Over the last 20 years hedge funds and derivatives have fluctuated in reputational terms; they have been blamed for the global financial crisis and been praised for the provision of liquidity in troubled times. Both topics are rather under-researched due to a combination of data and secrecy issues.This book is a collection of papers celebrating 20 years of the Journal of Derivatives and Hedge Funds (JDHF). The 18 papers included in this volume represent a small sample of influential papers included during the life of the Journal, representing industry-orientated research in these areas. With a Preface from co-editor of the journal Stephen Satchell, the first part of the collection focuses on hedge funds and the second on markets, prices and products.

Preface: Stephen Satchell1. Frictional Costs Of Diversification: How Many CTAs Make A Diversified Portfolio?; Bernd Scherer2. Crude Oil Futures Markets: Another Look Into Traders' Positions; Damir Tokic3. Fund Of Hedge Funds Portfolio Selection: A Multiple-Objective Approach; Ryan J Davies, Harry M Kat And Sa Lu4. A Primer On Structured Finance; Andreas A Jobst5. Value At Risk, GARCH Modelling And The Forecasting Of Hedge Fund Return Volatility; Roland Füss, Dieter G Kaiser And Zeno Adams6. Index Futures Trading, Information And Stock Market Volatility: The Case Of Greece; Christos Floros And Dimitrios V Vougas7. Modelling And Trading The Gasoline Crack Spread: A Non-Linear Story; Christian L Dunis, Jason Laws And Ben Evans8. The Relation Between Bid-Ask Spreads And Price Volatility In Forward Markets; Roy A Batchelor, Amir H Alizadeh And Ilias D Visvikis9. Introduction Of Futures And Options On A Stock Index And Their Impact On The Trading Volume And Volatility: Empirical Evidence From The DJIA Components; Mohammad G Robbani And Rafiqul Bhuyan10. The Characteristics And Evolution Of Credit Default Swap Trading; Lei Meng And Owain Ap Gwilym11. The Performance Persistence Of Equity Long/Short Hedge Funds; Samuel Manser And Markus M Schmid12. Examination Of Fund Age And Size And Its Impact On Hedge Fund Performance; Meredith Jones13. Great In Practice, Not In Theory: An Empirical Examination Of Covered Call Writing; Michael L Mcintyre And David Jackson14. Hedge Funds And Higher Moment Portfolio Selection; Greg Bergh And Paul Van Rensburg15. Sovereign Wealth Funds - Investment Strategies And Financial Distress; Raphael W Lam And Marco Rossi16. Modeling Autocallable Structured Products; Geng Deng, Joshua Mallett And Craig Mccann17. The Beta Puzzle Revisited: A Panel Study Of Hedge Fund Returns; François-Éric Racicot And Raymond Théoret18. Option Pricing Based On Mixtures Of Distributions: Evidence From The Eurex Index And Interest Rate Futures Options Market; Sascha WilkensIndex