Customer Reviews

Investment Strategies of Hedge Funds (The Wiley Finance Series)

5 star:		(2)
4 star:		(4)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

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.

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.

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.

To get a quick overview of hedge-fund strategies, this is the book to read. Descriptions are not so precise that you can start trading afterwards, but sufficiently detailed that get an idea of what's going on without resorting to too many unexplained lingo.

This book is just the right level to provide a comprehensive review of hedge fund strategies without getting quantitative. I found it to be an excellent reference on understanding all the various hedge fund strategies conceptually and in application through useful examples.

If the subject interest you and you want to know how some funds do what they do or use their methods then you will want this book. The author has written many books in the field and this is a good place to start.