Shedding light on the incredible inside workings of hedge funds, this book charts the interminable rise of holte capital from 2002 to 2008, explaining what it was like to run a hedge fund in a. This is an essential book for all investors curious about alternative. Funds of funds fofs allow access to hedge funds but similarly to hedge funds, these investment vehicles are misunderstood by many and remain shrouded to most investors. Investing asset managementhedge funds sort by position product name price isbn navision code publication date size set descending direction. Invest with the house hacking the top hedge funds is one of meb fabers more recently published books about investing. As the worlds largest network of investment professionals, weve got a lot of data about analysts, portfolio managers, principals, and cios at hedge funds. These specialized portfolios are the darlings of the investment world, attracting top managers, institutions, pensions and wealthy.
After that this book will talk about investment tools available to hedge funds, for example, going for long and short on share prices and volatility. A practical approach to understanding investor motivation, manager profits, and fund performance wears several hats. Each strategy definition explains the economic rationale behind the strategy, the types of securities and trades that are employed to execute the strategy, and how to manage the associated risks. Following a brief history of hedge funds, we discuss new developments that have the potential to leave their mark on the industry in the future. An indepth guide to building your portfolio and profiting from the credit market putri pascualy on. Joseph g nicholas overview of the hedge fund industry and various hedge fund investment strategies. Almost four years ago now i put together a series of articles i had written on hedge funds, ultra high net worth investing, and capital raising and put.
Invest with the house hacking the top hedge funds by meb. One of the trends gaining prominence in the hedge fund world is the use of quantitative strategies. A hedge fund differs from socalled real money traditional investment accounts like mutual funds, pensions, and endowments because it has more freedom to pursue different. A youtube video of the 71minute klarman talk had roughly 4,400.
Author and investor william bernstein performed a study on hedge funds for his book skating where the puck was, where he looked at the returns on a large series of hedge. For investors who want to learn more about hedge funds and how they operate, or aspiring hedge fund managers with a desire to expand their knowledge, here are ten of the best. Investing in hedge funds is the first comprehensive study of what hedge funds are and how they work. In fund of funds investing, hedge fund expert daniel strachman and fund of funds manager richard bookbinder offer valuable insights into this world through an industry. Commentary why hedge funds may never be able to beat the. Page by page, the hedge fund book offers expert analysis of funds within different phases of their life cycles and investment processes, and examines each. The baupost founders book on investing called index funds a fad, but did make several prescient calls on mutual fund fees and wall street. While this book is meant to serve as an introduction to the complex world of hedge funds, hedge fund managers and hedge fund investors in short, the hedge fund dynamic, it is decidedly not. The little book of hedge funds audiobook by anthony. Whether its sourcing, evaluating or investing in credit hedge funds, putri has written a timeless and very detailed vehicle for understanding how to invest in the product.
Hedge funds and the making of a new elite, by sebastian mallaby. What is one finance book that most legendary hedge fund. Investing in hedge funds, revised and updated edition. Read books on investing, and on different hedge fund strategies and managers suggestions below, bolded are recommended. The book explores the vast array of credit funds from high yield and distressed to sovereign. Introduction to hedge fund strategies in mutual fund investing. Instead, their best bet is to avoid attempting to access hedge funds entirely and throw in the towel, investing in index funds or passive strategies, perhaps through individually. A training manual for professionals and capitalraising executives, by richard.
Using reallife examples and case studies, this book provides an intensive learning experience, and helps readers understand the investment strategies of hedge funds showing them how they can invest to make money in an uncorrelated way with financial markets. Investing in a hedge fund can be difficult the balance. The little book of hedge funds is big on explanations even the casual investor can use. The 72 best hedge funds books recommended by sheryl sandberg, preston. Hedge funds have to reasonably believe that you meet investing requirements, and funds are legally required to ask you if you have the money, says david mahaffey, a partner at. This is the book to start with to get a great overview of both the history of hedge funds and all of their different flavors. The reallife examples are particularly insightful for a beginner.
An accessible overview of hedge funds, from their historical. Joseph nicholas details the range of investment strategies pursued by hedge fund managers and writes in a clear, lucid style. This is an essential book for all investors curious about alternative investment strategies. In my whole life, i have known no wise people over a broad subject matter area who didnt read all the time none, zero. Lessons from seth klarmans margin of safety book on. Valuation of portfolio company investments of venture capital and private. This book will present a comprehensive view of the risk characteristics, riskadjusted performances, and risk exposures of various hedge fund indices. Funds of hedge funds, which are investment vehicles that allocate their capital in multiple hedge funds, are also explained. As the worlds largest network of investment professionals, weve got a lot of data about analysts, portfolio managers.
Finally, note that many hedge funds require more than just meeting the accredited investor threshold, with minimum account requirements that put their funds out of reach for all. Hedge funds have rightly gained the attention of private and institutional investors in recent years, proving themselves as useful portfolio diversifiers and preservers of wealth while greatly. Quant investing involves utilizing big data and computer algorithms. Table of contents ii chapter 4 industry trends, flows, and characteristics 51. A list of 12 new hedge funds books you should read in 2020, such as the rule.
Hedge funds are the pooled sum gathered from the accredited investors to be invested strategically and managed aggressively to earn high returns and mitigate. Hedge fund of funds investing free summary by joseph g. If you think all hedge funds are overleveraged, highrisk ventures based in illiquid assets and only profitable for hedge fund managers, this book dispels that myth and identifies the diverse. Joseph nicholass third book, hedge fund of funds investing, explains these alternative asset management firms in a clear and concise manner.