{"product_id":"getting-started-in-hedge-funds-isbn-9780470630259","title":"Getting Started in Hedge Funds","description":"The book on hedge fund basics, completely updated to reflect today’s post-crisis industry\u003cbr\u003e \u003cbr\u003e   \u003cp\u003eThe hedge fund industry has been reeling in the wake of recent Ponzi schemes and insider trading scandals as well as the loss of billions of dollars in assets under management due to fund closures. \u003ci\u003eGetting Started in Hedge Funds, Third Edition\u003c\/i\u003e focuses on the current state of the industry; how hedge funds did or did not survive the subprime and subsequent credit crisis; and, what the future holds for investors. \u003ci\u003eGetting Started in Hedge Funds, Third Edition\u003c\/i\u003e also provides readers with a brief overview of the industry's history, and describes the inner-workings of these complex investment vehicles, including how to start a hedge fund, and what new regulations means for managers and investors.\u003cbr\u003e •    Profiles 10 highly successful hedge fund managers\u003cbr\u003e •    Addresses the Madoff scandal, as well as other lesser known Ponzi schemes, and analyzes the ripple effect felt throughout the industry as a result of these and other scandals\u003cbr\u003e Despite the performance of some of these funds in the last few years, hedge funds are here to stay. In this Third Edition, \u003ci\u003eGetting Started in Hedge Funds\u003c\/i\u003e, Strachman provides an updated \"how-to\" guide for investors interested in hedge funds in this era of \"new normal.\"\u003c\/p\u003e \u003cp\u003eAcknowledgments viii\u003c\/p\u003e \u003cp\u003eIntroduction Why Hedge Funds Now and Forever? xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Hedge Fund Basics 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Near Collapse of Long-Term Capital Management 4\u003c\/p\u003e \u003cp\u003eThe Credit Crisis and Hedge Funds 13\u003c\/p\u003e \u003cp\u003eA Brief History of Hedge Funds 17\u003c\/p\u003e \u003cp\u003eThe Current State of the Hedge Fund Industry 21\u003c\/p\u003e \u003cp\u003eAlfred Winslow Jones—The Original Hedge Fund Manager 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 How Hedge Funds Operate 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStarting a Hedge Fund 36\u003c\/p\u003e \u003cp\u003eHedge Fund Regulations and Structures 53\u003c\/p\u003e \u003cp\u003eHow Hedge Funds Use Leverage 62\u003c\/p\u003e \u003cp\u003ePatriarchs of the Hedge Fund World 62\u003c\/p\u003e \u003cp\u003eHedge Funds Take All the Heat 66\u003c\/p\u003e \u003cp\u003eGeorge Soros—The World’s Greatest Investor 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Managers 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGuy Wyser-Pratte—Wyser-Pratte 74\u003c\/p\u003e \u003cp\u003eBill Michaelcheck—Mariner Investment Group 80\u003c\/p\u003e \u003cp\u003eNancy Havens—Havens Advisors LLC 85\u003c\/p\u003e \u003cp\u003eSteve Cohen—SAC Capital 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Hedge Fund Investing 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of an Investment Adviser 98\u003c\/p\u003e \u003cp\u003eAn Institutional Investor 99\u003c\/p\u003e \u003cp\u003eThird-Party Marketers 103\u003c\/p\u003e \u003cp\u003eAn Individual Investor 105\u003c\/p\u003e \u003cp\u003eA Consulting Firm 108\u003c\/p\u003e \u003cp\u003eA Manager of Managers 111\u003c\/p\u003e \u003cp\u003eConclusion 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A Hedge Fund Strategies 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B Example of Material Included in an Onshore Document 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 125\u003c\/p\u003e \u003cp\u003eImportant General Considerations 128\u003c\/p\u003e \u003cp\u003eSummary of Offering and Partnership Terms 130\u003c\/p\u003e \u003cp\u003eManagement 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C Example of Material Included in a Cayman-Based Fund for Tax-Exempt Investors 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePart 1: Establishing an Offshore Fund Domiciled in the Cayman Islands 149\u003c\/p\u003e \u003cp\u003ePart 2: Summary of Key Disclosures for Cayman Islands Offering Document 154\u003c\/p\u003e \u003cp\u003eGlossary 161\u003c\/p\u003e \u003cp\u003eNotes 171\u003c\/p\u003e \u003cp\u003eAbout the Author 175\u003c\/p\u003e \u003cp\u003eIndex 177\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDANIEL A. STRACHMAN\u003c\/b\u003e is the director of HEDGEAnswers.com, an online community for understanding hedge funds and investment strategies. A hedge fund industry veteran, he has contributed articles on investment management and strategies to publications such as the \u003ci\u003eNew York Post\u003c\/i\u003e and the \u003ci\u003eFinancial Times\u003c\/i\u003e, and blogs regularly at HEDGEAnswers.com. He is the author of both the first and second editions of \u003ci\u003eGetting Started in Hedge Funds\u003c\/i\u003e, as well as \u003ci\u003eThe Long and Short of Hedge Funds\u003c\/i\u003e and \u003ci\u003eThe Fundamentals of Hedge Fund Management\u003c\/i\u003e, all published by Wiley. For more information, visit danielstrachman.com   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eAN OVERVIEW OF HEDGE FUNDS, UPDATED TO REFLECT THEIR PLACE IN TODAY'S POST-FINANCIAL MARKET MELTDOWN ECONOMY\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eGETTING STARTED IN HEDGE FUNDS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTHIRD EDITION\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Dan has a unique insight and a depth of experience in the hedge fund industry that few can claim. He articulates a clear map as to the history of the business as well as the direction it's heading. It's a great read for anyone looking to enter the business or simply further their knowledge in the area of hedge fund investing.\"\u003cbr\u003e \u003cb\u003e—ROBERT A. SCHAEFFER,\u003c\/b\u003e Managing Director, HBM GROUP, HBM Fund Services \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eGetting Started in Hedge Funds\u003c\/i\u003e is a must-read for those who are considering operating a hedge fund or for anyone seeking a better understanding of the industry. Dan provides not only the history of the industry with insight from current managers, but also a road map and real-life examples on how to accomplish this goal.\"\u003cbr\u003e \u003cb\u003e—JAY LEVY,\u003c\/b\u003e CPA, Partner and Financial Services Industry Co-Practice Director \u003c\/p\u003e\u003cp\u003e\u003ci\u003eGetting Started in Hedge Funds, Third Edition\u003c\/i\u003e offers a completely updated guide to hedge funds, focusing on the current state of the industry, why certain hedge funds survived and thrived throughout the crisis and why others didn't, and what it all means for investors. Written by veteran financial insider Daniel Strachman, this revised edition also includes: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eA brief history of hedge funds\u003c\/li\u003e \u003cli\u003eHow hedge funds work, including how to start one\u003c\/li\u003e \u003cli\u003eAn analysis of the Madoff scandal and the ripple effect it caused throughout the industry\u003c\/li\u003e \u003cli\u003eProfiles of four highly successful hedge fund managers and what new regulations mean for them\u003c\/li\u003e \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989289189605,"sku":"NP9780470630259","price":19.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470630259.jpg?v=1761783533","url":"https:\/\/k12savings.com\/es\/products\/getting-started-in-hedge-funds-isbn-9780470630259","provider":"K12savings","version":"1.0","type":"link"}