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About Joe Zhu  
          
hedge funds
G. Gregoriou and Joe Zhu, Evaluating Hedge Funds and CTA Performance: Data Envelopment Analysis Approach
John Wiley & Sons, New York, 2005,
ISBN 0-471-68185-7

Order the book from amazon.com



Table of Contents Wileyonline



Alternative investment strategies used by hedge funds often perform well on an absolute return basis in any market. As a result, institutional investors who are disappointed with the performance of traditional asset classes are now looking to hedge funds to provide diversification, and extra returns on a risk-adjusted basis, to their overall portfolios. However, the critical question in selecting a hedge fund, or fund of funds, is how to measure and monitor their performance, particularly when comparing non-traditional investment strategies against traditional stock/bond performance benchmarks is a bit like comparing apples to oranges. In this book, data envelopment analysis is introduced as a superior quantitative approach to selecting a hedge fund, or a fund of funds, to complement more traditional investment portfolios.

The CD-ROM contains the DEAFrontier software created by Joe Zhu and is an integral part of the book. This powerful software Microsoft Excel Add-In (for versions 97 and later) allows professionals to analyze hedge funds and CTAs on their own.

This version of software does not work under Excel 2007.