The Invisible Hands Top Hedge Fund Traders on Bubbles, Crashes, and Real Money

by Drobny, Steven; Roubini, Nouriel; Diamond, Jared

• ISBN13: 9781118065488
• ISBN10: 1118065484
• Edition: Reprint
• Format: Paperback
• Copyright: 2011-09-13
• Publisher: Wiley

Summary

Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes need to be made, and managers who actually made money during 2008 make for a logical starting place. The Invisible Hands provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management. Contains revealing interviews with top hedge fund managers who survived and prospered through the 2008 financial crisis Outlines investments and strategies for the rocky road ahead Reveals how hedge fund managers are seeking a new paradigm of risk management and profit making opportunities in the post-crisis world Gives guidance on how traditional investors such as pensions, endowments, foundations and family offices should rethink how they approach asset allocation and portfolio construction Page by page, the top macro thinkers found in this book reveal their own approaches to markets, risk, and the broader world in which we live, as well as their advice on how investors should be approaching money management in today's uncertain world.

Author Biography

Steven Drobny is cofounder of Drobny Global Advisors (DGA), an international macroeconomic research and advisory firm that counts many leading global hedge funds as clients. He is also the author of the critically acclaimed Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Wiley). Please visit www.drobny.com for more information on Drobny, DGA, and this book.

Table of Contents

Foreword	p. ix
Foreword to the Previous Edition	p. xiii
Preface	p. xix
Preface to the Previous Edition	p. xxiii
Real Money And The Crash of '08	p. 1
Rethinking Real Money	p. 3
The Researcher	p. 33
The Family Office Manager	p. 53
The Invisible Hand	p. 77
The House	p. 79
The Philosopher	p. 111
The Bond Trader	p. 149
The Professor	p. 169
The Commodity Trader	p. 205
The Commodity Investor	p. 235
The Commodity Hedger	p. 269
The Equity Trader	p. 299
The Predator	p. 327
The Plasticine Macro Trader	p. 349
Final Word	p. 385
The Pensioner	p. 387
Conclusion	p. 411
Acknowledgments	p. 415
Bibliography	p. 419
About the Author	p. 427
Index	p. 429
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