SKU: 18600738238

The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True

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The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be TrueThe dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return

The dismal truth about hedge funds and how investors can get a greater share of the profits

Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good.

Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance.

  • The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck
  • Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s

Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.



Binding Type: Hardcover
Publisher: Wiley
Published: 01/03/2012
ISBN: 9781118164310
Pages: 208
Weight: 0.83lbs
Size: 9.26h x 6.34w x 0.57d
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SKU: 18600738238

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Helps me sleep. I also use Mg, B complex and medical cannabis oil before bed. My sleep isn't great otherwise here in the good ol' USA (unlike in Europe where I sometimes go for complicated issues/not vacation; which indicates issues with the much higher radiofrequency exposure allowed in the US than in the European country where I sleep like a happy baby). Just wait for 5G, then I probably need to reinvent my sleep protocol if I want to get any rest. But well, with the 5G impact on the biosphere, we may not be here much longer then. That means we better stop 5G before it's all roleld out.
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I recieved a beautiful copy of Ethan Smith's 2nd Edition (1825) of View of the Hebrews. This edition includes the fascinating Quetzalcoatl... aka "Christ in America" content that I was looking to study. ***E. Smith's belief that biblical prophesy and cultural "evidences" prove that the Native American tribes found by the Europeans (Gentiles) were descended from the lost Tribes of Isreal. This narrative is later expounded on in the 1830 Book of Mormon*** I re-ordered this book in paperback version. This softcover version was not a photocopy of the original book as was the case when I ordered the hardcover version some time ago. Fantastic readable quality this time around! Original Hardcover Review: Poor photocopied pages. I opened the nice hard cover... I can read the words- but the book's pages are messy in a gross, unthoughtful way. The publisher didn't care about quality of pages at all- Quality ended once I opened the pleasant hardcover binding.
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Husband read this book. he has passed it on to family and friend because its a good and one of his favorites.
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