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The Little Book of Hedge Funds: What You Need to Know About Hedge Funds, but the Managers Won't Tell You
The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy.
272 pages, Hardcover
First published November 29, 2011
42 people are currently reading
397 people want to read
About the author
Anthony Scaramucci
18 books33 followersAnthony Scaramucci is an American financier, entrepreneur and political figure. He is the founder and co-managing partner of SkyBridge Capital, a global alternative investments firm.
As part of the first generation of his family to attend college, Scaramucci graduated from the Tufts University and Harvard Law School before embarking on a successful career in the financial services industry. In November 2016, Scaramucci was named to President-Elect Trump’s Presdential Transition Team Executive Committee. In June 2017, he was named the Chief Strategy Officer of the Export-Import Bank. He served as the White House Communications Director for 11 days in July 2017.
In 2016, Scaramucci was ranked #85 in Worth Magazine’s Power 100: The Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year-New York” Award in the Financial Services category. He is a member of the Committee on Foreign Relations (CFR).
Scaramucci was born and raised on Long Island, New York, where he still resides today.
As part of the first generation of his family to attend college, Scaramucci graduated from the Tufts University and Harvard Law School before embarking on a successful career in the financial services industry. In November 2016, Scaramucci was named to President-Elect Trump’s Presdential Transition Team Executive Committee. In June 2017, he was named the Chief Strategy Officer of the Export-Import Bank. He served as the White House Communications Director for 11 days in July 2017.
In 2016, Scaramucci was ranked #85 in Worth Magazine’s Power 100: The Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year-New York” Award in the Financial Services category. He is a member of the Committee on Foreign Relations (CFR).
Scaramucci was born and raised on Long Island, New York, where he still resides today.
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Displaying 1 - 20 of 20 reviews
July 3, 2021
Okayish with very basic info. A classic example of “this meeting could have been an email”. :p
June 16, 2012
Good introduction to the topic.
If you are in the investment business, you can breeze through this book by reviewing the headlines and reading those areas that are specific interest. For you, the due diligence section will likely be the most useful.
If you are new to the topic, it is a good quick read. Scaramucci does a good job of keeping the text informative but not too thick (think = little jargon). Sorry, he does that a lot in the text.
If you are in the investment business, you can breeze through this book by reviewing the headlines and reading those areas that are specific interest. For you, the due diligence section will likely be the most useful.
If you are new to the topic, it is a good quick read. Scaramucci does a good job of keeping the text informative but not too thick (think = little jargon). Sorry, he does that a lot in the text.
January 22, 2013
Very good book, read it in one weekend and still quote some of its phrases. Most important is the authors foresight that hedge funds need to become more transparent in order to grow further. I fully support this view. More over hedge funds should be banned from taking uneducated investors money and really focus on institutional investors only. With the major banks now shutting down prop trading desks hedge funds have the chance to grow by attracting banks money.
December 8, 2014
You might have different reasons to read about Hedge Funds. My was to understand what these "creatures" are what strategies are they using. Despite the fact Hedge Fund world is very complex and full of scientifical and mathematical mysteries, how they pick winners and losers, this books is suprisignly light read. Anthony focuses on explaining world of hedge funds in approachable and entertaining manner. It is the great intro to world of hedge funds and good summary for you to understand when next time someone will be talking about: Long-Short or Arbitrage. Given the fact that hedge funds massively influences what is going on in the market it is good to recognise when some stock "behaves" like might be in their crosshairs. Also it helps understand what people like Bill Ackman do when they play their strategies like for in Herbalife, Allergan or currently in Zooetis. I didn't become expert in hedge fund after reading thi. but I do have much clearer idea what guys like Suhail Capital who is constantly chasing Veeva Systems (VEEV) on SeakingAlpha.com do. And by the way....it was also good finally learn what Alpha and Beta means.
February 19, 2014
Before reading this Little Book I wasn't too aware of the part hedge funds play in the financial world nowadays.
Scaramucci however clarified a lot. He describes every aspect of the hedge fund business in an meticulous way, and only loses part of his credibility when he talks too much about the justification of the two-and-twenty fee schedule. His chapters on 'The alpha game', funds of funds and the manual for new workers in the hedge fund industry are outstanding.
Makes me want to read more about all the constructions in and wonders of the financial industry.
And, the prize for most self-ironic description of a hedge fund goes to Barton M. Biggs: "A hedge fund is a pool of money run by a small number of cocky, arrogant souls who charge outrageous fees including a carried interest and expect to shoot the lights out"
Scaramucci however clarified a lot. He describes every aspect of the hedge fund business in an meticulous way, and only loses part of his credibility when he talks too much about the justification of the two-and-twenty fee schedule. His chapters on 'The alpha game', funds of funds and the manual for new workers in the hedge fund industry are outstanding.
Makes me want to read more about all the constructions in and wonders of the financial industry.
And, the prize for most self-ironic description of a hedge fund goes to Barton M. Biggs: "A hedge fund is a pool of money run by a small number of cocky, arrogant souls who charge outrageous fees including a carried interest and expect to shoot the lights out"
February 22, 2017
If you are a finance student, this would be a good short book to read before your hedge fund class. While Mr. Scaramucci initially promised a jargon free presentation, he quickly reverted to the mean by using technical terms throughout; making this book not-ideal for the true neophyte. None-the-less, he does a good job covering the general relevant concepts.
August 5, 2013
So hedge funds are meant to make money whatever the market conditions, using puts and calls judiciously.
And apparently they create value by investing funds properly. Still not convinced of the merits of the majority of the financial sector. (derivatives and all)
And apparently they create value by investing funds properly. Still not convinced of the merits of the majority of the financial sector. (derivatives and all)
June 27, 2015
What are these "creatures" called hedge funds ?
A brief introduction to hedge funds is all you'll find in this book.
" Mutual funds are general practitioners in medicine - while hedge funds are the surgeons - generally the neuro kind "
A brief introduction to hedge funds is all you'll find in this book.
" Mutual funds are general practitioners in medicine - while hedge funds are the surgeons - generally the neuro kind "
August 1, 2016
This is an excellent primer on the world of hedge fund from a man who not only runs a firm that invests in hedge funds but also runs the premier hedge fund conference. It dispels a lot of misconceptions and is an easy read for anyone looking to dip their toes into this world.
July 16, 2012
Great overview of hedge funds.
Entertaining writer; good quotations/anecdotes.
Entertaining writer; good quotations/anecdotes.
July 8, 2013
This was a really well-written and accessible introduction to the clandestine world of hedge funds. Really good read.
October 9, 2019
Scaramucci is a very entertaining writer And this is probably a fine book for someone new to investing and looking to gain enough information to start asking questions about hedge funds.
Nevertheless, it wasn’t quite what I was looking for. I’m a fairly sophisticated investor who’s never dabbled in hedge funds and would’ve liked to have seen him go deeper into things like alpha, beta, Cost and fee structure, and selection methodology.
Nevertheless, it wasn’t quite what I was looking for. I’m a fairly sophisticated investor who’s never dabbled in hedge funds and would’ve liked to have seen him go deeper into things like alpha, beta, Cost and fee structure, and selection methodology.
January 16, 2019
The book does what it claims to do: tells you about Hedge Funds. The author does show an admirable charm and passion about his industry and at times it is contagious. A breezy read, though Scaramucci is no Michael Lewis, hence, four stars
February 3, 2021
The book describes history to the present day (2009) chronology of hedge funds. There are interviews of hedge fund managers, some of them are worth a read.
P.S. hedge strategies given in book are for beginners.
It's OK if you give this book a miss. You wont loose much of a information.
P.S. hedge strategies given in book are for beginners.
It's OK if you give this book a miss. You wont loose much of a information.
August 6, 2019
Super Useful Information
October 9, 2021
Nice book easy to understand and read. It has the principles clear.
June 17, 2022
Decent. Simple & brief overview of the universe of hedge funds.
August 26, 2023
Pretty basic, but easy to understand
The content of the book is basic and easy to understand for readers who have minimal finance knowledge and experience.
The content of the book is basic and easy to understand for readers who have minimal finance knowledge and experience.
May 5, 2025
Reads more like a blog in book form.
November 20, 2025
Alpha & Beta.
Fondos de fondos.
Sinceramente ¡Me encantó! Pero faltó muchísima info.
Fondos de fondos.
Sinceramente ¡Me encantó! Pero faltó muchísima info.
Displaying 1 - 20 of 20 reviews