Cover image for Getting started in hedge funds
Title:
Getting started in hedge funds
Author:
Strachman, Daniel A., 1971-
Personal Author:
Publication Information:
New York : Wiley, [2000]

©2000
Physical Description:
x, 209 pages : illustrations ; 24 cm.
Language:
English
Subject Term:
ISBN:
9780471316961
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Item Holds
Searching...
HG4530 .S837 2000 Adult Non-Fiction Non-Fiction Area
Searching...

On Order

Summary

Summary

"This book should be required reading for anyone who invests in hedge funds." - L. Michael Cacace,Senior Editor, Fortune magazine

A Fascinating and Informative Introduction

"A worthwhile and thoughtful book on what is now considered to be a growth industry." - Michael Steinhardt, Steinhardt Management

"Getting Started in Hedge Funds is a fascinating book about one of Wall Street's most fascinating subjects." - Beth Piskora, New York Post Business Columnist

From the small investor to the professional trader, everyone is fascinated by the world of hedge funds. With its high-profile traders and tales of amazing profits--and frightening losses--hedge fund investing can seem vastly different from more traditional money management. In addition, the lack of accurate press coverage combined with the reticence of most hedge fund managers has made it next to impossible for outsiders to learn the real scoop on hedge funds...until now.

Getting Started in Hedge Funds provides investors with a complete and highly accessible introduction to hedge funds: what they are, how they started, how they work, and who manages them. Written by a financial writer and Wall Streeter who knows this world from the inside, this book:
* Explores the industry in its entirety;-from $2 million to $2 billion operations
* Tells the story of hedge funds from their inception in 1949 to today
* Profiles the strategies of both up-and-coming fund managers and heavyweights like Soros, Robertson, and Steinhardt
* Develops guidelines for choosing a hedge fund using returns, performance, and risk
* Shows smaller investors how to get in on the action


Author Notes

DANIEL A. STRACHMAN is Vice President of Product Development at a New York- based money management firm. Before moving to the Street, Strachman was a financial journalist and he continues to write extensively on hedge funds, commercial banking, and trading technology.


Table of Contents

Acknowledgments
Introduction: Why Hedge Funds?
Chapter 1 Hedge Fund Basics
The Near Collapse of Long-Term Capital Management
A Brief History of Hedge Funds
The Current State of the Hedge Fund Industry
Alfred Winslow Jones-The Original Hedge Fund Manager
Chapter 2 How Hedge Funds Operate
Starting a Hedge Fund
Hedge Fund Regulations and Structures
How Hedge Funds Use Leverage
Patriarchs of the Hedge Fund World
Hedge Funds Take All the Heat
George Soros-The World's Greatest Investor
Chapter 3 The Managers
Judy Finger and Doug Topkis-Haystack Capital LP
David Taylor and Mike Williams-Cover Asset Management LLC
Paul Reiferson and Jeff Lopatin-Americus Partners LP
Guy Wyser-Pratte-Wyser-Pratte
Bill Michaelcheck-Mariner Investment Group
Nancy Havens-Hasty-Havens Advisors LLC
Steve Cohen-SAC Capital
Chapter 4 Hedge Fund Investing
An Investment Adviser
An Institutional Investor
Third-Party Marketers
An Individual Investor
A Consulting Firm
A Manager of Managers
Conclusion
Appendix
Hedge Fund Strategies
Glossary
Notes
Index