Summary of Absolute Returns

The Risk and Opportunities of Hedge Fund Investing

Wiley, more...

Buy the book

Absolute Returns book summary
Only embark on hedge fund investing if you fully understand the risks (read here!). If you don’t understand, don’t play.


8 Overall

8 Applicability

8 Innovation

7 Style


Hedge funds burst into the headlines in the early 1990s, when George Soros became a household name - at least in Europe, where many people blamed him and his hedge fund for wrecking the European exchange rate mechanism. Similarly, a U.S. hedge fund called Long Term Capital Management (LTCM) began with an aura of investing invincibility, only to fail dramatically. Hedge fund investing is sometimes, but not always, high risk and high return. Once limited to a privileged elite group of investors, hedge funds are now opening their rosters to less sophisticated, less wealthy speculators. But hedge funds are not just like any other funds, and anyone contemplating an investment needs a solid, comprehensive guide, such as this book. Author Alexander M. Ineichen, neither a salesman nor an alarmist, pulls no punches when discussing the risks of hedge funds. He is quite straightforward about the sometimes astonishing success of some hedge fund managers, but careful to point out the common misconceptions about them. Without hedging our bets, finds this book a valuable addition to every investor’s library.

In this summary, you will learn

  • The history and track record of hedge funds
  • All of the basic investment questions about hedge funds
  • Numerous possible answers to each one


A Half Century of Hedge Fund History
The first hedge fund made its debut in 1949, when sociologist Alfred Winslow Jones started a general partnership, later changed to a limited partnership, to trade equities. In his stock trades, Jones sometimes went long and sometimes sold short. Short...
Get the key points from this book in less than 10 minutes. Learn more about our products or log in

About the Author

Alexander M. Ineichen, CFA, is Managing Director and Head of Equity Derivatives Research at UBS Warburg in London.

Comment on this summary

More on this topic

By the same author

Customers who read this summary also read

More by category