All About Hedge Funds : The Easy Way to Get Started [Paperback]

Robert Jaeger (Author)

Book Description

ISBN-10: 0071393935 | ISBN-13: 978-0071393935 | Publication Date: October 15, 2002 | Edition: 1

Hedge funds have long been viewed as mysterious, high-risk investments, unsuitable for most investors. All About Hedge Funds debunks these myths and explains how any investor can take advantage of the high-potential returns of hedge funds while incorporating safeguards to limit their volatility and risk. This clear-headed, commonsense guide tells investors:

• What hedge funds are--and what they are not
• Four key hedge fund strategies
• How to incorporate hedge funds into an existing portfolio
• Types of risk involved in hedge fund investing

Editorial Reviews

From the Back Cover

Everything You Need to Know About Hedge Funds--What They Are, How They Can Improve Your Portfolio

Hedge funds have long been viewed as shadowy, high-risk investments, suitable only for the super-wealthy. Today, increasing numbers of individuals and institutions have come to view hedge funds as a way to improve the overall performance of their portfolios, reduce the risk, or even do both.

All About Hedge Funds debunks the myths that surround this increasingly visible investment tool. This comprehensive-yet-easy-to-follow guidebook reviews the distinctive risks of hedge funds, then shows you how they fit into the universe of investment options and how they can be incorporated into a well-diversified portfolio. Regardless of your investment objectives and strategies, All About Hedge Funds is the essential book for determining if this potentially lucrative--and increasingly mainstream--vehicle is right for you.

Whether you are an experienced hedge fund investor or are just beginning to investigate hedge funds, All About Hedge Funds will give you detailed information on:

• Opportunities and risks in the popular hedge fund strategies
• Leverage, short selling, and hedging
• How hedge funds fit into the global financial system
• How hedge funds fit into a balanced stock/bond portfolio
• Legal, regulatory, and tax issues
• The EACM 100“ Index
• And much more

About the Author

Robert Jaeger, Ph.D., is vice chairman and chief investment officer of leading hedge fund firm Evaluation Associates Capital Markets.

Product Details

• Paperback: 309 pages
• Publisher: McGraw-Hill; 1 edition (October 15, 2002)
• Language: English
• ISBN-10: 0071393935
• ISBN-13: 978-0071393935
• Product Dimensions: 8.9 x 6 x 0.9 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (25 customer reviews)
• Amazon Best Sellers Rank: #43,634 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

38 of 42 people found the following review helpful:

5.0 out of 5 stars Fantastic overview of the industry, July 22, 2003

By 

therosen "therosen" (New York, NY United States) - See all my reviews
(VINE VOICE)   

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This review is from: All About Hedge Funds : The Easy Way to Get Started (Paperback)

This book presents a fantastic overview of the hedge fund industry. The intended target audience is hedge fund investors, which is reinforced by the author's credentials as an executive in a "Fund of Funds". In addition, the book would be very useful as an interview to financial markets, useful for business students interested in careers in trading or hedge funds.

The book starts with a broad overview of market theory, covering efficient markets, diversification theory and strengths and weaknesses of the "Random Walk" theory. The book then moves to an overview of the various investment tools available to hedge funds, such as going long and short on stock prices and volatility. (If you'd like to know in plain english what being "long volatility" means, this is a good book for you!) The book then covers legal, financial and operational details of running a fund. Lastly, it covers the various types of funds, such as equity funds and event driven funds. The scope of the material covers financial institutions such as investment banks and brokers that support hedge funds.

In summary, this was a very informative introductory text on both hedge funds and markets. It will be very useful to both new investors in hedge funds, as well as students of financial markets. The math is well explained, and there are only a few tough technical sections.

Enjoy!

25 of 29 people found the following review helpful:

5.0 out of 5 stars Excellent Primer on Hedge Funds and the Industry, March 31, 2003

By 

Stacy E. Burrell "stacyburrell.blogspot.com" (Detroit, MI USA) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: All About Hedge Funds : The Easy Way to Get Started (Paperback)

This book delivered what I was looking for and more. I needed an introduction to hedge funds and the industry and the book does an excellent job of providing this information in complete and concise detail. In addition, the book also gives a good overview of portfolio theory and how it relates to actual practice. There is also a section that describes the prevalent hedge fund strategies with historical performances. I highly recommend this book to those interested in starting their own fund or wishing to work in the industry.

14 of 16 people found the following review helpful:

5.0 out of 5 stars Excellent, November 11, 2003

By 

David Siegel (New York, ny United States) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: All About Hedge Funds : The Easy Way to Get Started (Paperback)

Not just for people looking for a hedge fund! This book is a great introduction to modern portfolio theory and gives excellent descriptions of most key concepts. If there's a 2nd edition, I hope he will include more clarity and discussion of key terms like Sharpe Ratio (there are 2 definitions in customary usage, it's an important and misunderstood number, and there is no occurrence of "sharpe ratio" in the index), Alpha, Beta, R-squared, etc. Nonetheless, this book is extremely helpful and highly recommended.