EduMarkets Hedge Funds
The hedge funds module covers how modern multi-manager platforms are structured. It works through the pod structure that defines who manages what, the strategy taxonomy across the industry, prime brokerage relationships, the drawdown limits that determine how long a portfolio manager operates, execution and transaction cost analysis, and the central risk function. These are the mechanics behind the firms that have grown to dominate a large share of the industry over the past decade.
Handbook chapters
- What Is a Hedge Fund
- What Is a Multi-Manager Fund
- What a Pod Actually Is
- Where the Pod Sits in the Firm
- Capital Allocation Mechanics
- Beta Neutrality and Portfolio Construction
- Platform-Level Exposure and Crowding
- The Prime Brokerage Relationship
- Operational Due Diligence
- Redemption Terms
- Module Overview
Tools and exercises
- HF Strategies
- Pod Structure
- Drawdown & Risk Limits
- Central Risk
- Prime Brokerage
- Execution & TCA
- Performance Measurement
- Exercises