User:Avandalen

Strategy classification improved

I have worked on the strategy classification. The strategy classification is very important to understand hedge funds and to work with them but it is was far from complete. Therefore I have extended the number of strategies. Unfortunately different names are commonly used for the same hedge fund strategies and it is very important to know about these different names. For instance CTA is also known as managed futures. When different names exist, these are put between brackets. It was a challenge to describe the strategies with a short and sweet one line strategy description that focus to the real essence of the strategy. Some new strategies comes from the new HFRI indices classifications

The strategy classification has become a separate chapter and the old chapter is renamed to characteristics

These things are changed:
The long / short equity strategy is a strategy and fall into the directional group.
Risk arbitrage is the same as merger arbitrage.
Derivative arbitrage is a style not commonly used in the hedge fund industry and therefore left out.
Some strategy descriptions could be improved.

Here we use a classification based on the investment style what is common.
Macro is treated as a separate style which is common.

Please do not hesitate to react when there is a problem with the new classification.--avandalen 20:54, 4 March 2008 (UTC)http://en.wikipedia.org/wiki/User:Avandalen