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The Hedge Fund Mirage : The Illusion of Big Money and Why It's Too Good to Be True by Simon A. Lack (2012, Hardcover)

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Hedge Fund Mirage : The Illusion of Big Money and Why It's Too Good to Be True, Hardcover by Lack, Simon, ISBN 1118164318, ISBN-13 9781118164310, Brand New, Free shipping in the US Compares the performance of treasury bills to hedge funds to explain how investors have been jeopardized by high fees, complex legal structures and other detriments, sharing insider advice on how to make investment decisions that rebalance profits away from hedge fund managers.

About this product

Product Information

The dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money thats ever been invested in hedge funds had been in treasury bills, the results would have been twice as good.

Product Identifiers

Publisher
Wiley & Sons, Incorporated, John
ISBN-10
1118164318
ISBN-13
9781118164310
eBay Product ID (ePID)
109016705

Product Key Features

Book Title
Hedge Fund Mirage : the Illusion of Big Money and Why It's Too Good to Be True
Author
Simon A. Lack
Format
Hardcover
Language
English
Topic
Investments & Securities / Mutual Funds, Investments & Securities / General
Publication Year
2012
Genre
Business & Economics
Number of Pages
208 Pages

Dimensions

Item Length
8.9in
Item Height
0.6in
Item Width
6.1in
Item Weight
13.6 Oz

Additional Product Features

Lc Classification Number
Hg4530
Reviews
&'The ideas in the book are of huge interest and utility to anyone who is interested in any kind of investment service, be it mutual funds, portfolio or wealth management services or even stockbroking.&' (Valueresearchonline.com, Jan 2012) &'Most investors would benefit from this book.& Particularly those that advise institutional clients and high net worth individuals would benefit.&' (Alephblog.com, 14th January 2012) "Most investors would benefit from this book. Particularly those that advise institutional clients and high net worth individuals would benefit." ( Seeking Alpha , January 15, 2012) 'Offers advice on investing in hedges but also outlines a stark truth about the industry's performance.&' (Business INsider, 9th January 2012), 'Simon Lack has become one of the hedge fund industry's most vocal critics thanks to his book, The Hedge Fund Mirage, which has enjoyed popularity beyond the rarefied hedge fund enclaves of Mayfair and Connecticut'. (Financial Times, 23rd April 2012) "The ideas in the book are of huge interest and utility to anyone who is interested in any kind of investment service, be it mutual funds, portfolio or wealth management services or even stock-broking." ( Valueresearchonline.com , Jan 2012) "Most investors would benefit from this book. Particularly those that advise institutional clients and high net worth individuals would benefit." ( Alephblog.com , 14th January 2012) "Most investors would benefit from this book. Particularly those that advise institutional clients and high net worth individuals would benefit." ( Seeking Alpha , January 15, 2012) "Offers advice on investing in hedges but also outlines a stark truth about the industry's performance." ( Business Insider , 9th January 2012) 'Powerfulâ€¦he does a brilliant job of explaining just why hedge funds represent such a poor investment class'. (African Business, May 2012), "Simon Lack, a hedge fund veteran exposes some unforeseen and uncomfortable truths about the industry in his new book." ( Hedge Fund Net , January 2012) "...a cautionary tale from one who knows just about all the tricks...an easy, largely fun and certainly instructive read" ( Financial World , February 2012) "Devastating little book.... His conclusions will make uncomfortable reading for many self-styled 'masters of the universe'.... This book should be required reading for pension fund trustees." (Jonathan Ford, Financial Times , 19th February 2012)
Table of Content
Introduction xi Acknowledgments xv Chapter 1 The Truth about Hedge Fund Returns 1 How to Look at Returns 2 Digging into the Numbers 3 The Investor's View of Returns 6 How the Hedge Fund Industry Grew 10 The Only Thing That Counts Is Total Profits 13 Hedge Funds Are not Mutual Funds 14 Summary 16 Chapter 2 The Golden Age of Hedge Funds 19 Hedge Funds as Clients 20 Building a Hedge Fund Portfolio 22 The Interview Is the Investment Research 24 Long Term Capital Management 27 Too Many Bank Mergers 30 Summary 33 Chapter 3 The Seeding Business 35 How a Venture Capitalist Looks at Hedge Funds 36 From Concept to the Real Deal 38 Searching for That Rare Gem 41 Everybody Has a Story 46 Some Things Shouldn't Be Hedged 50 The Hedge Fund as a Business 52 Summary 56 Chapter 4 Where Are the Customers' Yachts? 59 How Much Profit Is There Really? 60 Investors Jump In 63 Fees on Top of More Fees 65 Drilling Down by Strategy 69 How to Become Richer Than Your Clients 74 Summary 77 Chapter 5 2008--The Year Hedge Funds Broke Their Promise to Investors 79 Financial Crisis, 1987 Version 80 How 2008 Redefined Risk 82 The Hedge Fund as Hotel California 85 Timing and Tragedy 93 In 2008, Down Was a Long Way 97 Summary 98 Chapter 6 The Unseen Costs of Admission 99 How Some Investors Pay for Others 101 My Mid-Market or Yours? 104 The Benefits of Keen Eyesight 107 Show Me My Money 111 Summary 115 Chapter 7 The Hidden Costs of Being Partners 117 Limited Partners, Limited Rights 118 Friends with no Benefits 120 Watching the Legal Costs 125 Summary 128 Chapter 8 Hedge Fund Fraud 129 More Crooks Than You Think 130 Madoff 133 Know Your Audience 134 Accounting Arbitrage 101 136 Checking the Background Check 138 Politically Connected and Crooked? 140 Paying Your Bills with Their Money 141 Why It's Hard to Invest in Russia 143 After Hours Due Diligence 145 Summary 146 Chapter 9 Why Less Can Be More with Hedge Funds 149 There Are Still Winners 151 Avoid the Crowds 154 Why Size Matters 158 Where Will They Invest All This Money? 166 Summary 168 Afterword 171 Bibliography 177 About the Author 181 Index 183
Copyright Date
2012
Lccn
2011-035473
Dewey Decimal
332.64/524
Intended Audience
Trade
Dewey Edition
23
Illustrated
Yes

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5 out of 5 stars
by jps49Aug 08, 2018
Well written book the author knows how to write
Author has excellent personal experience which enhances the read
Verified purchase: Yes | Condition: Pre-owned

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