While this book is meant to serve as an introduction to the complex world of hedge funds, hedge fund managers and hedge fund investors (in short, the hedge fund dynamic), it is decidedly not of the For Dummies family that currently dominates the do-it-yourself investment section of the book store. This is a highly sophisticated look at what has become one of the most exciting sectors of the investment world. If you have some knowledge of finance and its terminology, and you want to know what a hedge fund is, what kinds of strategies most hedge fund managers use and whether or not you’d want to or be able to invest in hedge funds, getAbstract recommends this highly specific book to you. On the other hand, if you just want to gain some insights into the investment world, you’d be better off picking up the financial section of the newspaper. Hedge funds are serious and so is Joseph G. Nicholas’ book. (getAbstract note: Despite the 1999 copyright date, the book makes no reference to Long-Term Capital Management, the hedge fund that collapsed in 1998, nearly bringing about a global financial crisis.)
In this summary, you will learn
- Why you should invest in hedge funds;
- What hedge fund strategies you can use; and
- Why choosing the right hedge fund manager is important.
About the Author
Joseph G. Nicholas is chairman of Hedge Fund Research, L.L.C., a research and investment firm that specializes in alternative investments.