An accessible guide to effectively operating in the hedge fund arena
Hedge funds are now in the news more than a thousand times a day and yet it is hard to find clear, factual information about how they operate, raise capital, and invest. The Hedge Fund Book provides real-world case studies of various hedge fund managers providing a solid foundation in specialized hedge fund knowledge for both financial professionals and those aspiring to enter this field.
It provides an analysis of funds within different phases of their life cycles and investment processes, and examines each cycle in ways that would be informational for marketers as well as investors, bankers, and financial professionals who would like to learn more about day-to-day hedge fund operations
Addresses everything you need to know about this popular segment of the financial industry within a case study format
Each chapter contains several types of investment and situational analyses, insights and best practices along with a review and "test your knowledge section"
Written by a successful hedge fund consultant and head of one of the largest hedge fund networking groups in the industry with more than 30,000 members
This book is required reading for participants within the hedge fund industry's leading designation program, the CHP Designation
If you're looking to gain a better understanding of hedge funds, look no further than The Hedge Fund Book.
Richard C. Wilson
Most Helpful Customer Reviews
The book provides a discussion of various things to consider when starting a hedge fund. While the advice is generally sound, much of it is facile in nature.
Also, and this is the most annoying part of this book, Wilson has simply printed transcripts of interviews he conducted with numerous industry participants. If Wilson truly is an expert, he should take the time to distil the key points from these interviews and then couple them with his own views and write clear compelling chapters. Instead, he devotes pages and pages to interviewee bios, greetings ("Thanks for meeting with me"), and self-congratulatory comments ("That's a great point, Bill! I couldn't agree more").
In a further effort to increase the page count, he also pads it out with useless end of chapter summary questions and a long FAQ section. If those FAQ's are worthy of inclusion in the book, surely it would be useful to weave their content into the relevant chapters rather than simply bolting...
I'm looking at this book as someone outside of finance looking to get in.
Pros: Emphasizes creation of marketing materials. Talks about topics to mention specifically in marketing--very helpful. New insight: Focus on selling process, trust, risk management (especially) and infrastructure rather than returns Author has extra videos online that extend book topics, free discounts on related services. Author is well intentioned. Really liked that he included a standard due diligence questionnaire
Cons: Points made are often basic (emphasize unique selling proposition, positive thinking), rather than specific - Leaves out prime brokers & cap intro, soft dollars, legal & compliance issues (3c1vs 3c7, accredited vs qualified, etc.), historic context (Dodd-Frank legislation impact, rise of high frequency) & industry landscape (funds vs fund of funds, institutions vs family offices etc).
Author comes off as obsequious in the interviews...
Very basic stuff, primarily for people with absolutely no industry knowledge. Do a Google search for hedge fund information and you will get for free what this book has to offer.
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