January 2013
Beginner
350 pages
10h 25m
English
book
Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance
by Kevin R. Mirabile
Content preview from Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance
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Pre-1998, When No One Really Cared
Pre-1998, there was not a lot of interest in hedge funds as an asset class. A small number of very-high-net-worth individuals found managers principally by word of mouth or informal networks of promoters who raised capital for specific funds. In spite of some of the notoriety achieved by Soros and Tudor Jones related to profiteering during market crashes or currency crises, most people and certainly most institutional investors had very little knowledge about the sector.
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