1. What are the different types of hedge funds covered in the text? What are the major strategies covered by Preqin?

2. Which HF fund categories have done the best and worst over the past 12 months according to Preqin?

3. What are the five-year risk adjusted returns from investing in all hedge fund strategies according to Preqin?

4. What is the correlation of hedge fund returns to the SP500, government bonds and corporate bonds and other alternative investments over the past 10 years?

5. Are hedge funds returns normally distributed? What is the skew and kurtosis? Is the skew between -1 and plus 1 and is the Kurtosis between -.5 and positive .5 using Excel?

6. What are some alternative risk measures that should be used when evaluating hedge fund returns? Why?

7. What are some issues or concerns when using commercial hedge fund databases to evaluate hedge fund performance that are not present when evaluating tradition stock indices like the SP500?

8. Identify one publicly traded HF management company and discuss how have its shares performed relative to the SP500 and traditional asset management firms like PIMCO or BlackRock?

9. Identify one mutual fund structure offering a hedge fund style strategy and compare how it has performed to similar private funds or a strategy composite using Preqin data.

10. Briefly discuss any recent papers or research report about hedge funds written by Preqin or any other source.