-- Fund Strategy Magazine
`It really is what it says -- a quick and easy jargon-free guide to what [hedge funds] are, who they are, what they do and the arguments about whether or not what they do should worry us. If you cannot tell your statistical arbitrage from your managed futures and want to know more about the organisations that apparently account for about half the trading in the stock market, this is the book for you.'
-- Anthony Hilton - Evening Standard Financial Editor --This text refers to an out of print or unavailable edition of this title.
From the Inside Flap
In 1990 hedge funds managed assets worth around $39 billion. At the peak in 2007 that figure had grown to a staggering $2 trillion. Equally staggering is the amount of money successful hedge fund managers earnin 2008 the top 10 earned more than $10 billion between them. The returns hedge funds make can be substantial, as they should be, given the high fees they charge. But the losses can be substantial tooas some discovered during the credit crunch market upheaval that started in the summer of 2007.
Most people have heard of hedge funds but few are clear about what they are or what they do. The revised and updated second edition of this highly acclaimed guide deftly explains all you need to know about hedge funds in order to understand the nature of their business. Following an introduction there are six chapters:
Hedge fund taxonomy
Hedge fund regulation
Hedge funds: for and against
The future of hedge funds
And at the end of the book there is a glossary of terms used in association with hedge funds, together with a number of tables and charts showing hedge fund data over the years. --This text refers to an out of print or unavailable edition of this title.
From the Back Cover
"More people have a view about hedge funds than know about them. Philip Coggan bridges the knowledge gap in this clearly written guide. Every chapter is a goldmine of information and analysis, making it easy to learn about hedge funds. No investor, no investment adviser, no trustee, no dinner–table conversationalist should express opinions on the sector until they have read this book."
—Elroy Dimson, BGI Professor of Investment Management, London Business School
"While much has been written about hedge fund strategies and their (occasionally spectacular) failures, we have not yet seen a general primer to help the investor understand the world of hedge funds. Philip Coggan presents us with exactly that—a well–written, succinct summary of a world we all need to understand better."
—Rob Arnott, Chairman of Research Affiliates and Editor Emeritus of the Financial Analysts Journal --This text refers to an out of print or unavailable edition of this title.