Customer Reviews

Hedge Funds: Definitive Strategies and Techniques (Wiley Finance)

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Written by hedge fund people and university researchers, this collection includes in-depth discussions of money-making techniques practiced by fund managers. It may not be for beginners, but offers practical insights for those with some knowledge of hedge funds.

The article on hedged equity strategies, for instance, classifies these by several characteristics such as the nature of a manager's research. The author then points out the pros and cons of each category, thereby clarifying key issues.

Another paper looks at global macro--the strategy made famous by George Soros. There is a common notion that the day of the giant macro fund is over and there will be nobody like Soros again. This author rejects the idea, arguing that potentially great macro managers are out there, waiting to be discovered.

Now that there is broader interest in hedge funds, books like this one can help demystify what these offer to investors who seek alternatives to mutual funds.

The writing is rather academic and a bit like a lecture. It's sort of like a primer on the topic. It is good in a sense, because it covers issues in a concise format but is not really for a trader