The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund (The Wiley Finance Series)


Product Description
Updated edition of the book that gives investors, advisors, and managers the tools they need to launch and maintain a hedge fund in today's economyThe hedge fund industry has gone through dramatic changes in recent years. Investors of all types continue to want to place their assets into these investment vehicles even in the wake of the credit crisis, massive frauds, and insider trading scandals. Once the forbidden fruit of Wall Street, hedge funds are now considered "must have" investments in any diversified portfolio. Now in its second edition, The Fundamentals of Hedge Fund Management is revised and updated to address how the credit crisis, legislation, fraud, technology, investor demand, global markets, and the economic landscape have affected the industry.
Providing readers with a detailed and in-depth analysis of the world of hedge funds, the people working in it, and a look at where it's headed, the book is a timely and indispensable reference and research tool for helping professional money managers, traders, and others to launch and grow successful hedge fund businesses.
- Addresses how the credit crisis and its fallout has affected the hedge fund industry and what this means for the future
- Provides the essential information needed to launch and maintain a successful hedge fund in the new global economy
- Walks the reader through running a hedge fund, helping you to gain success over years, not just months
An essential resource for anyone looking to invest in these much-discussed investment products, The Fundamentals of Hedge Fund Management, Second Edition is now fully revised and updated.
The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund (The Wiley Finance Series) Review
Ok, I was stupid enough to buy the first edition of this expensive excuse for toilet paper. Pasted below is my review of that book. If you look through Daniel Strachman's various other books, you will see a trend....lots of very bad 1 star reviews. And some exuberant raving 5 star reviews...which if you look through the reviewers' other reviews, you realize they only reviewed his books and gave 5 stars. Hmmmmmmmmm.....I wonder how that happened. My personal opinion is that this guy is on the sketchy fringes of the financial industry trying to sucker people into buying his lame excuse of a book and his "consulting services". Loser...==============================================================
My Review of the First Edition:
This book is the hedge fund equivalent of late night schemers who sell you expensive guides to tell you how to get rich...and then refers you to hire other professionals and to hire his services.
This book has small amounts of useful information (short descriptions of what various service providers do, very basic legal structures, etc) that could be conveyed in 15 pages (not 141 of repetitive, rah rah fluff). It is just a thinly veiled marketing brochure for the author's other hedge fund "services".
There isn't even a proper description of the author's background or what he's proposing to sell, other than repeated reference to go to his website or email him about every basic piece of information that should be included in the book in the first place. Given the repetitive fluff in the book, he had plenty of space to include all this basic reference material...why didn't he???? why did we pay over 50usd to buy this book???
also the author is clearly not a sophisticated investor. he places proper importance to fund raising, but flat out states that generating alpha is very easy...i don't even know where to begin to mock his attitude. he's giving you advice in a know-it-all, absolutist fashion as if he's done it all, but frankly he runs a newsletter, and provides consulting services which no hard core hedge fund investor whose stated goal is to maximize his income would waste their time on.
Get Fabozzi's Handbook of Alternative Assets instead...much more detailed and useful.
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