The Hedge Fund Mirage

The Illusion of Big Money and Why It's Too Good to Be True

Business & Finance, Finance & Investing, Investments & Securities
Cover of the book The Hedge Fund Mirage by Simon A. Lack, Wiley
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Simon A. Lack ISBN: 9781118206201
Publisher: Wiley Publication: November 30, 2011
Imprint: Wiley Language: English
Author: Simon A. Lack
ISBN: 9781118206201
Publisher: Wiley
Publication: November 30, 2011
Imprint: Wiley
Language: English

The dismal truth about hedge funds and how investors can get a greater share of the profits

Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good.

Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance.

  • The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck
  • Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s

Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The dismal truth about hedge funds and how investors can get a greater share of the profits

Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good.

Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance.

Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.

More books from Wiley

Cover of the book Holographic Data Storage by Simon A. Lack
Cover of the book Introduction to the US Food System by Simon A. Lack
Cover of the book Handbook of Heterogenous Kinetics by Simon A. Lack
Cover of the book Organic Light-Emitting Transistors by Simon A. Lack
Cover of the book The 123s of ABC in SAP by Simon A. Lack
Cover of the book Paralegal Career For Dummies by Simon A. Lack
Cover of the book Biofuels and Bioenergy by Simon A. Lack
Cover of the book Occupation-Centred Practice with Children by Simon A. Lack
Cover of the book How to Write a Grant Proposal by Simon A. Lack
Cover of the book The Vibe by Simon A. Lack
Cover of the book Community College Finance by Simon A. Lack
Cover of the book Lanthanide and Actinide Chemistry by Simon A. Lack
Cover of the book The Informal Media Economy by Simon A. Lack
Cover of the book Strategies for Teaching Boys and Girls -- Elementary Level by Simon A. Lack
Cover of the book Naked Forex by Simon A. Lack
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy