Ten Strategies That Hedge Funds Use to Generate Alpha скачать в хорошем качестве

Ten Strategies That Hedge Funds Use to Generate Alpha

Hedge funds generate alpha through a diverse set of practitioner-driven strategies that focus on structure, risk control, and execution rather than market prediction. Long/short equity strategies profit from selecting relative winners and losers while dampening overall market exposure. Market-neutral and statistical arbitrage strategies aim to extract returns from relative mispricing and mean reversion with minimal beta risk. Global macro funds capitalize on large-scale economic, policy, and geopolitical shifts across asset classes, often using leverage. Event-driven strategies earn returns by pricing deal risk and timing around mergers, restructurings, and special situations. Distressed and credit strategies seek deeply discounted assets and profit from recoveries through legal, restructuring, and capital-structure expertise. Quantitative and systematic strategies exploit persistent statistical patterns such as momentum, value, and volatility at scale and speed. Volatility trading strategies monetize differences between implied and realized volatility, tail risk, and skew through options and derivatives. Relative value fixed income strategies capture spread convergence across bonds, curves, and credit instruments, frequently with leverage. Ultimately, much hedge fund alpha comes not from forecasting markets, but from structural advantages like access, optionality, disciplined risk management, and dynamic capital allocation across strategies.