book

The Little Book of Hedge Funds

May 2012

Beginner

235 pages

3h 54m

English

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Comparing Apples to OrangesRegulation . . . or Lack ThereofSize: The Achilles’ HeelManager Fee: The Infamous Two-and-TwentyInvestment Strategies: The Long and the Short of itLiquidity: Swimming in Pools of MoneySo, Do they Actually Hedge?The Proof is in the Pudding
Inside the Olive PitThe Secret is in the SauceAnd the Beat Moves On . . .The Revenge of the NerdsAnd Now for the Not-Quite-as-SuccessfulEmerging from the AshesWhere Are We Now?
It’s All in the NameThe Institutional InvasionTake Out Your Measuring StickWhat It Boils Down To . . .

Keeping Up with the JonesesThe Ends Justify the MeansEven Cowboys Have the Blues
The Alpha-Beta SongAnother Theory, Another DefinitionDriving with One Foot on the BrakePutting Theory into PracticeA Word of CautionSometimes Diversification Just Ain’t EnoughThe Bottom Line
A Kid in a Candy StoreTimes, They Are a ChangingLiving on the EdgePutting Theory into PracticeThe Efficiency of InefficiencyThe Fact of the Matter . . .
Long/Short Equity—Borrowing from Peter to Pay PaulRelative Value—Two of a Kind . . . but DifferentEvent Driven—One Man’s Loss is Another Man’s GainDirectional
Stop Right There!Manager SelectionThe Screening ProcessThe Never-Ending ProcessFilling in the DataPortfolio ConstructionStay Alert . . . It’s Your Money
A Quick History LessonMore than Just a MiddlemanThe SpecificsYour Dream TeamThe Pluses . . .. . . and the Minuses
Wall Street’s Mass MigrationOnly the Strongest SurviveInside the Mind of a Super CapitalistA Quick Pop QuizScoring a Job at a Hedge FundA Final Few Words: 15 Things I Would Do If I Were You