The Hedge Fund Book: A Training Manual for Professionals and Capital-Raising Executives

Preface

This book was created as a training manual for professionals who work in the hedge fund industry or who would like to work more closely with hedge funds as clients or business partners. Over the past seven years I have read most of the hedge fund books that are available. There are great books on hedge fund investment strategies, the history of hedge funds, financial modeling, and risk management. I never could find a book, though, that provided unfiltered advice, insights, and hard lessons learned from hedge fund managers. This gap in the marketplace and the growing needs of our Certified Hedge Fund Professional (CHP) Designation program is what led to this book being created.

Within this book, I hope that every reader will learn:

• How hedge fund managers of any hedge fund may increase their operational effectiveness immediately.
• Why most hedge fund managers struggle to raise capital, and how being proactive within the right areas can allow a small team to raise a large amount of capital.
• How to implement governance best practices that will improve investor confidence, enhance decision-making processes, and decrease the risk of some types of fraud.
• How to emulate the best practices of $1 billion-plus giant hedge funds that have learned many lessons the hard way.
• Why what you read about hedge funds in the general media is off-base 80 percent of the time.
• How to double the effectiveness of your capital-raising efforts by focusing on your unique process and positioning more ...