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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.
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.
Anthony Scaramucci is the Founder and Managing Partner of SkyBridge Capital, a global alternative investment and advisory firm. The firm has [...] billion in assets under management or advisement as of January 31, 2012. He was the cofounder of Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001 after building a managed account business and four hedge funds having in aggregate more than [...] million of assets. Upon Neuberger Berman's sale to Lehman Brothers in 2003, he served as a Managing Director in their Investment Management Division. From 1989 to 1996, Mr. Scaramucci worked at Goldman Sachs & Co., where he was appointed a Vice President in Private Wealth Management in 1993.
Mr. Scaramucci is a recipient of the Ernst & Young Entrepreneur Of The Year 2011 New York Award in the Financial Services category and a board member of Warrior Gateway, The Lymphoma Foundation, and The Brain Tumor Foundation. He is also on the Board of Overseers for the School of Arts and Sciences at Tufts University and a member of the NYC Financial Services Advisory Committee and BENS (Business Executives for National Security). Mr. Scaramucci is the author of Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul and a regular CNBC contributor.
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
Erscheinungsjahr: | 2012 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | 272 S. |
ISBN-13: | 9781118099674 |
ISBN-10: | 1118099672 |
Sprache: | Englisch |
Herstellernummer: | 1W118099670 |
Einband: | Gebunden |
Autor: | Scaramucci, Anthony |
Hersteller: |
Wiley
John Wiley & Sons |
Maße: | 192 x 139 x 28 mm |
Von/Mit: | Anthony Scaramucci |
Erscheinungsdatum: | 01.05.2012 |
Gewicht: | 0,304 kg |
Anthony Scaramucci is the Founder and Managing Partner of SkyBridge Capital, a global alternative investment and advisory firm. The firm has [...] billion in assets under management or advisement as of January 31, 2012. He was the cofounder of Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001 after building a managed account business and four hedge funds having in aggregate more than [...] million of assets. Upon Neuberger Berman's sale to Lehman Brothers in 2003, he served as a Managing Director in their Investment Management Division. From 1989 to 1996, Mr. Scaramucci worked at Goldman Sachs & Co., where he was appointed a Vice President in Private Wealth Management in 1993.
Mr. Scaramucci is a recipient of the Ernst & Young Entrepreneur Of The Year 2011 New York Award in the Financial Services category and a board member of Warrior Gateway, The Lymphoma Foundation, and The Brain Tumor Foundation. He is also on the Board of Overseers for the School of Arts and Sciences at Tufts University and a member of the NYC Financial Services Advisory Committee and BENS (Business Executives for National Security). Mr. Scaramucci is the author of Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul and a regular CNBC contributor.
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
Erscheinungsjahr: | 2012 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | 272 S. |
ISBN-13: | 9781118099674 |
ISBN-10: | 1118099672 |
Sprache: | Englisch |
Herstellernummer: | 1W118099670 |
Einband: | Gebunden |
Autor: | Scaramucci, Anthony |
Hersteller: |
Wiley
John Wiley & Sons |
Maße: | 192 x 139 x 28 mm |
Von/Mit: | Anthony Scaramucci |
Erscheinungsdatum: | 01.05.2012 |
Gewicht: | 0,304 kg |