The Hedge Fund Book: A Training Manual for Professionals and Capital-Raising Executives [Hardcover]

Richard C. Wilson (Author)

Book Description

Publication Date: June 8, 2010 | ISBN-10: 0470520639 | ISBN-13: 978-0470520635 | Edition: 1st

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.

Editorial Reviews

Review

I read Richard Wilson's book prior to launching my first hedge fund.  Thanks to the book, we successfully launched the fund an raised the needed capital in record time.  The book made the process far easier

         - Craig Nelson, Prima Equity Partners

This is the most comprehensive resource on the hedge fund industry that I've seen put into print.

          - Matt Recore, Recore Capital Growth Fund LLP

This book save a lot of time, energy, and money by teaching hedge fund marketing in a practical way.  Hedge fund managers who read this book will move up the learning curve at a rapid pace.

          - Hendrik Klein, CEO, Da Vinci Invest AG

There is not a more current, critical, and revealing book out there now about the future of the hedge fund industry.  Packing in knowledge from leading experts, Wilson has compiled a treasure trest of information and best practices here.

       - Scott Cohen, CPA, President, Hedge Solutions

Richard really captures all the facets of running a hedge fund.  The interview format and Q & A at the end of each chapter make it easy for someone outside the industry to learn about the alternative investment space. 

        - Lance Baraker

From the Inside Flap

Hedge funds are now in the news more than a thousand times a day, and yet it's hard to find clear, factual information about how they actually operate, raise capital, and invest.

That's why author Richard C. Wilson—head of the largest hedge fund networking group in the industry—has created The Hedge Fund Book. Filled with extensive interviews of various hedge fund managers, real-world case studies, review questions, and much more, this one-of-a-kind resource provides a solid foundation in specialized hedge fund knowledge for both financial professionals and those aspiring to enter this field.

Page by page, The Hedge Fund Book offers expert analysis of funds within different phases of their life cycles and investment processes, and examines each cycle in ways that would be informative for marketers as well as investors, bankers, and financial professionals who would like to learn more about day-to-day hedge fund operations. Along the way, this accessible guide will show you:

• How hedge fund managers can immediately increase their operational effectiveness

• Over 100 ways you can improve your hedge fund business or marketing processes with direct advice and interviews with industry veterans and hedge fund managers

• Why most hedge fund managers struggle to raise capital and how being proactive within the right areas can allow a small team to raise a large amount of capital

• How to implement governance best practices that will improve investor confidence, enhance decision-making processes, and decrease the risk of some types of fraud

• How hedge funds are improving their business structure and processes without spending millions on infrastructure

• How to start a hedge fund without over-spending or killing your chances of raising capital in the future

• How to emulate the best practices of larger hedge funds, which have learned many lessons the hard way

Along with the information found here, there is also a series of over fifty video resources that act as a supplement to this training manual. Throughout the book, there are references to these resources, and the complete list of videos available may be seen at HedgeFundTraining.com/Videos.

Whether you're looking to gain a better understanding of hedge funds from a professional perspective or studying for the Certified Hedge Fund Professional (CHP) Designation Program, this book has the information you need to succeed in such a fast-moving field.

See all Editorial Reviews

Product Details

• Hardcover: 208 pages
• Publisher: Wiley; 1st edition (June 8, 2010)
• Language: English
• ISBN-10: 0470520639
• ISBN-13: 978-0470520635
• Product Dimensions: 6.3 x 0.8 x 9.1 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars  See all reviews (60 customer reviews)
• Amazon Best Sellers Rank: #64,254 in Books (See Top 100 in Books)

More About the Author

Richard C. Wilson is a bestselling author and global speaker who works with family offices, the ultra-wealthy, and large hedge fund and private equity fund managers daily.

Richard is the founder of the 40,000 member family office association called the Family Offices Group, and the 85,000 member Hedge Fund Group (HFG). Richard is CEO and Founder of Richard Wilson Capital Partners, LLC where he works to connect family offices with best-of-breed fund managers.

Much of Richard's writing attempts to remove the secrecy, and lack of clear information within the areas of family offices, capital raising, and hedge funds. To learn more about family offices and explore the resources Richard has published there please visit http://FamilyOfficesGroup.com

To learn more about the Hedge Fund Group (HFG) and related trainings please visit http://HedgeFundGroup.org

Richard Wilson may be reached at [e-mail]

Most Helpful Customer Reviews

34 of 35 people found the following review helpful

2.0 out of 5 stars Some good ideas, but sloppy writing and zero editing October 3, 2011

By Colin Kilgour

Format:Hardcover|Amazon Verified Purchase

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 them on as the final chapter.

In the book, Wilson advises budding hedge fund managers to make sure they've got a killer Powerpoint pitch that is concise. Frankly, he should have taken his own advice and shortened this book to about a 20 page brochure or Powerpoint. But then it would be tough to command 'hardcover' book prices.

23 of 24 people found the following review helpful

3.0 out of 5 stars Solid if basic information May 29, 2011

By Russell

Format:Hardcover|Amazon Verified Purchase

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 when he always agrees with subjects. Too many interviews with service providers, not enough with name brand hedge fund managers. Study questions seem silly for a non-academic book.

3 of 4 people found the following review helpful

1.0 out of 5 stars waste of time and money August 31, 2012

By J. Rogers

Format:Hardcover

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.