Publication

2001-11-12 - Cambridge University Press

Language

English

Word Count

60,000 words, Guess

Page Count

240 pages

Physical Format

Hardcover

Identifiers

and 6 more

Classifications

  • LCCHG5702.5 .D4 2001
  • LCCHG5702.5 .D4 2001eb

Description

Hedge funds are among the most innovative and controversial of financial market institutions. Largely exempt from regulation and shrouded in secrecy, they are credited as having improved efficiency and add liquidity to financial markets, but also having severely destabilised markets following the the Asian Financial Crisis and the near collapse of Long-Term Capital Management. De Brouwer presents a nuanced and balanced account to what is becoming an increasingly politicised and hysterical discussion of the subject. Part I explains the workings of hedge funds. Part II focuses on the activities of macro hedge funds and proprietary trading desks in East Asia in 1997 and 1998, with case study material from Hong Kong, Indonesia, Malaysia, Singapore, Australia and New Zealand. Part III of the book looks at the future of hedge funds, their role for institutional investors, and policy proposals to limit their destabilising effects.

First Sentence

Hedge funds are private collective investment vehicles for the very rich and, more recently, entities like university endowments, pension funds and insurance companies.

Subjects

Other Editions

  • Hedge Funds in Emerging MarketsHardcoverCambridge University Press2001-11-12

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