Hedge Fund Strategies — Flashcards

Hedge Fund Strategies CFA Flashcards - Medical Study Cards

Master Hedge Fund Strategies with Oncourse flashcards. These spaced repetition flashcards are designed for medical students preparing for NEET PG, USMLE Step 1, USMLE Step 2, MBBS exams, and other medical licensing examinations.

Hedge Fund Strategies Flashcard Deck - 10 Cards

Flashcard 1: Describe a carry trade's return distribution

Answer: negatively skewed, fat tails

Flashcard 2: What is a managed futures HF strategy?

Answer: - take long/short positions in futures, forwards, options on futures, swaps & currencies/commodities - enter derivative contracts, not buying asset - fund uses 1/8 of its capital as collateral on futures contracts, the rest is invested in a highly liquid security that can also servce as collateral for the futures clearing house - highly liquid (futures trade globally and continously) - subject to "crowding": many pursue same trades - size of positions based on correlation and volatility - Little correlation with traditional equity & fixed-income assets - exit methodologies based on price targets, momentum reversal, time, trailing stop-loss

Flashcard 3: HF strategies with smallest max drawdowns:

Answer: - global macro - systematic futures - merger arbitrage - equity market neutral

Flashcard 4: What are multi-manager HF strategies?

Answer: - use other HF strategies as building blocks, combining different strategies together and rebalancing exposures over time - subtypes: multi-strategy funds and FofFs

Flashcard 5: What are specialist HF strategies?

Answer: - risks of these strategies arise due to exposure to specific sectors or unsual securities - subtypes: volatility strategies an reinsurance strategies

Flashcard 6: If the deal is expected to go through in a merger arbitage...

Answer: long target company and short acquisition company

Flashcard 7: What is a dedicated short and short biased HF strategy?

Answer: - dedicated short: seek out securities that are overpriced (60-120% short) - short biased: same as dedicated short but offset by a long exposure (30-60% short) - seeks to produce a negative correlation with conventional securities - expectations of returns to be lower, tend to have greater volatility - little leverage used

Flashcard 8: How is a multi-strategy HF strategy different than a multi-manager HF strategy?

Answer: - (+) speed in which a tactical allocation can be made - (+) more attractive fees - (+) better management of risk and transparency - (-) operational risk less diversified - (-) higher leverage

Flashcard 9: NAV =

Answer: \= GAV - total debt - other liabilities

Flashcard 10: HF strategies with high stdev:

Answer: - event driven (distressed securities) - relative value (convertible arbitrage)

Keywords: Hedge Fund Strategies flashcards, medical flashcards, NEET PG preparation, USMLE Step 1 flashcards, Anki alternative, spaced repetition medical, Oncourse flashcards

Study by Chapter

Classification of hedge fund strategies

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Equity strategies: long/short, market neutral, short bias

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Event-driven strategies: merger arbitrage, distressed securities

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Relative value strategies: fixed-income and convertible arbitrage

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Opportunistic strategies: global macro and managed futures

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Specialist strategies: volatility trading and reinsurance

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Multi-manager strategies: funds of funds and multi-strategy

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Conditional factor risk model for hedge funds

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Portfolio impact of a hedge fund allocation

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About Hedge Fund Strategies Flashcards for CFA

These Hedge Fund Strategies flashcards are designed for CFA Alternative Investments (Level II) preparation, using active recall to help you retain high-yield concepts, clinical correlations, and commonly tested facts. Each card prompts you to retrieve information from memory rather than passively reviewing notes, which research shows leads to significantly better exam performance.

The 35 cards in this deck cover the most important topics in Hedge Fund Strategies, including key mechanisms, diagnostic criteria, treatment protocols, and clinical pearls that frequently appear in CFA examinations. Cards are organised by chapter so you can focus on specific areas or work through the entire topic systematically.

For personalised spaced repetition scheduling that adapts to your performance, unlimited flashcards, and detailed progress analytics, download the Oncourse app.

Frequently Asked Questions

Are Hedge Fund Strategies flashcards free on Oncourse?

Yes, completely free. You can study all 35 Hedge Fund Strategies flashcards on this page at no cost. For spaced repetition scheduling and progress tracking, download the Oncourse app.

How do flashcards help with CFA preparation?

Flashcards use active recall — instead of passively re-reading notes, you retrieve information from memory. Research shows this builds stronger, longer-lasting memories and is one of the most effective study strategies for medical exams like CFA.

How many Hedge Fund Strategies flashcards are available?

There are currently 35 flashcards for Hedge Fund Strategies under Alternative Investments (Level II), organised by chapter. New cards are added regularly to cover the latest CFA syllabus.

Can I study Hedge Fund Strategies flashcards by chapter?

Yes. The flashcards are organised by chapter so you can focus on specific areas or work through the entire topic systematically. Scroll down to the "Study by Chapter" section to pick a chapter.

What topics do these Alternative Investments (Level II) flashcards cover?

The cards cover high-yield concepts, clinical correlations, diagnostic criteria, treatment protocols, and commonly tested facts from Hedge Fund Strategies. They mirror the depth and style of CFA questions.

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