{"product_id":"the-future-of-hedge-fund-investing-9780470537442","title":"The Future of Hedge Fund Investing","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eA detailed look at how to fix the hedge fund industry\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Future of Hedge Fund Investing\u003c\/i\u003e spells out in refreshingly stark terms exactly how the industry let down its clients, and the changes needed to restore their confidence. Written by Monty Agarwal, the founder of Predator Capital Management, this insider''s guide gives a full assessment of the business, including the advantages of hedge funds, their pitfalls, and, most importantly, how to avoid these missteps.\u003c\/p\u003e \u003cp\u003eThe book begins by describing the hedge fund universe, which includes funds and fund of funds; fund regulators, major investors, and middlemen; and fee structures, incentives, and typical investment strategies. From here, Agarwal explores possible solutions and fixes as he touches upon several important issues within this field.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExamines hedge funds'' role in the 2008 market crisis and what can be learned from it\u003c\/li\u003e \u003cli\u003eDiscusses the structural changes for fund of funds in areas includin\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eForeword.  \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Recent Hedge Fund Scandals.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePalm Beach, Florida.\u003c\/p\u003e \u003cp\u003eKL Financial, March 2005.\u003c\/p\u003e \u003cp\u003eAmaranth Advisors, September 2006.\u003c\/p\u003e \u003cp\u003eBernie Madoff, December 2008.\u003c\/p\u003e \u003cp\u003eLesson # 1: Relationships Do Not Trump Due Diligence.\u003c\/p\u003e \u003cp\u003eLesson # 2: Investing in Hedge Funds: Hire Experts.\u003c\/p\u003e \u003cp\u003eLesson # 3: “We Did Not Know What We Were Investing In,” Is Not An Excuse.\u003c\/p\u003e \u003cp\u003eConclusion: So Called Experts, Fund of Funds, Have Failed.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Players.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFlow of Capital in the Hedge Fund Industry.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Hedge Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIncentives and the Disincentives of the Hedge Fund Fee Structure.\u003c\/p\u003e \u003cp\u003eEducation of the Future Hedge Fund Manager.\u003c\/p\u003e \u003cp\u003eTraining Grounds of the Hedge Fund Manager.\u003c\/p\u003e \u003cp\u003eThe Chart Readers.\u003c\/p\u003e \u003cp\u003eThe Quants.\u003c\/p\u003e \u003cp\u003eThe Global Macro Trader.\u003c\/p\u003e \u003cp\u003eFrom a Moth to a Butterfly.\u003c\/p\u003e \u003cp\u003eAndrew Lahde's Goodbye Letter.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Hedge Fund Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLong Short Equity.\u003c\/p\u003e \u003cp\u003eEvent Driven.\u003c\/p\u003e \u003cp\u003eGlobal Macro.\u003c\/p\u003e \u003cp\u003eFixed Income Arbitrage.\u003c\/p\u003e \u003cp\u003eRelative Value Arbitrage.\u003c\/p\u003e \u003cp\u003eEffect of 2008 on these Strategies and Looking Forward.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Hedge Fund Service Providers \u0026amp; Regulators.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuilding a Business.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Funds of Hedge Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePhilosophy and Services.\u003c\/p\u003e \u003cp\u003eFailure of Fiduciary Duties.\u003c\/p\u003e \u003cp\u003eStatistical Bucketing by Strategy.\u003c\/p\u003e \u003cp\u003eDue Diligence and the Analyst.\u003c\/p\u003e \u003cp\u003eWhat's in a Name.\u003c\/p\u003e \u003cp\u003eThe AIMA Due Diligence Questionnaire.\u003c\/p\u003e \u003cp\u003eWhere are the Experienced Professionals?\u003c\/p\u003e \u003cp\u003eThe (Lack of) Ongoing Due Diligence.\u003c\/p\u003e \u003cp\u003eMulti-Strategy Hedge Funds.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 An Expert Failure.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUselessness of Historical Data Crunching.\u003c\/p\u003e \u003cp\u003eQuest for Steady Returns—Systematic Destruction of Alpha.\u003c\/p\u003e \u003cp\u003eBucketing by Asset Class and Geography – A Flawed Concept.\u003c\/p\u003e \u003cp\u003eAlpha versus Beta—Trader Generates Alpha, not The Strategy.\u003c\/p\u003e \u003cp\u003eSpecialized Strategies.\u003c\/p\u003e \u003cp\u003e10% to 20% Allocation Rule.\u003c\/p\u003e \u003cp\u003eManaging a Hedge Fund Manager.\u003c\/p\u003e \u003cp\u003eBookrunner Versus a Proprietary Trader.\u003c\/p\u003e \u003cp\u003eSo-Called Hedge Fund Experts.\u003c\/p\u003e \u003cp\u003eHedge Funds – House of Second or Third Chances?\u003c\/p\u003e \u003cp\u003eWhy Does a Losing Hedge Fund Manager Shut down His Fund?\u003c\/p\u003e \u003cp\u003eWhy Does the Industry Keep Funding a Failed Trader?\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Remodeling the Funds of Hedge Funds.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTraders Managing Trading Investments.\u003c\/p\u003e \u003cp\u003eDifferentiate Between Alpha and Beta Strategies.\u003c\/p\u003e \u003cp\u003eBucketing Based on Trader Methodology.\u003c\/p\u003e \u003cp\u003eAppropriate Risk Template by Strategy.\u003c\/p\u003e \u003cp\u003eManager Stop loss and Linked Redemptions.\u003c\/p\u003e \u003cp\u003eNot 10% Majority Every Time.\u003c\/p\u003e \u003cp\u003eOn-Going Due Diligence – It is Not Just About Returns.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Correct Risk Due Diligence.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePosition Concentration? So What.\u003c\/p\u003e \u003cp\u003eManagement of Stop Loss Limits – The Be-All and End-All.\u003c\/p\u003e \u003cp\u003eOver-Leverage and Illiquidity.\u003c\/p\u003e \u003cp\u003eHedging – Will the Market Let You Short?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Interviewing a Hedge Fund Manager.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRelationship.\u003c\/p\u003e \u003cp\u003eStrategy Related Questions.\u003c\/p\u003e \u003cp\u003eWhat Qualifies You to Execute This Strategy?\u003c\/p\u003e \u003cp\u003eWork Experience.\u003c\/p\u003e \u003cp\u003eRisk Appetite.\u003c\/p\u003e \u003cp\u003eThinker, Adapter, Entrepreneur?\u003c\/p\u003e \u003cp\u003eDiscipline and Character.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Hedge Fund Industry’s Role in 2008 Market Crisis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBorrowers, Bankers and Investors.\u003c\/p\u003e \u003cp\u003eDon't Blame the Products, Blame the Users.\u003c\/p\u003e \u003cp\u003eFailed Due Diligence on Part of Investors.\u003c\/p\u003e \u003cp\u003eFailure of Fiduciary Responsibilities by Brokers and Lies by Borrowers.\u003c\/p\u003e \u003cp\u003eNo Hedge Fund Has Been Bailed Out.\u003c\/p\u003e \u003cp\u003eSystemic Risk and Derivative Transactions.\u003c\/p\u003e \u003cp\u003eRegulating Hedge Funds.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 The End.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRobert Allen Stanford's Ponzi Scheme.\u003c\/p\u003e \u003cp\u003eHedge Fund Industry Offers More Disclosure.\u003c\/p\u003e \u003cp\u003eSimilar Problems with the Pension Funds, Endowments, SWFs.\u003c\/p\u003e \u003cp\u003eBibliography.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402359644503,"sku":"9780470537442","price":37.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470537442.jpg?v=1730480167","url":"https:\/\/bookcurl.com\/products\/the-future-of-hedge-fund-investing-9780470537442","provider":"Book Curl","version":"1.0","type":"link"}