Anthony Scaramucci: The Little Book of Hedge Funds, Gebunden

Beschreibung

Hedge funds. Everyone's talking about them, but what are they-really-and why should they matter to you? Presenting an accessible overview of these often discussed but rarely understood investment opportunities, The Little Book of Hedge Funds covers everything from their origins to their perceived effect on the global economy, and most important, why it's worth your while to understand how they work.
Essential reading for anyone looking to invest in this lucrative yet mysterious world, this book provides the tools and information guaranteed to illuminate the ways in which hedge funds have grown in both size and importance in the investment community. And why their future lies in their ability to provide greater transparency to those investors currently staying away because they don't understand how they work.
Written in a straightforward but entertaining style that makes getting a grip on the subject matter a breeze, this book examines hedge funds from all angles. Exploring everything from the financial techniques-including leverage, short selling, and hedging-that hedge fund managers use to reduce risk, enhance returns, and minimize correlation with equity and bond markets to the myriad investing strategies (including their strengths and weaknesses) that they employ, this book has you covered. And most important, it lays to rest the prevailing misconception that investing in hedge funds is somehow riskier than putting your money into other asset classes.
Filled with insightful commentary, actionable advice, and engaging anecdotes, The Little Book of Hedge Funds provides novice investors, experienced financiers, and financial institutions with the must-have tools and information needed to conquer the investment vehicle that everyone is talking about. Praise For The Little Book of Hedge Funds
"Anthony Scaramucci appears to do the unthinkable--invite people into the historically mysterious, inaccessible, and complicated world of hedge funds. Full of great insights, laugh-out-loud anecdotes, and firsthand accounts from hedge funds legends, Scaramucci gives us a jargon-free, clearly written, and easy-to-understand comprehensive guide into the industry."
--Gary Kaminsky, Capital Markets Editor, CNBC
"Don't let the title of the book fool you. Anthony Scaramucci has packed his latest book with everything you could possibly need to know about the secretive and often misunderstood hedge fund industry. From his extensive experience at Goldman Sachs, to his perch atop SkyBridge Capital, Anthony provides the reader with insight that up until now has been the domain of a privileged few. In succinct and plain English, Scaramucci explains the history of the hedge fund industry and its effect on the global markets. Anthony takes all the 'Wall Street jargon' and defines it in a fashion that won't make your eyes glaze over. If you have ever wondered what goes on behind the doors of some of the biggest hedge funds the world has ever known, this book is for you!"
--Guy Adami, Managing Director, optionMONSTER, original member of CNBC's Fast Money

Inhaltsangabe

Foreword xi

Introduction: Anatomy of a Hedge Fund: The Password Is . . . xv

Chapter One What Is a Hedge Fund? The Traditional Long-Only Portfolio versus the Alternative Hedge Fund Portfolio 1

Chapter Two The Parlor Cars of the Gravy Train: The Long and the Short of It 29

Chapter Three Accessing the Inaccessible: From the Elite to Main Street 51

Chapter Four Heads We Win; Tails You Lose: Eating Your Own Cooking while Enduring Symmetrical Glories and Punishments 67

Chapter Five The Alpha Game: In Search of El Dorado 81

Chapter Six Ironing Out Inefficiencies: Exploiting the Efficient Market Theory 97

Chapter Seven A Balancing Act: Outperforming the Market while Taking Less Risk 117

Chapter Eight If You Can't Beat 'Em, Join 'Em: Hedge Fund Manager Selection and Due Diligence 143

Chapter Nine The Men Behind the Curtains: Fund of Hedge Funds 169

Chapter Ten From Wall Street to Park Avenue: Setting Up Shop at the Hedge Fund Hotel 193

Conclusion: The Shape of Things to Come 215

Appendix: Due Diligence Questionnaire 223

Notes 229
Acknowledgments 233

Rezension

'It makes for an easy, pleasurable read that resembles good fiction rather than a college text.' (eVestment HFN, June 2012)

Klappentext

The Little Book of Hedge Funds that's big on explanations even the casual investor can use

An 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.