Investment Strategies of Hedge Funds (The Wiley Finance Series) [Hardcover]

Filippo Stefanini (Author)

Book Description

Publication Date: October 2, 2006 | ISBN-10: 0470026278 | ISBN-13: 978-0470026274 | Edition: 1

One of the fastest growing investment sectors ever seen, hedge funds are considered by many to be exotic and inaccessible. This book provides an intensive learning experience, defining hedge funds, explaining hedge fund strategies while offering both qualitative and quantitative tools that investors need to access these types of funds. Topics not usually covered in discussions of hedge funds are included, such as a theoretical discussion of each hedge fund strategy followed by trading examples provided by successful hedge fund managers.

Editorial Reviews

Review

"This is a very good place to investigate the reality of hedge funds." (Pensions World, October 2007)

From the Inside Flap

"This book is a comprehensive review covering all aspects of hedge fund trading strategies. The real-life examples are particularly insightful for a beginner. A must-read for anyone involved with the hedge fund industry."
—Narayan Y. Naik
Associate Professor of Finance, Director, BNP Paribas Hedge Fund Centre

"This excellent introduction to the world of hedge funds takes the reader on a tour of the wide variety of strategies employed by these often mysterious but increasingly important investment institutions. Both students and professionals will value the nicely organized presentation that combines insightful discussions with many interesting facts and figures."
—Robert Stambaugh
Ronald O. Perelman Professor of Finance, The Wharton School, University of Pennsylvania

See all Editorial Reviews

Product Details

• Hardcover: 336 pages
• Publisher: Wiley; 1 edition (October 2, 2006)
• Language: English
• ISBN-10: 0470026278
• ISBN-13: 978-0470026274
• Product Dimensions: 9.8 x 6.8 x 1 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #52,993 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

51 of 52 people found the following review helpful:

4.0 out of 5 stars It is what it is, October 15, 2006

By 

A. Pamplona "statistically (un)significant" (Lisbon, PT Europe) - See all my reviews
(REAL NAME)   

This review is from: Investment Strategies of Hedge Funds (The Wiley Finance Series) (Hardcover)

The best attribute of this book is that it doesn't mislead the book buyer by presenting a big and juicy carrot on its title, only to fail the reader expectations throughout the book. In a nutshell, if you want to know what does mean covertible arbitrage, market neutral, distressed securities, merger arbitrage and so so, you'll get a detailed answer in there.

Chances are, however, the book buyer is searching for sources of inspiration for her own investment portfolio or her hedge fund selection process. In that case, the book is not worth it because it doesn't provide any evidence of what could be the strategies that might benefit the most from the current state in financial markets or which might benefit from future states or under uncertainty, etc. The book is just a compilation of known hedge fund strategies, a technical dictionary if you will, where you get a detailed explanation of this and that but no insight on when or where.

3 of 3 people found the following review helpful:

4.0 out of 5 stars Good overview of the different strategies, but..., August 19, 2009

By 

E. Job "zuiki" (New York, NY United States) - See all my reviews
(REAL NAME)   

This review is from: Investment Strategies of Hedge Funds (The Wiley Finance Series) (Hardcover)

If you want to have an overview of the top hedge fund strategies, this is a good book to read. It is an overview though. It does not go deep into each strategy, and at times, the explanations are superficial, or inaccurate, ex: when talking about merger arbitrage the author mentions the collapse of the tender offer for American Airlines in 1989.... but it was really the inability to finance a going private transaction for United Airlines at $180 plus per share that marked the end of the LBO driven bull market of the 80's.

7 of 9 people found the following review helpful:

5.0 out of 5 stars How Hedge Funds Make Money on their Investments, October 23, 2007

By 

JJ (Brooklyn, NY USA) - See all my reviews

This review is from: Investment Strategies of Hedge Funds (The Wiley Finance Series) (Hardcover)

A great book of explanations on investment strategies. An easy read that explains each strategy a hedge fund might employ. If you want to invest in hedge funds or you are studying to someday run a hedge fund, you need to know what they do. There are so many blogs, articles, news reports out there telling how risky these vehicles are. Make your own mind up. Read this book.