Deals with the adoption of financial innovations in funds management with a particular emphasis on the understanding of the characteristics of a large trans-national hedge fund. Covers recent innovations in the development and management of some strategic special-purpose funds, designed for investors interested in particular financial markets eg foreign exchange markets and stock markets. Incorporates extensive use of computer spreadsheets, macros, and programs to aid in the examination of individual stock data and calculations and later hedge a fund via the derivatives market. Involves extensive use of MS-Excel and financial and statistical packages.