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This book will present a comprehensive view of the risk
characteristics, risk-adjusted performances, and risk exposures of
various hedge fund indices. It will distinguish itself from other
books and journal articles by focusing solely on hedge fund indices
and emphasizing tail risk as a predictor of hedge fund index
returns. The three chapters in this short book have not been
previously published. Uses most recently developed investable hedge fund indexes to revise previous analyses of indexes Focuses on 14 distinct types of hedge fund indices with daily data from January 1994 to December 2011 "
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