Summary of Getting Started in Hedge Funds

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Getting Started in Hedge Funds book summary
Wanted: Serious investors for hedge funds. Cowboys need not apply.


7 Overall

6 Applicability

7 Innovation

7 Style


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 suggests this excellent volume to anyone interested in understanding the hedge fund industry or investing in it. Just don’t bet the rent.

In this summary, you will learn

  • How to enter the hedge-funds market; and
  • Which fund to choose.


Hedging Your Bet
Not long ago a new financial gunslinger pushed open the swinging doors of the securities markets and marched forward, spurs a-jingling, to announce his presence to the Wall Street community. This was the cowboy image of the hedge fund manager. With its million-dollar ...
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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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