Book description
Learn to apply the strategies of top hedge fund managers to your personal investment portfolio
The most successful hedge fund managers and superstar investors outperform the markets impressively, while most fund managers—and individual investors as well—usually underperform the market averages. Based on the figures released by the Edgar System each quarter, this book analyzes the performance of hedge fund managers controlling at least $100 million in Assets Under Management to help other investors close the gap between themselves and the industry's top fund managers. With model portfolios that produced solid returns, examination of the tactics of the best fund managers, and a set of effective strategies for sound absolute returns, Profiting from Hedge Funds is the perfect guide for investors who want to improve their game by learning from the best.
Includes fascinating insights into the investment styles of the most successful hedge fund managers
Features model portfolios based on the holdings and activity of high-performing money managers
Offers key lessons for success that work across all portfolios
Table of contents
- Cover
- Contents
- Title
- Copyright
- Dedication
- Acknowledgments
- Preface
-
Part One: Tracking 12 of the Greatest Money Managers
- Chapter 1: Introduction
- Chapter 2: Bill Ackman
- Chapter 3: Bruce Berkowitz
- Chapter 4: Warren Buffett
- Chapter 5: Ian Cumming and Joseph S. Steinberg
- Chapter 6: David Einhorn
- Chapter 7: Carl Icahn
- Chapter 8: Seth Klarman
- Chapter 9: John Paulson
- Chapter 10: Wilbur Ross
- Chapter 11: George Soros
- Chapter 12: David Swensen
- Chapter 13: Prem Watsa
-
Part Two: Mechanical Approaches to Following the Masters
-
Chapter 14: Introduction
- Manager Selection
- Asset Allocation and Sentiment Capture
- Risk Avoidance
- Constructing Model Portfolios Mechanically: A Primer
- Equal Allocation Largest Positions
- Equal Allocation Largest New Positions
- Weighted Allocation Largest Positions
- Weighted Allocation Largest New Positions
- 10-5-2 Allocation Largest Positions
- 10-5-2 Allocation Largest New Positions
- Notes
- Chapter 15: Equal Allocation Models
- Chapter 16: Weighted Allocation Models
- Chapter 17: Ten-Five-Two (10–5–2) Allocation Models
- Chapter 18: Alternate Models
-
Chapter 14: Introduction
-
Part Three: Learning from the Masters
- Chapter 19: Introduction
-
Chapter 20: Fundamental Analysis
- Margin of Safety
- Basic Checklist
- Business Understanding
- Business Sector and the Company’s Standing
- Management Integrity and Competency
- Valuation
- Emotional Stance
- Quantitative Measures
- Profitability Indicators
- Management Effectiveness
- Liquidity Indicators
- Valuation Indicators
- Fair Value Estimates
- Risk-Free Equivalent Fair Value
- Fair Values Based on Earnings Growth
- Fair Values Based on Benjamin Graham’s Teachings
- Fair Values Using Present Discounted Value
- Summary
- Notes
- Chapter 21: Types of Positions and Sizing
- Chapter 22: Conclusion
- About the Author
- Index
Product information
- Title: Profiting from Hedge Funds: Winning Strategies for the Little Guy
- Author(s):
- Release date: August 2013
- Publisher(s): Wiley
- ISBN: 9781118465202
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