Hedges on Hedge Funds: How to Successfully Analyze and Select an Investment - Hardcover

Hedges IV, James R.

Hardcover

ISBN 10: 0471625108 ISBN 13: 9780471625100

Publisher: Wiley, 2004

Synopsis

A just-in-time guide to hedge fund investing
Today, access to hedge funds is increasingly available to averageinvestors through "funds of hedge funds" and other registeredproducts. These vehicles allow investors to invest as little as$25,000 to start. Hedges on Hedge Funds provides an overview ofhedge fund investing and delves into the key investment strategiesemployed by hedge fund managers. This comprehensive resourcedirects people to proper fund selection and allocation, but mostimportantly, it helps investors avoid the potential pitfallsassociated with the industry by discussing transparency, size vs.performance, and other important issues associated with selectingand profiting with hedge funds.
James R. Hedges, IV (Naples, FL), is recognized as a pioneer in thehedge fund industry for his efforts to monitor and review funds andfund managers for performance and transparency. He is the founder,President, and Chief Investment Officer of LJH GlobalInvestments-an investment advisory firm that helps clients selectand invest in hedge funds.

About this title

About the Author

James R. Hedges IV is the founder, President, and CIO of LJH Global Investments, which has offices in Florida, New York, and London. LJH is an investment advisory firm that helps clients select and invest in hedge funds. James is recognized as a pioneer in the hedge fund industry for his efforts to monitor and review funds and fund managers for performance and transparency. His efforts to advocate for investors have made LJH a watchdog for the industry—so much so that the SEC asked him to participate in their Hedge Fund Roundtable in May of 2003. James is often quoted in such publications as Forbes, Institutional Investor, Barron's, the New York Times, and the Wall Street Journal. He appears regularly on CNN, CNBC, Bloomberg, and Wall $treet Week.

From the Back Cover

Hedges onHedge Funds

It's all about hedge funds—what they are, why they are sosuccessful, and how you can become a hedge fund investor for aslittle as $25,000

Hedge funds are among today's most controversial investmentvehicles. They are also among the most successful, significantlyoutperforming the S&P 500 since 1989 on both an average-returnand risk-adjusted basis.

And hedge funds aren't just for the super-wealthy anymore.Hedges on Hedge Funds takes an inside look at hedge funds, helpinginvestors of virtually every size understand:

• How a hedge fund works, including what a hedge fund is and whatit is not
  
• The three categories of hedge funds, and how to use them toactually reduce portfolio risk
  
• Funds of hedge funds, which make theselucrative vehiclesavailable to more investors than ever before
  

Investors in today's tumultuous markets can't afford to overlookany possibilities, especially those with proven track records ofsuccess. Hedges on Hedge Funds removes the veil of secrecy fromhedge funds, revealing how and why they consistently outperformmarkets—and how to make them a valuable component of yourinvestment portfolio.

From the Inside Flap

Hedge funds are among today's fastest-growing investmentopportunities. With an estimated 7,500-plus hedge funds worldwide,ever-increasing numbers of investors are profiting from the provenhedge fund advantage. We say estimated because, along with beingone of the hottest investments around, hedge funds are also amongthe most secretive. Forbidden by law from engaging in any form ofpublic solicitation for new clients, hedge funds generally sellthrough private introductions and existing relationships, and oftenrefuse to reveal their market-beating techniques and strategieseven to their own investors.

This has led to their reputation as exclusive, elitist, andbeyond the reach of the average investor. But while many hedgefunds still require initial investments of one million dollars ormore, a new breed of security—funds of hedge funds—canprovide investors with a basket of hedge funds for increaseddiversification and lowered risk, all for as little as $25,000.

Hedges on Hedge Funds removes the veil of secrecy that surroundsthe long-hidden world of hedge funds. Written by James Hedges, arecognized pioneer in the hedge fund industry, this accessible andinformative book discusses:

• Specifics of hedge fund investing—Including how to findand invest in them, a thorough overview of hedge fund investmentstrategies, and four vital elements for choosing the right fundmanager
  
• The hedge fund advantage—Attributes that set hedge fundsapart from other investment vehicles and can help them providevaluable diversification to any standard investment portfolio
  
• Types of hedge funds—From global macro to fixed incomearbitrage to special situations funds, explanations of thesimilarities, differences, and risks involved, for help whenchoosing from among today's many approaches
  

Successful long-term investing is all about spotting and seizingthe right opportunity at the right time. Hedge funds represent oneof today's most wide-open opportunities that—despite theirreputation as havens only for gamblers and the super-rich—areactually becoming affordable and sensible for most investors. LetHedges on Hedge Funds introduce you to this increasingly accessibleworld, and give you the knowledge and information you need todetermine whether hedge funds are right for you—and, if so,how to make them a component in your overall investmentstrategy.

Edition details

• Publisher: Wiley
• Publication date: 2004
• Language: English
• ISBN 10: 0471625108
• ISBN 13: 9780471625100
• Binding: Hardcover
• Edition number: 1
• Number of pages: 232