Create Your Own ETF Hedge Fund by Fry, David -- Read -- Imperial Library of Trantor

Index

Praise Title Page Copyright Page Dedication Acknowledgments About the Author Introduction PART One - Contemporary Investment Conditions

CHAPTER 1 - Hobson’s Choice

CURRENT SITUATION: THE CAPTIVE CLIENT HOW THE INVESTMENT BUSINESS CHANGED THE AGE OF THE DIY INVESTOR IF YOU CAN’T BEAT ′EM, JOIN ′EM BAD APPLES AND UNETHICAL PRACTICES HIGH PRESSURE ENVIRONMENT THE REGULATORS CRACKDOWN THE MOTHER OF ALL MUTUAL FUND SCANDALS BUT WAIT, THERE’S MORE POTENTIAL SCANDAL AHEAD CLIENT RUMBLINGS AND GRUMBLINGS I STILL WANT SOMEONE ELSE TO DO IT REPORTS OF MY DEATH HAVE BEEN GREATLY EXAGGERATED FUTURE AREA OF GROWTH: UNIFIED ACCOUNTS THE FUTURE FOR FINANCIAL ADVISORS NEVER BRIGHTER—MAYBE TWO BODY BLOWS TO WALL STREET FEES CONCLUSION

CHAPTER 2 - ETFs—The New Investment of Choice

DIY INVESTORS TAKE CHARGE WHAT TOOK ETFs SO LONG TO CATCH ON? INDEXING VERSUS ACTIVE MANAGEMENT PRACTICAL APPLICATIONS FOR FINANCIAL PLANNERS ETFs AND INDEXING THE ETF TSUNAMI NEW QUANTITATIVE INDEXES INTERNATIONAL ETFs INVERSE ETFs ULTRA, LEVERAGED SHORT, OR LONG ETFs COMMODITY AND CURRENCY ETFs ACTIVELY MANAGED ETFs? WITH GROWTH COME OTHER PROBLEMS A DISRUPTIVE TECHNOLOGY INDEED!

CHAPTER 3 - The Rise of Hedge Funds

WHAT WE REALLY MEAN BY HEDGE FUND HOT NEW SECTOR: PRIVATE EQUITY GROWTH OF HEDGE FUNDS WHO INVESTS IN THESE COMPLEX STRATEGIES? WHY INVEST IN HEDGE FUNDS ANYWAY? BUT CAN RETAIL INVESTORS PARTICIPATE? HEDGE FUND DISASTERS TO REGULATE OR NOT HEDGE FUNDS ARE HERE TO STAY

CHAPTER 4 - A Convergence Story

MUTUAL FUNDS ADOPTING SOME HEDGE FUND STRATEGIES FUTURES INVESTMENT STRATEGIES IN HEDGE FUNDS RYDEX INVESTMENTS LEADS A BIG CHANGE POWERSHARES ACTIVELY TRADED ETF POWERSHARES PRIVATE EQUITY ETF COMMODITY ETFs DIRECT CURRENCY ETFs DIRECT INVERSE ETFs DIRECT NEW MARGIN RULES THE ZERO COMMISSION CONVERGENCE WELL UNDERWAY

CHAPTER 5 - The Bullish Bias Gets a Makeover

OTHER CONTRIBUTING FORCES COMMISSIONS OUT, FEES IN RECURRING FEES THE GREENSPAN AND BERNANKE PUT MONEY SUPPLY SHENANIGANS EXCESS LIQUIDITY AND STOCK BUYBACKS I’M FOREVER BLOWING BUBBLES BYE-BYE GLASS-STEAGALL “DA BOYZ” AND PRIMARY DEALERS MERGE DOES THE FED OR TREASURY MANIPULATE MARKETS? TIME TO CONNECT THE DOTS THE NEW ROBBER BARONS TWO JOKERS IN THE DECK WHAT BEARS ARE UP AGAINST

PART Two - Strategies

CHAPTER 6 - Market Neutral

THE NORTHWEST QUADRANT EVEN HERE, RISKS REMAIN ETFs AND MARKET NEUTRAL STRATEGIES ALPHA STRATEGIES MARKET NEUTRAL MUTUAL FUNDS CONCLUSION

CHAPTER 7 - Global Macro

LTCM BLOWS UP GUNSLINGERS THINK GLOBAL, INVEST GLOBAL TRADE GLOBAL SO YOU WANNA BE A GUNSLINGER, TOO? CONCLUSION

CHAPTER 8 - Doing It Their Way

SELECTED TRADER PROFILES SELECTED STOCK PICKERS PROFILES SELECTED DISTRESSED SECURITIES PROFILES SELECTED QUANTITATIVE PROFILES OTHER FAMOUS HEDGE FUND PRACTITIONERS INSIDER TRADING BUILDING PERFORMANCE? SO IF IT’S A GAME FOR THE BIG BOYS, HOW CAN WE PLAY?

CHAPTER 9 - Trading—Do I Have To?

ONE TRUE THING MARKET TIMING MYTHS AND REALITIES THE LAZY OR PASSIVE INVESTOR: NO SINGLE STRATEGY ALWAYS PERFORMS BEST THE LAZY HEDGE FUND INVESTOR: THE DO-NOTHING CROWD MERRILL AND GOLDMAN TRY TO SHAKE THINGS UP: CAN PASSIVE INDEXES DESTROY FEES? DAY TRADING: FRENETIC AND INTENSE SHORTING EXPLAINED: TO GO NORTH, HEAD SOUTH QUANTITATIVE TRADING: RESERVED FOR THE LEFT BRAIN CROWD MULTISTRATEGY: ALL THINGS TO ALL PEOPLE CONCLUSION

PART Three - Hedge Funds for the Rest of Us

CHAPTER 10 - Lower-Risk Global Macro Long/Short Strategies

OVERWHELMED FAST-FORWARD 35 YEARS TREND FOLLOWING RISK MANAGEMENT THE TWO-THIRDS OBJECTIVE FINDING YOUR SACRED COWS ETFs PROVIDE THE TOOLS FOR IMPLEMENTING GLOBAL MACRO LONG/SHORT STRATEGIES THE TRICK IS PUTTING THEM TOGETHER

CHAPTER 11 - Constructing Your Own ETF Hedge Fund

TYPICAL QUESTIONNAIRE LONG-TERM INVESTOR OR SHORT-TERM TRADER AWASH IN ETF CHOICES PERFORMANCE MYTHS AND REALITIES OF STYLE ONE WORLD MARKET TRUE DIVERSIFICATION SHORTING ESSENTIALS PORTFOLIO REALLOCATION ACTIVELY MANAGED ETFS AND MUTUAL FUND POSERS CONCLUSION

CHAPTER 12 - ETF Hedge Fund Portfolios

LONG-TERM OR SHORT-TERM APPROACH AGGRESSIVE GROWTH GROWTH GROWTH AND INCOME DAVE’S SPECIAL PORTFOLIO ETF SUBSTITUTES CONCLUSION

CHAPTER 13 - Tools and Resources

ONLINE TOOLS IMPORTANT TOOLS I LIKE MARKET INFORMATION RESOURCES CONCLUSION

CHAPTER 14 - Eight Steps to Building Your ETF Hedge Fund

STEP 1: DEFINE YOURSELF STEP 2: DEVELOP YOUR HEDGE FUND STRATEGY STEP 3: USE ETFS AS THE PRIMARY TOOL STEP 4: USING MUTUAL FUNDS AS AN ALTERNATIVE VEHICLE STEP 5: GET HELP, EVEN IF YOU’RE A DIY STEP 6: IF YOU WANT TO USE A FINANCIAL ADVISOR, FIND THE RIGHT ONE STEP 7: DIYS NEED AN ONLINE BROKER STEP 8: FIND THE SUPPORT TOOLS YOU NEED CONCLUSION

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