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1、ffirs.qxd10/8/0410:06AMPageiHedgeFundCourseffirs.qxd10/8/0410:06AMPageiiFoundedin1807,JohnWiley&SonsistheoldestindependentpublishingcompanyintheUnitedStates.Withof?cesinNorthAmerica,Europe,Aus-tralia,andAsia,Wileyisgloballycommittedtodevelopingandmarketingprintandelectr
2、onicproductsandservicesforourcustomers’professionalandpersonalknowledgeandunderstanding.TheWileyFinanceseriescontainsbookswrittenspeci?callyfor?nanceandinvestmentprofessionalsaswellassophisticatedindividualinvestorsandtheir?nancialadvisors.Booktopicsrangefromportfolioma
3、nagementtoe-commerce,riskmanagement,?nancialengineering,valuation,and?-nancialinstrumentanalysis,aswellasmuchmore.Foralistofavailabletitles,visitourWebsiteatwww.WileyFinance.com.ffirs.qxd10/8/0410:06AMPageiiiHedgeFundCourseSTUARTA.MCCRARYJohnWiley&Sons,Inc.ffirs.qxd10/8
4、/0410:06AMPageivCopyright?2005byStuartA.McCrary.Allrightsreserved.PublishedbyJohnWiley&Sons,Inc.,Hoboken,NewJersey.PublishedsimultaneouslyinCanada.Nopartofthispublicationmaybereproduced,storedinaretrievalsystem,ortransmittedinanyformorbyanymeans,electronic,mechanical,ph
5、otocopying,recording,scanning,orotherwise,exceptaspermittedunderSection107or108ofthe1976UnitedStatesCopyrightAct,withouteitherthepriorwrittenpermissionofthePublisher,orauthorizationthroughpaymentoftheappropriateper-copyfeetotheCopyrightClearanceCenter,Inc.,222RosewoodDr
6、ive,Danvers,MA01923,978-750-8400,fax978-646-8600,oronthewebatwww.copyright.com.RequeststothePublisherforpermissionshouldbeaddressedtothePermissionsDepartment,JohnWiley&Sons,Inc.,111RiverStreet,Hoboken,NJ07030,201-748-6011,fax201-748-6008.Note:Someofthematerialinthisbook
7、isverytechnicalandinvolvesissueswhereprofessionaljudgmentisimperative.Materialmaybeoutdated.Manyhedgefundsdisplayuniqueaspectsthatmaycontradictstatementsinthisbook.Theinformationinthisbookisbelievedtobereliablebutitisuptothereadertocon?rmeverythingwithlawyers,regulators
8、,accountants,investmentprofessionals,ortaxprofessionals.LimitofLiability/DisclaimerofWarranty:Whilethepublishe
