"Alan Dorsey has
written a compelling book for those seeking to untangle the mysterious world of hedge
funds and fund of funds. His no nonsense style helps chart a course for investors or
prospective investors in this rapidly growing field."
Arthur Levitt, Former
Chairman, United States Securities and Exchange Commission
This user-friendly guide
helps you:
- understand the portfolio
advantages of funds of funds,
- learn about the marketplace
and its participants and
- recognize the critical steps
to evaluate the merits and risks in managers.
Includes in-depth analysis on:
- hedge fund evaluation
- portfolio construction
- due diligence
- monitoring
- performance attribution
- benchmarking
Includes a full glossary.
About the author
Alan Dorsey is Managing
Director and Director of Hedge Fund Investments and Research for CRA RogersCasey, a
pension consulting firm based in Darien, Connecticut. Additionally, he has oversight
responsibility for all alternative investments at CRA RogersCasey as Director of
Non-Traditional Investments, including hedge funds, private equity, and real estate.
For more than 35 years, CRA
RogersCasey has been providing investment advice to institutional investors, including
corporations, public retirement systems, endowments, foundations, insurance companies,
high net worth individuals, and Taft-Hartley plans. It is one of the largest investment
consulting firms in the United States. The firm has built a strong reputation for
delivering objective, unbiased investment advice and has become an industry leader in
understanding and controlling investment risk.
Prior to joining CRA
RogersCasey in 2002, Alan was Managing Director, Director of Research, at Bryant Park
Capital, Inc. and its predecessor companies. He was also Chief Investment Officer of their
hedge fund. Prior to that, Alan was a Vice-President with Dillon Read & Co., Inc.,
where he was involved with special situations research, LBO, IPO, and general corporate
finance assignments. Alan began his career as a securities analyst at Argus Research
Corporation, a U.S.-based equity research and investment management firm founded by his
grandfather.
Alan graduated with a B.A.
in Economics from Wesleyan University in Connecticut, where he is a current member of the
Investment Committee and a past Trustee. He is a holder of the Chartered Financial Analyst
(CFA) designation and a past NASD licensed Series 7 and 63 Registered Representative.
160 pages