Joseph G. Nicholas’ book is not for the faint of heart or the light of wallet. If your idea of a strong investment is a 401K plan and a few blue chip stocks handed down from your dear departed grandmother, this probably isn’t the book for you. However, for those interested in how the very rich get very richer, as well as those charged with the weighty responsibility of protecting institutional and private assets, this book could be worth its weight in gold or stock certificates. Nicholas writes at a level that makes his information just comprehensible to those with minimal investment knowledge, while still very useful to insiders who know the menu of every deli within a two-mile radius of Wall Street. His in-depth historical analysis explains the current strong interest in hedge funds of funds investing, and his case studies will teach you the all-important matter of how to select the right fund of fund manager. getAbstract.com strongly recommends this book to anyone who wants or needs to learn more about investing at the most elite levels.
In this summary, you will learn
- How hedge funds of funds (FOF) differ from regular hedge funds and from mutual funds;
- The performance record that explains investors’ growing interest; and
- How to select a good FOF manager to shepherd your investment.
About the Author
Joseph G. Nicholas, J.D., is founder and chairman of HFR Group, LLC, which has interests in asset management, fund-of-funds management, an investment advisory firm and Hedge Fund Research, Inc., a leading supplier of hedge fund data. A frequent lecturer and media expert on alternative investment topics, he is author of Investing in Hedge Funds and Market-Neutral Investing.