How to Create and Manage a Hedge Fund: A Professional's Guide - Hardcover

McCrary, Stuart A.

Hardcover

ISBN 10: 047122488X ISBN 13: 9780471224884

Publisher: John Wiley & Sons, 2002

Synopsis

• Includes trading examples that illustrate points about risk management and leverage.
• Presents all the practical knowledge necessary to run a leveraged investment company.
• Non-technical explanations brings an element of transparency to a part of the investment world often thought of as difficult to understand.

About this title

From the Inside Flap:

Hedge funds are a profitable vehicle for both investors and managers associated with these funds. But investing in a hedge fund and creating and managing a hedge fund take two completely different sets of skills and knowledge. If you're looking to set up and run a hedge fund, it doesn't matter how much professional money management experience you have; you still need to know how to operate within the unregulated world of hedge funds to be successful. If you're ready to take the leap from conventional funds to hedge funds, How to Create and Manage a Hedge Fund: A Professional's Guide will show you how.

In an accessible, straightforward style, How to Create and Manage a Hedge Fund presents all the practical information you'll need to set up and run a leveraged investment company. Lawyers, accountants, creditors, investors, and many others will find insights into the often opaque world of hedge funds. Cutting through the hype and hysteria that usually surround this dynamic field, Stuart McCrary provides a detailed introduction and solid framework that any financial professional can understand and apply.

Filled with practical information, this unique guide first examines the critical information you must be familiar with as a hedge fund manager . . .
* Building a valuable leveraged investment company
* Types of hedge funds and hedge fund investors
* Hedge fund investment techniques and business models
* Creating leverage for investors
* Disclosing information to investors and the topical issue of transparency

. . . and then advances to the more technical and specialized aspects of starting and operating a hedge fund, with discussions of legal, accounting, risk management, marketing, and tax issues.

How to Create and Manage a Hedge Fund is filled with expert guidance that will put you in the best possible position to launch and run a leveraged investment company. Touching on everything from commodity pools and performance mathematics to legislation affecting hedge funds and derivatives, this comprehensive guide will give you a firm grasp on how to create a valuable hedge fund business that will attract investors-while showing you how to avoid common mistakes that have plagued failed hedge funds.

You may still need professional advice to assist you in setting up a hedge fund, but How to Create and Manage a Hedge Fund allows you to save time and money by giving you the tools and techniques necessary to understand and operate within the hedge fund industry.

From the Back Cover:

Praise for How to Create & Manage a Hedge Fund
A Professional's Guide

"True to its title, McCrary provides a clearly written and complete overview of the issues associated with starting and running a hedge fund. And for those outside the hedge fund world, the book's successful marriage of finance theory and market practice with the author's own vast experience makes for an enjoyable and thoroughly informative read."
-Christopher L. Culp, Managing Director, CP Risk Management LLC, and Adjunct Associate Professor of Finance, Graduate School of Business, The University of Chicago

"McCrary has drawn from his experience on Wall Street, LaSalle Street, and at the academy in crafting this encyclopedia for hedge fund managers and advisors. Covering the field in plainspoken business prose, he demystifies the secretive world of collective private investment. Whether you earn your living in finance or law, in accounting or marketing, if the subject is hedge funds, you must read this book."
-Patrick Daugherty, Partner, Foley & Lardner

"Building on his broad experience in the securities and derivatives markets, McCrary offers a well-researched guide to starting and running a hedge fund business . . . he tackles everything from the mundane, like regulations and accounting, to the complex, like investment techniques and risk management, in an articulate and insightful manner . . . a necessary handbook for money managers and investors alike."
-Peter F. Karpen, Managing Member, Diversified Investment Management, LLC

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2002
• ISBN 10: 047122488X
• ISBN 13: 9780471224884
• Binding: Hardcover
• Edition number: 1
• Number of pages: 384