Anthony Scaramucci

The Little Book of Hedge Funds

What You Need to Know About Hedge Funds, but the Managers Won't Tell You

• Gebundenes Buch

Produktbeschreibung

The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style.

Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book:

- Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work

- Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities

- Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds

- Explores a variety of financial instruments--including leverage, short selling and hedging--that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets

Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy.

Produktdetails

• Little Books. Big Profits .
• Verlag: Wiley & Sons
• Artikelnr. des Verlages: 1W118099670
• 1. Auflage
• Seitenzahl: 272
• Erscheinungstermin: 25. Mai 2012
• Abmessung: 192mm x 139mm x 28mm
• Gewicht: 307g
• ISBN-13: 9781118099674
• ISBN-10: 1118099672
• Artikelnr.: 33281210

Autorenporträt

Anthony Scaramucci is the Founder and Managing Partner of SkyBridge Capital, a global alternative investment and advisory firm. The firm has $5.8 billion in assets under management or advisement as of January 31, 2012. He was the cofounder of Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001 after building a managed account business and four hedge funds having in aggregate more than $800 million of assets. Upon Neuberger Berman's sale to Lehman Brothers in 2003, he served as a Managing Director in their Investment Management Division. From 1989 to 1996, Mr. Scaramucci worked at Goldman Sachs & Co., where he was appointed a Vice President in Private Wealth Management in 1993. Mr. Scaramucci is a recipient of the Ernst & Young Entrepreneur Of The Year 2011 New York Award in the Financial Services category and a board member of Warrior Gateway, The Lymphoma Foundation, and The Brain Tumor Foundation. He is also on the Board of Overseers for the School of Arts and Sciences at Tufts University and a member of the NYC Financial Services Advisory Committee and BENS (Business Executives for National Security). Mr. Scaramucci is the author of Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul and a regular CNBC contributor.

Inhaltsangabe

Foreword xi Introduction: Anatomy of a Hedge Fund: The Password Is . . . xv
Chapter One What Is a Hedge Fund? The Traditional Long-Only Portfolio
versus the Alternative Hedge Fund Portfolio 1 Chapter Two The Parlor Cars
of the Gravy Train: The Long and the Short of It 29 Chapter Three Accessing
the Inaccessible: From the Elite to Main Street 51 Chapter Four Heads We
Win; Tails You Lose: Eating Your Own Cooking while Enduring Symmetrical
Glories and Punishments 67 Chapter Five The Alpha Game: In Search of El
Dorado 81 Chapter Six Ironing Out Inefficiencies: Exploiting the Efficient
Market Theory 97 Chapter Seven A Balancing Act: Outperforming the Market
while Taking Less Risk 117 Chapter Eight If You Can't Beat 'Em, Join 'Em:
Hedge Fund Manager Selection and Due Diligence 143 Chapter Nine The Men
Behind the Curtains: Fund of Hedge Funds 169 Chapter Ten From Wall Street
to Park Avenue: Setting Up Shop at the Hedge Fund Hotel 193 Conclusion: The
Shape of Things to Come 215 Appendix: Due Diligence Questionnaire 223 Notes
229 Acknowledgments 233

Rezensionen

Most of the books I've read on investing are about as appealing as chewing on a cinder block. Fortunately, Anthony Scaramucci has written The Little Book of Hedge Funds, an entertaining and informative book without the typical Wall Street bombast, and it's nearly small enough to fit into my back pocket.

Scaramucci is a regular contributor to CNBC's Fast Money, so he knows how to deliver a cogent message when he explains "the history and evolution of hedge funds and how they operate." The Little Book of Hedge Funds has everything from interviews with industry giants (Leon Cooperman) to a Due Diligence Questionnaire for potential investors. This is not a book loaded with charts, spreadsheets and algorithms but rather a straightforward anecdotal piece with something for everyone. Whether you're a neophyte who wants to learn the basics, an investment guru who'd like to pick up some gossip -- or more importantly -- someone who is considering investing their savings with a money manager, this is a worthwhile read.

There are numerous comedy analogies throughout the book, and I found this one particularly amusing: "Mutual funds are Rodney Dangerfield, while hedge funds are Jon Stewart."

I'm not sure how accurate that is, but it kept me reading from cover to cover.

URL: http://www.huffingtonpost.com/rob-taub/book-review-the-little-bo_b_1443135.html

--The Huffington Post By Rob Taub Apr. 23, 2012