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Recommendation
Author Daniel A. Strachman opens an interesting door on a mechanism for people who have lots of money to make even more (or to drop right back to the middle class). One pleasant feature of this well-edited book is that definitions appear next to otherwise incomprehensible jargon. As suggested by the practical format, this is part of the publisher’s "getting started" series, which includes such topics as mutual funds, securities, options and 401(K) investments. However, it seems as if the "getting started" nature of the book kept Strachman from going into all the behind-the-scenes details that were probably available to him. The book includes profiles of leading hedge fund managers, investment explanations and interesting case histories. At times Strachman sounds a bit too enamored of the industry he covers, but with that grain of salt getabstract.com suggests this excellent volume to anyone interested in understanding the hedge fund industry or investing in it. Just don’t bet the rent.
Take-Aways
About the Author
Daniel A. Strachman is that most interesting of hybrids, a journalist turned financier. He is vice president of product development at a New York-based money management firm. Before moving to Wall Street, he was a financial journalist and columnist. He writes extensively on hedge funds, commercial banking and trading technology.
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