The little book of hedge funds : what you need to know about hedge funds but the managers won't tell you / Anthony Scaramucci ; foreword by Nouriel Roubini.

Format:

Book

Author/Creator:

Scaramucci, Anthony.

Series:

Little book big profits.

Little book big profits series

Language:

English

Subjects (All):

Hedge funds.

Physical Description:

1 online resource (267 p.)

Edition:

1st edition

Other Title:

Hedge funds

Place of Publication:

Hoboken, N.J. : Wiley, 2012.

Language Note:

English

System Details:

text file

Summary:

"The Little Book of Hedge Funds that's big on explanations even the casual investor can useAn accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book: Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds Explores a variety of financial instruments--including leverage, short selling and hedging--that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy"-- Provided by publisher.

Contents:

The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won't Tell You; Contents; Foreword; Introduction: Anatomy of a Hedge Fund: The Password Is . . .; Seeing the Forest from the Trees; Lifting the Veil; Chapter One: What Is a Hedge Fund?: The Traditional Long-Only Portfolio versus the Alternative Hedge Fund Portfolio; Comparing Apples to Oranges; Regulation . . . or Lack Thereof; Size: The Achilles' Heel; Manager Fee: The Infamous Two-and-Twenty; Investment Strategies: The Long and the Short of It; Short Selling; Leverage; Derivatives

Liquidity: Swimming in Pools of MoneySo, Do They Actually Hedge?; The Proof Is in the Pudding; Chapter Two: The Parlor Cars of the Gravy Train: The Long and the Short of It; Inside the Olive Pit; The Secret Is in the Sauce; Performance Fee; Avoid Regulation; Short Selling + Leverage; And the Beat Moves On . . .; The Revenge of the Nerds; And Now for the Not-Quite-as-Successful; Emerging from the Ashes; Where Are We Now?; Chapter Three: Accessing the Inaccessible: From the Elite to Main Street; It's All in the Name; The Institutional Invasion; A Reluctant Buyer; A Piece of the Pie

Take Out Your Measuring StickWhat It Boils Down To . . .; Chapter Four: Heads We Win; Tails You Lose: Eating Your Own Cooking while Enduring Symmetrical Glories and Punishments; Keeping Up with the Joneses; A Bit of Protection; The Ends Justify the Means; Even Cowboys Have the Blues; Chapter Five: The Alpha Game: In Search of El Dorado; The Alpha-Beta Song; Another Theory, Another Definition; Driving with One Foot on the Brake; Putting Theory into Practice; A Word of Caution; Sometimes Diversification Just Ain't Enough; The Bottom Line

Chapter Six: Ironing Out Inefficiencies: Exploiting the Efficient Market TheoryA Kid in a Candy Store; Times, They Are a Changing; Living on the Edge; Putting Theory into Practice; The Efficiency of Inefficiency; The Fact of the Matter . . .; Chapter Seven: A Balancing Act: Outperforming the Market while Taking Less Risk; Long/Short Equity-Borrowing from Peter to Pay Paul; What Is Short Selling?; Putting It All Together; What Comes Up, Sometimes Comes Down; Relative Value-Two of a Kind . . . but Different; Arbitrage; Convertible Arbitrage; Equity Market Neutral

Event Driven-One Man's Loss Is Another Man's GainDirectional; Global Macro Funds; Chapter Eight: If You Can't Beat 'Em, Join 'Em: Hedge Fund Manager Selection and Due Diligence; Stop Right There!; Manager Selection; The Screening Process; The Never-Ending Process; Filling in the Data; Portfolio Construction; Stay Alert . . . It's Your Money; Chapter Nine: The Men Behind the Curtains: Fund of Hedge Funds; A Quick History Lesson; More than Just a Middleman; The Specifics; Your Dream Team; The Pluses . . .; Access; Diversification = Mitigated Risk; Professional and Timely Monitoring

. . . and the Minuses

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9786613620163

9781118237076

1118237072

9781280590337

1280590335

9781118223734

111822373X

OCLC:

785811551