Getting Started in Hedge Funds: From Launching a Hedge Fund to New Regulation, the Use of Leverage, and Top Manager Profiles

by Daniel A. Strachman

The book on hedge fund basics, completely updated to reflect today’s post-crisis industry The hedge fund industry has been reeling in the wake of recent Ponzi schemes and insider trading scandals as well as the loss of billions of dollars in assets under management due to fund closures. Getting Started in Hedge Funds, Third Edition focuses on the current state of the industry; how hedge funds did or did not survive the subprime and subsequent credit crisis; and, what the future holds for investors. Getting Started in Hedge Funds, Third Edition also provides readers with a brief overview of the industry's history, and describes the inner-workings of these complex investment vehicles, including how to start a hedge fund, and what new regulations means for managers and investors. •    Profiles 10 highly successful hedge fund managers •    Addresses the Madoff scandal, as well as other lesser known Ponzi schemes, and analyzes the ripple effect felt throughout the industry as a result of these and other scandals Despite the performance of some of these funds in the last few years, hedge funds are here to stay. In this Third Edition, Getting Started in Hedge Funds, Strachman provides an updated "how-to" guide for investors interested in hedge funds in this era of "new normal."

Genres: Business

291 pages, Kindle Edition

First published February 4, 2000

Reviews

[Ethan Quinn · Rating 4 out of 5]

Definitely a niche that will not appeal to the masses but, a good insight into the lives of the elite. With lessons learnt through recent history (slightly outdated), a clearer picture has been painted of how investing has changed over the years for the better, power to the people and all that

[Ashley]

Good book about the operational and structural details of opening hedge fund. Insightful, and illuminating on the details involved in opening and operating a fund. Thankfully ignores trading strategies completely. Does make several references to going long and short stock, at a high level, which seems like more of an artifact of history than an attempt at pigeonholing hedge funds as "stock only" operations.

You finish the book with a clear understanding of what the next steps in the process of opening a fund are, and what order they need to be carried out in, as well as how much capital is required and on what schedule it needs to be employed.

[Phillip Dawid]

A good introduction.

[Korey · Rating 4 out of 5]

Books accomplishes what it set out to do. Basic, skim of hedge funds. I enjoyed the individual stories of hedge fund founders. Quick, light read.