The Little Book of Hedge Funds

The Little Book of Hedge Funds
Author: Anthony Scaramucci
Publisher: John Wiley & Sons
Total Pages: 279
Release: 2012-05-01
Genre: Business & Economics
ISBN: 1118099672

The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book: Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds Explores a variety of financial instruments—including leverage, short selling and hedging—that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy.

More Money Than God

More Money Than God
Author: Sebastian Mallaby
Publisher: A&C Black
Total Pages: 497
Release: 2011-05-03
Genre: Business & Economics
ISBN: 1408809753

Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.

Sovereign Wealth Funds

Sovereign Wealth Funds
Author: Gordon L. Clark
Publisher: Princeton University Press
Total Pages: 236
Release: 2013-07-21
Genre: Business & Economics
ISBN: 0691142297

The worldwide rise of sovereign wealth funds is emblematic of the ongoing transformation of nation-state economic prospects. Sovereign Wealth Funds maps the global footprints of these financial institutions, examining their governance and investment management, and issues of domestic and international legitimacy. Through a variety of case studies--from the China Investment Corporation to the funds of several Gulf states--the authors show that the forces propelling the adoption and development of sovereign wealth funds vary by country. The authors also show that many of these investment institutions have identifiable commonalities of form and function that match the core institutions of Western financial markets. The authors suggest that the international legitimacy of sovereign wealth funds is based on the degree to which their design and governance match Western expectations about investment management. Undercutting commonplace assumptions about the emerging world of the twenty-first century, the authors demonstrate that even small countries with large and globally oriented sovereign wealth funds are likely to play a significant role in international relations. Sovereign Wealth Funds considers how such financial organizations have altered not only the face of finance, but also the international geopolitical landscape.

The Law of Private Investment Funds

The Law of Private Investment Funds
Author: Timothy Spangler
Publisher: OUP Oxford
Total Pages: 413
Release: 2012-09-06
Genre: Law
ISBN: 0191635235

The new edition of The Law of Private Investment Funds offers a practical analysis of the legal and regulatory issues that arise in connection with the structuring, formation, and operation of private investment funds, including hedge funds, private equity funds, real estate funds, and other non-retail collective investment vehicles. The book provides a unique analysis of these funds on a pan-asset class basis, as well as from a US, UK, and European perspective. The themes of investor protection and fiduciary challenge are considered in the context of the various sources available for investor protection including the substantive rights and obligations under general law, and voluntary and statutory rights of regulation. The author considers the various aspects of running private investment funds against the backdrop of regulation and investor protection. Issues such as structuring and launching, and marketing private investment funds are considered in full. The author also looks at the governance challenge where limited partnerships and offshore companies are concerned. The book identifies governance as a key issue for private investment fund participants and discusses in depth several ways in which managers and fund participants can improve the governance of their funds. In addition it analyses the consequences and impact of the recent global financial crisis on private funds, and the response of the US, UK, and European regulators. The new edition includes increased coverage of best practice and industry guidelines, including the ILPA Guidelines for private equity funds, and the MFA's Best Practices for hedge funds. It also provides discussion of new regulatory regimes in the US and EU, including the Dodd Frank Act and AIFMD.

Consumer Reports Mutual Funds Book

Consumer Reports Mutual Funds Book
Author: Greg Daugherty
Publisher:
Total Pages: 200
Release: 1994
Genre: Business & Economics
ISBN:

Mutual funds have grown increasingly popular during the last 10 years, and the options available to the consumer have increased so greatly that even experienced investors may be confused. This user's manual provides a clear-cut, jargon-free blueprint for investors that's tailored to different incomes and life stages.

Index Funds

Index Funds
Author: Mark T. Hebner
Publisher: IFA Publishing, Inc.
Total Pages: 411
Release: 2007
Genre: Business & Economics
ISBN: 0976802309

The financial services industry has a dark secret, one that costs global investors about $2.5 trillion per year. This secret quietly drains the investment portfolios and retirement accounts of almost every investor. In 1900, French mathematician, Louis Bachelier, unsuspectingly revealed this disturbing fact to the world. Since then, hundreds of academic studies have supported Bachelier's findings. This book offers overwhelming proof of this, and shows investors how to obtain their optimal rate of return by matching their risk capacity to an appropriate risk exposure. A globally diversified portfolio of index funds is the optimal way to accomplish this. Index Funds is the treatment of choice for wayward investors. Below market returns in investment portfolios and pension accounts are the result of investors gambling with their hard earned money. This 12-Step Program will put active investors on the road to recovery. Each step is designed to bring investors closer to embracing a prudent and sound strategy of buying, holding, and rebalancing an index portfolio.

Hedge Funds

Hedge Funds
Author: Andrew W. Lo
Publisher: Princeton University Press
Total Pages: 388
Release: 2010-07-01
Genre: Business & Economics
ISBN: 140083581X

The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.

Economics of Sovereign Wealth Funds

Economics of Sovereign Wealth Funds
Author: Mr.Udaibir S. Das
Publisher: International Monetary Fund
Total Pages: 330
Release: 2010-12-09
Genre: Business & Economics
ISBN: 1589069277

The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.

Common Sense on Mutual Funds

Common Sense on Mutual Funds
Author: John C. Bogle
Publisher: John Wiley & Sons
Total Pages: 663
Release: 2009-12-02
Genre: Business & Economics
ISBN: 0470138130

John C. Bogle shares his extensive insights on investing in mutual funds Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term. Written by respected mutual fund industry legend John C. Bogle Discusses the timeless fundamentals of investing that apply in any type of market Reflects on the structural and regulatory changes in the mutual fund industry Other titles by Bogle: The Little Book of Common Sense Investing and Enough. Securing your financial future has never seemed more difficult, but you'll be a better investor for having read the Second Edition of Common Sense on Mutual Funds.

How Mutual Funds Work

How Mutual Funds Work
Author: Albert J. Fredman
Publisher: Prentice Hall
Total Pages: 356
Release: 1993
Genre: Business & Economics
ISBN:

"Hope and faith were in short supply among Soviet liberals by the late 1960s. Writing about the popular culture of the Soviet intellectual during the years of post-Stalinist thaw, Anatoly Vishevsky cites the Soviet invasion of Czechoslovakia as a formal landmark that inaugurated the period in which irony was propelled to the forefront of the literary and cultural scene. Irony was the direct product of disillusion and despair over the apparent abandonment of the promising post-thaw ideals and values. This period that ended with the beginning of perestroika and glasnost, Vishevsky believes, also was the incubator of many processes now prevalent in the country's literature and culture." "Although censorship kept this ironic worldview off the main stage of Soviet literature, it surfaced in peripheral forms - stand-up comedy, songs of the "bards," short stories in periodicals and newspapers, radio and TV shows, local cinematography, regional literature - works that friends discussed over kitchen tables, "where most heated debates usually took place in the Soviet Union."" "A major part of the book is devoted to a corpus of writing never before treated critically: the ironic stories that appeared in the late 1960s and the 1970s in Soviet humor periodicals and in the humor pages of newspapers and magazines. These stories, each three to ten typed pages, were presumably tolerated by the Soviet authorities because of their brevity and their often unassuming placement in the back pages of magazines. The stories collected here, translated for the first time in English and including several by Aksyonov and Bitov, constitute a new subgenre in the history of Russian literature - the ironic short story."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved