Inside the House of Money : Top Hedge Fund Traders on Profiting in the Global Markets

by Drobny, Steven; Nicholas, Joseph G.

• ISBN13: 9780471794479
• ISBN10: 0471794473
• Edition: 1st
• Format: Hardcover
• Copyright: 2006-04-21
• Publisher: Wiley

Summary

Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest paid money managers approach their craft. Author Steven Drobny demystifies how these star traders make billions for well-heeled investors, revealing their theories, strategies and approaches to markets. Drobny, cofounder of Drobny Global Advisors, an international macroeconomic research and advisory firm, has tapped into his network and beyond in order assemble this collection of thirteen interviews with the industry's best minds. Along the way, you'll get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades. Whether Russian bonds, Pakistani stocks, Southeast Asian currencies or stakes in African brewing companies, no market or instrument is out of bounds for these elite global macro hedge fund managers. Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding the complexities at stake in world financial markets."The ruminations of supposedly hush-hush hedge fund operators are richly illuminating." --New York Times

Author Biography

STEVEN DROBNY is cofounder and partner of Drobny Global Advisors (DGA), an international macroeconomic research and advisory firm that counts many of the leading global hedge funds as clients. Prior to starting DGA, Drobny worked for Deutsche Bank's Hedge Fund Group in London, Singapore, and Zurich. Drobny holds a master's degree from the London School of Economics and Political Science and a bachelor's degree from Bucknell University. Please visit www.insidethehouseofmoney.com for information on Drobny, DGA, and this book.</p>

Table of Contents

Foreword by Joseph G. Nicholas (HFR Group)	ix
Preface	xi
1. Introduction to Global Macro Hedge Funds by Joseph G. Nicholas (HFR Group)	1	(4)
2. The History of Global Macro Hedge Funds	5	(26)
3. The Future of Global Macro Hedge Funds	31	(4)
4. The Family Office Manager: Jim Leitner (Falcon Management)	35	(36)
5. The Prop Trader: Christian Siva-Jothy (SemperMacro)	71	(32)
6. The Researcher: Dr.Andres Drobny (Drobny Global Advisors)	103	(30)
7. The Treasurer: Dr. John Porter (Barclays Capital)	133	(28)
8. The Central Banker: Dr. Sushil Wadhwani (Wadhwani Asset Management)	161	(20)
9. The Dot-Commer: Peter Thiel (Clarium Capital)	181	(18)
10. The Floor Trader: Yra Harris (Praxis Trading)	199	(18)
11. The Pioneer: Jim Rogers	217	(24)
12. The Commodity Specialist: Dwight Anderson (Ospraie Management)	241	(28)
13. The Stock Operator: Scott Bessent (Bessent	269	(20)
14. The Emerging Market Specialist: Marko Dimitrijevic (Everest Capital)	289	(20)
15. The Fixed Income Specialists: David Gorton and Rob Standing (London Diversified Fund Management)	309	(16)
16. The Currency Specialist: Anonymous	325	(16)
Conclusion	341	(2)
Appendix A: Why Global Macro Is the Way to Go by Dr. Lee R.Thomas III	343	(8)
Appendix B: A Note to Investors about Global Macro	351	(3)
Acknowledgments	354	(3)
Bibliography	357	(4)
Index	361