
  • Single Initiator Approver Model
  • Cash Threshold Model
  • Different Initiator Approver With No Threshold Model
  • Chapter Summary
  • 4: Compliance Operations and Governance Considerations
  • Introduction to Compliance Operations and Governance Considerations
  • Mandatory Compliance
  • Sources of Mandatory Compliance Rules
  • Voluntary Compliance
  • Regulatory Guidance
  • Self-Imposed Obligations
  • Operational Compliance
  • Alternative Investment Governance Considerations
  • Chief Compliance Officer Models
  • Chief Compliance Officer Duties
  • Common Compliance Documents
  • Common Compliance Policies
  • Chapter Summary
  • 5: The Role of Service Providers in Alternative Investment Operations
  • Introduction to Alternative Investment Service Providers
  • Fund Administrators
  • Conflict of Interest Considerations
  • Role in Valuation
  • Valuation Consultants
  • Compliance Consultant
  • Personal Trading Program Oversight
  • Electronic Communication Monitoring Oversight
  • Mock Audits
  • Other Services
  • Legal Counsel
  • Accountants and Auditors
  • Custodian
  • Other Service Providers
  • Chapter Summary
  • 6: Information Technology Operations
  • Introduction to the Role of Technology in Operations
  • Information Security Policy
  • Information Technology Consultants
  • Data Rooms
  • Cybersecurity
  • Penetration Testing
  • Software Patches
  • Vendor Cybersecurity Analysis
  • Introduction to alternative investment operations
  • Trade operations: execution, settlement and reconciliation
  • Cash management, oversight and movement
  • Compliance operations and governance considerations
  • The role of service providers in alternative investment operations
  • Information technology operations
  • Additional operational functions and tasks
  • Private equity operations
  • Fund of funds operations
  • Documenting and analyzing fund operations
  • Ongoing operations management, training, surveillance and testing
  • Analysis of fund operations and future trends.

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