, , , , , ,

After more than 16 years of experience in the investment field, Ed Stavetski accepted a position as managing director of PCM Partners, LLC, in 2009. Throughout his career, he has provided advisory services for investments such as hedge funds. Ed Stavetski also authored the book Managing Hedge Fund Managers.

A guide for investors, Managing Hedge Fund Managers: Quantitative and Qualitative Performance Measures provides a detailed analysis of considerations in hedge fund investment. The book addresses the rising appeal of hedge funds with a practical approach for modern investors. It particularly emphasizes the importance of starting with an investment policy statement that includes objectives and constraints such as the level of acceptable risk, as well as analyzing performance of the hedge fund both on the long and the short side.

After establishing key principles, Managing Hedge Fund Managers focuses on a set of fundamentals and provides outlines of the best practices for judging performance and weighing empirical evidence. The book includes examples of failed investments, accompanied by analysis of these failures and how to avoid similar mistakes. Overall, this guide stresses the importance of caution, but it also offers comprehensive information on how to proceed as a cautious investor.