Paul U. Ali is an Associate-Professor in the Faculty of Law, University of New South Wales, Sydney, Australia. Paul was previously a lawyer in Sydney, specialising in corporate finance, securitization and structured finance. He was part of the corporate advisory team that advised the Australian Mutual Provident Society, the largest Australian life company, on its demutualization and the reconstruction of its group, and the IPO of a new holding company, AMP Limited, on the Australian and New Zealand Stock Exchanges in 1998 (the then largest IPO ever in Australia). Paul has published several books and articles, including articles on finance law in Derivatives Use, Trading and Regulation, Journal of Alternative Investments, Journal of Banking Regulation and Journal of International Banking Law and Regulation, and, most recently, has co-edited a book on innovative securitizations (Securitisation of Derivatives and Alternative Asset Classes, 2005). He holds a SJD from the University of Sydney. Greg N. Gregoriou is Associate Professor of Finance and coordinator of faculty research in the School of Business and Economics at State University of New York, College at Plattsburgh. He obtained his PhD (Finance) from the University of Quebec at Montreal and is the hedge fund editor for the peer-reviewed journal Derivatives Use, Trading and Regulation published by Henry Stewart Publications based in the U.K. He has authored over 40 articles on hedge funds, and managed futures in various US and UK peer-reviewed publications, including the Journal of Futures Markets, European Journal of Finance, Journal of Asset Management, European Journal of Operational Research, and Annals of Operations Research. This is his fourth book with John Wiley & Sons.