Summary of Guide to Hedge Funds

What they are, what they do, their risks, their advantages

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Guide to Hedge Funds book summary
A concise, comprehensive guide to hedge funds for the investor who wants more of the story.


8 Overall

8 Applicability

5 Innovation

9 Style


This brief handbook offers a concise, highly readable introduction to the controversial subject of hedge funds. Philip Coggan demystifies these complex, generally unregulated investment vehicles. He identifies the major hedge-fund investment styles, lists some of the most important hedge funds and explains how they work. He elucidates some of the darker corners of the hedge-fund world, providing one of the most comprehensible accounts yet written of its risks and regulatory challenges. getAbstract recommends this book to readers who have a basic acquaintance with the language and concepts of finance and investment, and who seek an unbiased, objective introduction to hedge funds.

In this summary, you will learn

  • What hedge funds are;
  • How hedge funds work; and
  • What major financial and regulatory concerns hedge funds provoke.


The Hedge-Fund World
Hedge-fund managers are Wall Street’s new public paradigm: the money manipulators who take home the big profits. Mostly male, the managers of hedge funds have proven their power to change the value of currencies, rattle company managers, crash markets and make enormous...
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About the Author

Philip Coggan writes the “Buttonwood” column for The Economist, where he is also capital-markets editor.

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