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The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns
 
 
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The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns [Hardcover]

Lois Peltz (Author)
2.7 out of 5 stars  See all reviews (7 customer reviews)

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Book Description

April 20, 2001
Learn how these superstars invest, where they invest, what works--and what doesn't
Since people have been making money in the markets, investors and would-be investors have been fascinated with the money managers and traders who have extracted superior returns. In The New Investment Superstars, Lois Peltz examines fifteen of today's most successful investors by their area of expertise, including stock-picking, global macro trading, sector investing, and more. Readers will learn how these great investors approach the markets at a time when volatility is high and certainty low. From the thirty-five-year-old Lee Ainslie (Maverick Capital), dubbed the "Win-Win Investor" by Worth magazine, and Ken Griffin, the thirty-one-year-old who started his first hedge fund as a freshman at Harvard, to Lee Cooperman, long a star stockpicker at Goldman, we meet today's superior managers and learn how they do it.
Peltz reveals that these new stars are flexible traders who inherently understand that long-term wins come from recognizing that markets are ever-changing and that they must adapt. By reading about how they've succeeded and where they lost, investors will learn about market change, and how success is achieved.
Lois Peltz (New York, NY) was editor-in-chief of MAR/Hedge Funds, an investment performance reporting service, for eight years. She is now President and CEO of Investment Information Providers, an information services company that provides investment information services to the professional investment community.

Frequently Bought Together

Customers buy this book with Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets $19.77

The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns + Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets


Editorial Reviews

From the Inside Flap

They are the elite, the cr?me de la cr?me, the Mozarts and da Vincis, the Einsteins and Michael Jordans of today's investment world. From among the thousands of hedge fund managers, they are the ones who, over the past decade, have risen above the rest to distinguish themselves. Although they are a diverse group in terms of age, background, investment strategy, and area of expertise, they all share an unquenchable passion for what they do and an undeniable genius for generating consistently high returns, year after year, under all conditions.

Now, The New Investment Superstars provides you with a unique opportunity to get to know these market masters and learn the original investment strategies they have used in many markets to outperform their peers.

From thirty-five-year-old Lee Ainslie (Maverick Capital), dubbed the "Win-Win Investor" by Worth magazine, to Leon Cooperman (Omega Advisors), Goldman Sachs' longtime star stockpicker, to the "trader's trader," David Tepper (Appaloosa Management), you'll meet today's top market movers and find out what makes them tick. Through a series of in-depth profiles, author Lois Peltz takes you inside their minds and their organizations. She reveals what motivates them and how they think. And she showcases their methods and examines what has worked for them in the past and what hasn't, what is working for them now and what isn't.

The thirteen managers featured in The New Investment Superstars were selected on the basis of a few basic criteria: Each manages at least $1 billion in assets, and each has matched or outperformed the S&P for at least seven years. Each is acknowledged by the investment community to be the best in a particular area of expertise-including stock-picking, global macro trading, sector investing, merger arbitrage, and eventdriven investing. And, as Lois Peltz reveals, each, throughout his or her career, has displayed an uncanny ability to adapt swiftly and decisively to changing market conditions.

In the final chapters, Peltz examines the new superstars from the other side of the equation-the investor's point of view. Working from interviews, she explores how well these new superstars have performed for institutions such as CalPERS, Swiss Life Insurance, and a large Japanese institution; for major endowments-including Stanford University, Wesleyan University, and Vassar College; and for private investors.

Don't miss this opportunity to meet the investment superstars of the new economy and learn the secrets to their phenomenal success.

From the Back Cover

Praise for The New Investment Superstars

"Lois Peltz's profiles of these outstanding money managers are interesting, insightful, and comprehensive. For anyone who is a serious investor in hedge funds, this book is invaluable."-Richard Elden, Chairman, Grosvenor Capital Management, LP

"Having access to the insights and analytical skills of Lois Peltz is like gaining entry into a great hedge fund after it has closed to new investors! Far too little has been written about hedge funds, and all too often private investors are fooled by the hype or mystified by the wildly disparate data on performance and categories. Lois has a journalist's insatiable curiosity and a financial professional's depth of knowledge. That combination makes for a fascinating read."-Charlotte B. Beyer, founder and CEO, Institute for Private Investors

"Well researched and illuminating. A must-read for serious institutional and high net worth investors. Perceptive insights into the minds and strategies of a gifted baker's dozen of superior hedge fund managers."-Lawrence Simon, President and Chief Executive Officer, Ivy Asset Management Corp.

"Lois Peltz offers fascinating insight into the hedge fund world and some of its key figures. The New Investment Superstars gives a fair and accurate description of some of the key events and individuals of recent years. This book should provide investors with enough insight to stop them from 'having to sleep with the lights on at night' worrying about some of these almost mythical figures in the business."-David Smith, Chief Investment Director, Global Asset Management

Product Details

  • Hardcover: 286 pages
  • Publisher: Wiley; 1 edition (April 20, 2001)
  • Language: English
  • ISBN-10: 047140313X
  • ISBN-13: 978-0471403135
  • Product Dimensions: 9.3 x 6.4 x 1.1 inches
  • Shipping Weight: 1.4 pounds (View shipping rates and policies)
  • Average Customer Review: 2.7 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #478,030 in Books (See Top 100 in Books)

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Customer Reviews

7 Reviews
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Average Customer Review
2.7 out of 5 stars (7 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

9 of 10 people found the following review helpful:
1.0 out of 5 stars Waste of Time, September 4, 2001
By A Customer
This review is from: The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns (Hardcover)
Very poorly written. Comments were too general. Offered little insight regarding reasons for the success of the managers. Best part of the book was the compilation of track records for each of the managers.
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9 of 11 people found the following review helpful:
1.0 out of 5 stars If you are looking for trading ideas, look elsewhere, October 11, 2001
By A Customer
This review is from: The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns (Hardcover)
This book contains an almost painful amount of detail concerning the organizational structure as well as the investor base of the hedge funds whose managers it profiles. Unfortunately, as far as actual trading strategies are concerned, it is a complete failure. It will tell you in which areas a fund is active, but give you excactly zero detail about the strategies and tactics used by its managers. Even some rather bad books I have read at least contained one or two ideas that were worth investigating, but I couldn't gain anything at all from this book. Also, some of the track records really aren't that impressive. Not really bad, but definitely not what you'd expect from "Superstars".
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6 of 7 people found the following review helpful:
4.0 out of 5 stars A long awaited, July 10, 2001
By A Customer
This review is from: The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns (Hardcover)
complement to the John Train/Jack Schwager series of books on managers. This book measures up well with its well-regarded peers. Lois Peltz has collected interesting information on hedge fund manager, most of whom are unknown even to investment cognoscenti. They are in her book because of their stellar records, despite the low profile many share (due to strict marketing regs for these investment pools). For readers who want a peek behind the hedge fund curtain, this book is ideal. It captures the personalities and backgrounds of the managers, and it benefits from Peltz's analysis of commonalties and future thoughts on the industry. If you are investment professional looking to add a couple of nuggets to your repertoire, you might feel slightly let down (hence 4, not 5, stars). The eye opening aspect for me was the annual returns revealed for each of the managers. This information is not widely available, and the magnitude and consistency of the annual returns was amazing for several of the managers. The extent of and rationale behind leverage is explored as well. Overall, the book was excellent, and I was happy to add it to my extensive collection of investment related tomes.
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Inside This Book (learn more)
First Sentence:
Julian Robertson of Tiger Management and George Soros of Soros Fund Management had long been recoganized as the great hedge fund managers. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
compound average annual return, other hedge fund managers, superstar managers, global macro managers, hedge fund community, macro traders, percent incentive fee, hedge fund industry, convertible arbitrage, macro trading, metals program, event arbitrage, investment policy committee, first hedge fund, hedge fund world, market neutral strategies, statistical arbitrage, merger arbitrage, senior portfolio managers, arbitrage fund, distressed securities, net exposure, risk arbitrage, hedge fund strategies, hedge funds
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, United States, Goldman Sachs, Capital Mgt, Stark Investments, Wall Street, Tiger Mgt, Swiss Life, Long-Term Capital Management, University of North Carolina, Salomon Brothers, Assets Current, Elliott Associates, Memorable Loss, Merrill Lynch, Organization Inception, Ownership of Assets, Role of Macro, Role of Technology, Type of Investor, Vassar College, Maverick Capital, Morgan Stanley, Paloma Partners, Soros Fund Mgt
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