Guide to Hedge Funds: What They Are, What They Do, Their Risks, Their Advantages (The Economist)

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9781576603116: Guide to Hedge Funds: What They Are, What They Do, Their Risks, Their Advantages (The Economist)

In 1990 hedge funds managed some $39 billion of assets. By late 2006 that figure had grown to $1.3 trillion. That is a staggering increase. Equally staggering is the amount of money successful hedge fund managers earn. In 2006 the top 25 hedge fund managers were paid $14 billion between them, with the top three earning over $1 billion each. Most people have heard the term 'hedge fund' but few are clear about what exactly a hedge fund is or what it does. This guide aims to put them in the picture with the clarity and lively prose that 'The Economist' is famous for.

It provides a succinct survey of the industry for all those who think they should know about hedge funds, but do not. It is aimed at all those who might want or have to deal with a hedge fund: private investors, trustees of a pension fund, directors of a listed company, and lawyers and accountants who may be interested in working in the industry. It is also aimed at those who happily criticize hedge funds without really knowing what they do.

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Book Description:

This lively and admirably clear guide sheds much needed light on the world of hedge funds by explaining what they are, what they do, who the main players are, the regulations affecting them, the arguments as to whether they are a force for good or bad, and what the future holds for them. "More people have a view about hedge funds than know about them. Philip Coggan bridges the knowledge gap in this clearly written guide.Every chapter is a gold mine of information and analysis, making it easy to learn about hedge funds. No investor, no investment adviser, no trustee, no dinner-table conversationalist should express opinions on the sector until they have read this book."              --Elroy Dimson BGI Professor of Investment Management, London Business School

From the Inside Flap:

In 1990 hedge funds managed assets worth around $39 billion. At the peak in 2007 that figure had grown to a staggering $2 trillion. Equally staggering is the amount of money successful hedge fund managers earn—in 2008 the top 10 earned more than $10 billion between them. The returns hedge funds make can be substantial, as they should be, given the high fees they charge. But the losses can be substantial too—as some discovered during the credit crunch market upheaval that started in the summer of 2007.

Most people have heard of hedge funds but few are clear about what they are or what they do. The revised and updated second edition of this highly acclaimed guide deftly explains all you need to know about hedge funds in order to understand the nature of their business. Following an introduction there are six chapters:

  • Hedge fund taxonomy

  • The players

  • Funds-of-funds

  • Hedge fund regulation

  • Hedge funds: for and against

  • The future of hedge funds

And at the end of the book there is a glossary of terms used in association with hedge funds, together with a number of tables and charts showing hedge fund data over the years.

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Coggan, Philip
Published by Bloomberg Press (2008)
ISBN 10: 1576603113 ISBN 13: 9781576603116
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Coggan, Philip
Published by Bloomberg Press
ISBN 10: 1576603113 ISBN 13: 9781576603116
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