"Consensus thinking on hedge funds still varies between considering them to be a new paradigm in asset management and being the cause of the next investment bubble. Lars Jaeger (again) successfully steers away from marketing talk, stereotypes and oversimplifications. His analysis is precise, the argument well balanced, and the message crystal clear and of high-intellectual integrity." Alexander M. Ineichen, CFA, CAIA, Managing Director, UBS Investment Research, author of Absolute Returns
"The author provides an excellent and in-depth examination of the hedge fund industry. Risk-return properties of hedge fund strategies, portfolio management and benchmarking hedge fund performance is meticulously addressed. This volume is sure to be a classic among hedge fund books. Anyone interested in hedge funds will greatly appreciate and benefit from the cutting edge research Lars has done in this volume. In essence, one can simply call this a handbook on hedge funds which belongs in everyone's book collection. Lars has done it again with a gem of a book." Dr. Greg N. Gregoriou - Assistant Professor of Finance and Coordinator of Faculty Research at State University of New York (Plattsburgh)
Make sure you understand how the various hedge fund strategies make money and are able to use this understanding to improve your investment process into hedge funds.
One of the clearest and most readable discussions of hedge fund strategies you will ever see!
Essential reading for all financial professionals who work with or allocate assets to hedge funds, including private and institutional investors, fund of funds managers, hedge funds managers themselves, brokers, administrators and custodians. Also helpful to anyone addressing the challenges of hedge funds, including traditional asset managers, financial analysis, consultants and advisors.
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