Absolute returns

Written by Alexander Ineichen from his experience in research and hedge funds, 'Absolute Returns' examines the concept and practice of seeking positive returns regardless of market direction.

The book explores the history of hedge funds, the evolution of active management, and practical strategies used to deliver absolute performance.

Ineichen contrasts relative benchmarking with absolute targets, discussing risk management, performance measurement, and the incentives shaping managers.

He presents examples and analysis aimed at institutional investors and active managers considering absolute-return mandates.

The work serves both as a conceptual defense of absolute returns and a guide to implementing such strategies in practice.