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9780470430019

The Long and Short Of Hedge Funds: A Complete Guide to Hedge Fund Evaluation and Investing

by Daniel A. Strachman
  • ISBN13:

    9780470430019

  • ISBN10:

    047043001X

  • Format: eBook
  • Copyright: 2009-04-01
  • Publisher: Wiley
  • Purchase Benefits
List Price: $95.00
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Summary

An innovative A to Z guide to the world of hedge fundsThe Long and Short of Hedge Funds presents readers with a unique look at these investment vehicles, the people who run them, and those who provide services to them. This book is a detailed guide of the industry and offers rare access to hedge fund managers and industry participants. The book provides the reader with a real education about hedge funds, gaining a firm understanding of the industry.

Table of Contents

Acknowledgements
Introduction
Hedge Funds Past, Present, and Future
The Father of the Hedge Fund Industry
Why Invest in Hedge Funds?
Understanding the Market
What Happened at Bear, and Why
Why This Book?
Hedge Funds Today
Hedge Funds In The News
How Hedge Funds are Regulated
Recent Calls for Regulation
Hedge Fund Fees
Commission Give-Up
Continuing the Jones Legacy
The Men Who Made the Industry What it is Today
A Force to Be Reckoned With
Hedge Fund Legends
George Soros
How Soros Managed Money
Michael Steinhardt
How Steinhardt Managed Money
Julian Robertson
How Robertson Managed Money
Standing on the Shoulders of Giants
Running Your Fund Transparently
When Good Funds Go Bad
What You Can Learn from the Credit Crisis
What Went Wrong
Perception versus Reality
Fraud
Information Exchange
Giving Your Investors Their Due
Explaining Your Strategy
Keeping the Lines of Communication Flowing
Communication During a Crisis
Jumping on the Hedge Fund Bandwagon
The Year of the Hedge Fund
Where the Industry is Heading
How Hedge Funds are Packaged
Funds of Funds
How a Fund of Funds Works
Fund of Fund Economics
The Costs of Running a Fund of Funds
Fund of Funds Growth
Fund of Fund Buyouts
Managers of Managers
MOM Knows Best
The Pros and Cons of Transparency
Diversifying Your Portfolio
Avoiding Common Problems
How to Raise Money
Friends and Family, Referrals, and Perfect Strangers
Dialing for Dollars
Making Connections
Capital Introduction Services
How Capital Services Work
Third-Party Marketing
Choosing a Third-Party Marketer
When to Hire a Third-Party Marketer
The Road to Wealth
Conducting Reconnaissance
A Cautionary Tale
If You Build It, They Won't Come
Finding the Right Investors
Taking Your Strategy to the Streets
Vetting Your Investors
Preparing the Pitch Book
A Few Final Thoughts on the Essence of Successful Marketing
The Supporting Staff
The Cardinal Rule of Choosing a Service Provider
The Lawyers
Choosing an Experienced Attorney
What to Ask Your Attorney
The Accountants
Prime Brokers
Third-Party Administration
Calculating Net Asset Values
Size Matters
Finding a Third Party Administrator
Using a Third-Party Administrator for Onshore Funds
Using a Third-Party Administrator for Offshore Funds
Insurance Companies
Headhunters
Other Services
Taking Advantage of Technology
Parting Thoughts on Service Providers
Fraud, Collapse, and the Kitchen Sink
Why Fraud Exists
Is Fraud Really Rampant in the Hedge Fund Industry?
Why the Popular Press Has it Wrong
Why Hedge Funds Implode
In a Word: ôEgoö
Why Fraud Happens in the Hedge Fund Industry
The KL Financial Debacle
Manhattan Investment Fund
Lake Shore Fund Complex
Hedge Fund Mismanagement
The Amaranth Story
DB Zwirn & Company
Bear Stearns
What Went Wrong
How to Protect Yourself
Regulatory Moves to Stop Fraud and Mismanagement
Investor Due Diligence
Manager Due Diligence
Making a Good First Impression
A Few Parting Thoughts.
Due Diligence Questionnaire
Resource Guide
Historic Performance of Hedge Funds
Glossary
Notes
Index
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

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