Business Knowledge for IT in Hedge Funds
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It is well documented that despite the recent setback due to the subprime crisis, hedge funds are becoming part of the mainstream of the financial services industry. The business model of hedge funds ensure that for the players that get their strategies right there are vast sums of money to be made; the kind of money that only a few mortals can dream of in their lifetime.
The influence of hedge fund managers is so profound that a part of New York is now known as "Hedgistan". And, it goes without saying that IT professionals who aspire to work alongside these masters of the universe need to understand what the business of hedge funds is all about.
This book provides the business knowledge that is required. It opens with the description of the hedge fund industry and the strategies pursued by hedge fund managers. This aspect of the hedge fund business is very comprehensive and the authors clearly explain complex concepts such as arbitrage and shorting.
The most interesting section describes how hedge fund businesses are built. The authors include two interesting case studies; one describing the launch of a Maritime Hedge fund and the other describing the launch of an Eastern European Hedge fund.
Also included are chapters on trading systems and the use of derivatives in the hedge fund industry. The story of the spectacular collapse of Long Term Capital Management (LTCM) and how the US Federal Reserve came to its rescue to minimise the damage on the global financial system is included in the latter.
The concluding chapter provides a glimpse into the future of the hedge fund industry for IT and Business. The appendix describes the Hedge fund skills market and estimates of salary packages that hedge funds offer to the appropriately-skilled candidates.
A career in hedge fund IT provides one of the best opportunities to work with the brightest and best in the financial services industry. Business Knowledge for IT in Hedge Funds provides a platform that helps to make this happen.
The contributors to this book include: Dr Mark Mobius of Templeton Asset Management, Dermot Butler of Custom House Services, Flex Trader, Finanalytica, Advent Software, Sophis, Beauchamp (Linedata) and more. It is targeted at IT professionals such as: Project Managers; Application Developers; Development Managers; Test Managers; Business Analysts; Data Analysts; Systems Analysts; Test Analysts; Support Analysts; Database Administrators; and, HR staff responsible for IT recruitment.
This book provides the business knowledge that is required. It opens with the description of the hedge fund industry and the strategies pursued by hedge fund managers. This aspect of the hedge fund business is very comprehensive and the authors clearly explain complex concepts such as arbitrage and shorting.
The most interesting section describes how hedge fund businesses are built. The authors include two interesting case studies; one describing the launch of a Maritime Hedge fund and the other describing the launch of an Eastern European Hedge fund.
Also included are chapters on trading systems and the use of derivatives in the hedge fund industry. The story of the spectacular collapse of Long Term Capital Management (LTCM) and how the US Federal Reserve came to its rescue to minimise the damage on the global financial system is included in the latter.
The concluding chapter provides a glimpse into the future of the hedge fund industry for IT and Business. The appendix describes the Hedge fund skills market and estimates of salary packages that hedge funds offer to the appropriately-skilled candidates.
A career in hedge fund IT provides one of the best opportunities to work with the brightest and best in the financial services industry. Business Knowledge for IT in Hedge Funds provides a platform that helps to make this happen.
The contributors to this book include: Dr Mark Mobius of Templeton Asset Management, Dermot Butler of Custom House Services, Flex Trader, Finanalytica, Advent Software, Sophis, Beauchamp (Linedata) and more. It is targeted at IT professionals such as: Project Managers; Application Developers; Development Managers; Test Managers; Business Analysts; Data Analysts; Systems Analysts; Test Analysts; Support Analysts; Database Administrators; and, HR staff responsible for IT recruitment.
