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Guide to Hedge Funds
Book

Guide to Hedge Funds

What they are, what they do, their risks, their advantages

Bloomberg Press, 2008 подробнее...


Editorial Rating

8

Qualities

  • Applicable

Recommendation

This brief handbook offers a concise, highly readable introduction to the controversial subject of hedge funds. Philip Coggan demystifies these complex, generally unregulated investment vehicles. He identifies the major hedge-fund investment styles, lists some of the most important hedge funds and explains how they work. He elucidates some of the darker corners of the hedge-fund world, providing one of the most comprehensible accounts yet written of its risks and regulatory challenges. getAbstract recommends this book to readers who have a basic acquaintance with the language and concepts of finance and investment, and who seek an unbiased, objective introduction to hedge funds.

Take-Aways

  • Hedge-fund managers have become a focus of fascination and even horror.
  • The label “hedge fund” covers many investment styles and is difficult to define.
  • Hedge funds share some characteristics: extraordinarily high compensation for managers, very high risk, greater than expected leverage and a focus on absolute return.

About the Author

Philip Coggan writes the “Buttonwood” column for The Economist, where he is also capital-markets editor.


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