The Little Book of Hedge Funds ( Little Books. Big Profits )

Publication series :Little Books. Big Profits

Author: Anthony Scaramucci  

Publisher: John Wiley & Sons Inc‎

Publication year: 2012

E-ISBN: 9781118223734

P-ISBN(Hardback):  9781118099674

Subject: F830.59 Investment

Language: ENG

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Description

The Little Book of Hedge Funds that's big on explanations even the casual investor can use

An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book:

  • Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work
  • Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities
  • Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds
  • Explores a variety of financial instruments—including leverage, short selling and hedging—that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets

Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy.

Chapter

Contents

pp.:  9 – 13

Foreword

pp.:  13 – 17

Chapter One: What Is a Hedge Fund?: The Traditional Long-Only Portfolio versus the Alternative Hedge Fund Portfolio

pp.:  33 – 61

Chapter Two: The Parlor Cars of the Gravy Train: The Long and the Short of It

pp.:  61 – 83

Chapter Three: Accessing the Inaccessible: From the Elite to Main Street

pp.:  83 – 99

Chapter Four: Heads We Win; Tails You Lose: Eating Your Own Cooking while Enduring Symmetrical Glories and Punishments

pp.:  99 – 113

Chapter Five: The Alpha Game: In Search of El Dorado

pp.:  113 – 129

Chapter Six: Ironing Out Inefficiencies: Exploiting the Efficient Market Theory

pp.:  129 – 149

Chapter Seven: A Balancing Act: Outperforming the Market while Taking Less Risk

pp.:  149 – 175

Chapter Eight: If You Can't Beat 'Em, Join 'Em: Hedge Fund Manager Selection and Due Diligence

pp.:  175 – 201

Chapter Nine: The Men Behind the Curtains: Fund of Hedge Funds

pp.:  201 – 225

Chapter Ten: From Wall Street to Park Avenue: Setting Up Shop at the Hedge Fund Hotel

pp.:  225 – 247

Conclusion: The Shape of Things to Come

pp.:  247 – 255

Appendix: Due Diligence Questionnaire

pp.:  255 – 261

Notes

pp.:  261 – 265

Acknowledgments

pp.:  265 – 268

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