Hedge Fund Mirage The Illusion of Big Money and Why It's Too Good to Be True

Name: Hedge Fund Mirage The Illusion of Big Money and Why It's Too Good to Be True
Price: 6.66 USD
Availability: InStock
ISBN: 9781118164310

ISBN-10: 1118164318

ISBN-13: 9781118164310

Edition: 2012

Authors: Simon A. Lack

List price: $26.99

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Description:

Although some of the greatest fortunes in finance have been earned by hedge fund managers, investors as a group have done quite poorly. High fees, complex legal structures, poor timing and return chasing have led to the following stunning result: If all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Hedge fund investors need to do better than in the past in order to justify their hedge fund investments. This book will highlight the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance.

Book details

List price: $26.99
Copyright year: 2012
Publisher: John Wiley & Sons, Limited
Publication date: 1/27/2012
Binding: Hardcover
Pages: 208
Size: 6.10" wide x 8.90" long x 0.60" tall
Weight: 0.836
Language: English



Introduction


Acknowledgments



The Truth about Hedge Fund Returns


How to Look at Returns


Digging into the Numbers


The Investorï¿½s View of Returns


How the Hedge Fund Industry Grew


The Only Thing That Counts Is Total Profits


Hedge Funds Are not Mutual Funds


Summary



The Golden Age of Hedge Funds


Hedge Funds as Clients


Building a Hedge Fund Portfolio


The Interview Is the Investment Research


Long Term Capital Management


Too Many Bank Mergers


Summary



The Seeding Business


How a Venture Capitalist Looks at Hedge Funds


From Concept to the Real Deal


Searching for That Rare Gem


Everybody Has a Story


Some Things Shouldnï¿½t Be Hedged


Where Are the Customersï¿½ Yachts?


2008ï¿½The Year Hedge Funds Broke Their Promise to Investors


The Unseen Costs of Admission


The Hidden Costs of Being Partners


Hedge Fund Fraud


Why Less Can Be More with Hedge Funds