New, unused item. This item has been stored on a bookshelf without being read. It is generally in good condition with no noticeable scratches, stains, or tears, but please understand that it has been handled by a person once before purchasing. Thank you for your consideration. ==== The author, who has worked for many years as the head of the fund business in the wealth management division of a Swiss-based foreign securities company, introduces basic items that investors, sales representatives, and support staff of sales companies should know from a practical perspective when investing in offshore funds such as hedge funds. Chapter 1 "Offshore Funds" introduces what offshore funds are, tax havens as their place of establishment, and fund regulations and systems in Luxembourg and Cayman, which are particularly representative places of establishment. It also mentions the typical fund structure and the players who manage the fund. Chapter 2 "Fund Mechanism (Prospectus)" attempts to show the overall picture of the fund, focusing on what is written in the fund's prospectus. It covers practical content such as fund redemption conditions and the costs borne by investors. Chapter 3 "Financial Instruments and Exchange Act" describes how to sell offshore funds in Japan. This chapter is mainly for employees of sales companies (securities companies, etc.) and asset management companies. Chapter 4 "Main Investment Strategies of Hedge Funds" introduces generally known hedge fund investment strategies, as well as relatively new asset classes that are not widely recognized. In particular, it introduces the trend of putting "private assets" into the hedge fund structure. Chapter 5 "Hedge Fund Beta (Strategic Beta)" introduces "risk premium strategies," which are mainly used by institutional investors as an alternative to hedge fund investments, and "replicating hedge fund index performance," a method of obtaining performance similar to hedge fund indices using multiple highly liquid stock indices, etc., from the perspective of the profitability of hedge fund investment strategies themselves. Chapter 6 "Managed Accounts" introduces managed accounts, an investment platform that facilitates the monitoring of hedge fund positions.