The Little Book of Hedge Funds

Auteur

Anthony Scaramucci, JD, is the founder and co-managing partner of SkyBridge Capital, a global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate. He earned a law degree from Harvard Law School in 1989 and has held a variety of positions in the finance industry from 1989 to today.

Texte du rabat

Praise for
THE LITTLE BOOK OF HEDGE FUNDS "This Little Book does a great job providing an insider's perspective on the hedge fund industry and why they will always be an important part of a well-diversified portfolio."
--LEE COOPERMAN, Chairman and CEO of Omega Family Office, former General Partner, Goldman Sachs "In the second edition of The Little Book of Hedge Funds, Scaramucci demystifies the complexities of hedge funds with the wit and insight of an investment veteran, making an otherwise opaque world both accessible and engaging. Sharp, informative, and incredibly entertaining."
--JOE DOWLING, Senior Managing Director and the Global Head of Blackstone Multi-Asset Investing (BXMA)

Contenu

Foreword xi

Introduction: Goin'through Changes xv

Chapter One What Is a Hedge Fund?: The Traditional Long-Only Portfolio Versus the Alternative Hedge Fund Portfolio 1

Chapter Two The Parlor Cars of the Gravy Train: The Long and the Short of It 31

Chapter Three Accessing the Inaccessible: From the Elite to Main Street 55

Chapter Four Heads We Win; Tails You Lose: Eating Your Own Cooking While Enduring Symmetrical Glories and Punishments 71

Chapter Five The Alpha Game: In Search of El Dorado 85

Chapter Six Ironing Out Inefficiencies: Exploiting the Efficient Market Theory 101

Chapter Seven A Balancing Act: Outperforming the Market While Taking Less Risk 121

Chapter Eight Private Parts: Inside the Wild, Booming World of Private Equity (and More) 147

Chapter Nine If You Can't Beat 'Em, Join 'Em: Hedge Fund Manager Selection and Due Diligence 175

Chapter Ten The Men Behind the Curtains: Fund of Hedge Funds 201

Chapter Eleven From Wall Street to Park Avenue: Setting Up Shop at the Hedge Fund Hotel 223

Conclusion: The Shape of Things to Come 243

Appendix: Due Diligence Questionnaire 249

Notes 255

Acknowledgments 261