Dr. Rama Rao



Financial Physics

financial physics

Read this in-depth Study of the
Hedge Fund Industry
Hedge fund book


Praise for the book

"A provocative study that makes one think about the future structure of the hedge fund industry. A timely study released as major deals are coming to light." Lois Peltz, Managing Editor-MAR/HEDGE


"Exceptionally solid work, clear reasoning and well documented. Conclusions are both logical and insightful." Hunt Taylor, Executive Director- Tass Management, Inc.


"This report addresses the rising tide of wealth in the U.S. and the bright future for alternative asset managers going into the next century. It also suggests we may begin to see a consolidation among alternative asset managers similar to what has been occurring in the traditional asset management industry over the last decade." H. Bruce McEver, President-Berkshire Capital Corp.


"I read the report with admiration and recognition. It presents a very credible vision of the future of the hedge fund industry." Arthur J. Samberg, Chairman & CEO- Dawson-Samberg Capital Management, Inc.


"This is a wonderful report on the hedge fund industry and the evolution concept is well articulated. We believe one day it will be considered imprudent not to hedge. Interestingly, Harvard, Yale, Stanford and Duke Universities already subscribe to that philosophy." E. Lee Hennessee-Hennessee Hedge Fund Advisory Group


"This report puts a unique perspective on the hedge fund industry, and shares insight that was not previously available anywhere." Peter W. Testaverde Jr., Partner Financial Services Group- Goldstein Golub Kessler & Co.
The Coming Evolution of the Hedge Fund Industry


Executive Summary

  1. Author Biographies
  2. Preface
  3. Executive Summary
  4. Background of Hedge Funds
    1. Characteristics of Hedge Funds
    2. Investment Styles of Hedge Funds
    3. Investment Performance of Hedge Funds
    4. Hedge Fund Investors
  5. Historical Perspective on the Hedge Fund Industry
    1. Growth of the Hedge Fund Industry
    2. Hedge Fund Industry Structure
  6. The Future Outlook for the Hedge Fund Industry
    1. Demand for Investment Management Services
    2. Hedge Fund Investor Segment Trends
    3. Future Growth Projections for Hedge Funds
  7. Emergence of the Family of Hedge Funds (FHF)
    1. Macro Structural Challenges
    2. Other Structural Needs
    3. The Family of Hedge Funds Structure
    4. Benefits of FHF to Investors
    5. Benefits of FHF to Fund Managers
    6. Market Leadership to the Hedge Fund Industry
  8. Strategic Drivers for Evolution
    1. Hedge Fund Industry in Growth Stage
    2. Lessons Learned from the Mutual Fund Industry
    3. Fragmented Industry Ripe for Consolidation
    4. Future Opportunities - The Evolution has Already
  9. References

Executive Summary

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