{"product_id":"top-hedge-fund-investors-isbn-9780470501290","title":"Top Hedge Fund Investors","description":"\u003cb\u003eA professional's guide to the world of hedge fund investing\u003c\/b\u003e  \u003cp\u003eThroughout the financial crisis of 2008, many hedge funds suffered massive losses and were often blamed for the extreme market upheavals. In the wake f the crisis, hedge funds remain a source of fascination for the media, legislators, and investors, mostly due to misunderstanding. Historically portrayed as risky investment funds for the very wealthy run by swashbuckling traders, the truth is hedge funds are simply an investment vehicle designed to generate superior returns and reduce an investor's overall portfolio risk.\u003c\/p\u003e \u003cp\u003eInvestors have good reasons to remain fascinated with hedge funds. Although many individual funds have underperformed or collapsed, hedge funds as a whole have provided solid returns while reducing risks. Savvy institutions have invested in hedge funds for many years and have made them a large and powerful force in the markets. Investing in hedge funds requires sophisticated knowledge, understanding, skill, access, and experience. Individuals and institutions, whether they are new to hedge funds or need to improve, can find those attributes in the stories of the successful hedge fund investors profiled in \u003ci\u003eHedge Fund Investors.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHedge Fund Investors\u003c\/i\u003e chronicles the challenges and rewards these investors face, in selecting hedge fund managers, managing risks, and constructing portfolios. In revealing conversations, leading hedge fund investors who place hundreds of billions of dollars in hedge funds, share their philosophies, strategies, and advice.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProfiles a variety of different investors from the pioneers in hedge fund investing to managers for high net-worth individuals and fund of funds investors\u003c\/li\u003e \u003cli\u003eDiscusses winners and losers in the recent market decline, problematic hedge fund strategies, and how these current events will change future strategies\u003c\/li\u003e \u003cli\u003eProvides lessons, insights, and advice beneficial to all hedge fund investors\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eEngaging and informative, \u003ci\u003eHedge Fund Investors\u003c\/i\u003e will prove valuable to anyone involved in placing money with hedge funds, as well as hedge funds who seek to better understand their clients.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eAbout the Authors xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Evolution of the Hedge Fund Industry and Investing 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 The Truth about Hedge Funds: From Misunderstood Investment Vehicle to Household Word 3\u003c\/p\u003e \u003cp\u003eChapter 2 The Investment Process: Best Practices of Successful Hedge Fund Investors 15\u003c\/p\u003e \u003cp\u003eChapter 3 The Hedge Fund Investment Landscape: A Snapshot in Time 25\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Top Hedge Fund Investors: Stories and Strategies 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 Author of the Hedge Fund Investing Story: Richard Elden, Founder and Former Chairman, Grosvenor Capital Management 33\u003c\/p\u003e \u003cp\u003eChapter 5 The Predictive Value of Performance: Frank Meyer, Founder and Former Chairman, Glenwood Capital Investments 47\u003c\/p\u003e \u003cp\u003eChapter 6 The Best Qualities of Limestone: James R. Hodge, President and Chief Investment Officer, Permal Asset Management Inc. 69\u003c\/p\u003e \u003cp\u003eChapter 7 An Asymmetrical Talent: Mark J.P. Anson, Managing Partner and Chair of the Investment Committee, Oak Hill Investment Management 83\u003c\/p\u003e \u003cp\u003eChapter 8 Early Endowment CIO and Entrepreneur: Louis W. Moelchert, Jr., Managing Partner, Private Advisors, LLC 103\u003c\/p\u003e \u003cp\u003eChapter 9 An Ambassador of the Highest Standard: Christopher Fawcett, Co-Founder, Senior Partner, Fauchier Partners 117\u003c\/p\u003e \u003cp\u003eChapter 10 A Risk Management Mastermind: Deepak Gurnani, Head of Hedge Funds, Investcorp 137\u003c\/p\u003e \u003cp\u003eChapter 11 A Driver of Returns: Kathryn A. Hall, Chairman, Chief Executive Officer, and Chief Investment Officer, Hall Capital Partners 155\u003c\/p\u003e \u003cp\u003eChapter 12 A Better Way: Ted Seides, Co-Founder, Protégé Partners 173\u003c\/p\u003e \u003cp\u003eChapter 13 The Quality of the People: A Review and Preview 199\u003c\/p\u003e \u003cp\u003eNotes 211\u003c\/p\u003e \u003cp\u003eIndex 215\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eCATHLEEN M. RITTEREISER\u003c\/b\u003e is the coauthor of \u003ci\u003eFoundation and Endowment Investing\u003c\/i\u003e (Wiley) and informs and educates institutional investors as a writer, speaker, and consultant. An alternative investments marketing executive with over twenty years' experience, Rittereiser has held positions with leading financial firms, including Symphony Asset Management and Merrill Lynch. She received a BA from Franklin \u0026amp; Marshall College and an MBA from New York University's Stern School of Business.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eLAWRENCE E. KOCHARD, P\u003csmall\u003eH\u003c\/small\u003eD, CFA,\u003c\/b\u003e is Chief Investment Officer of the Georgetown University endowment and teaches at the McDonough School of Business at Georgetown. He is a leader in the foundation and endowment investing community and coauthor of \u003ci\u003eFoundation and Endowment Investing\u003c\/i\u003e (Wiley). Previously, Kochard was managing director of equity and hedge fund investments for the Virginia Retirement System, an adjunct finance professor at the University of Virginia, and a vice president with Goldman Sachs. He holds an MA and PhD in economics from the University of Virginia and is a CFA.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTOP HEDGE FUND INVESTORS\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eThroughout the recent financial crisis, many hedge funds suffered massive losses and were often blamed for the extreme market upheavals. Performance soon rebounded and approached record- breaking heights. In the wake of these events, hedge funds remain a source of fascination for the media, legislators, and investors.  \u003c\/p\u003e\u003cp\u003eHistorically portrayed as risky investments run by swashbuckling managers—and reserved only for the very wealthy—hedge funds are simply an investment vehicle designed to generate superior returns and reduce an investor's overall portfolio risk. Although many individual funds have underperformed or collapsed, hedge funds as a whole have proved resilient and achieved their objectives.  \u003c\/p\u003e\u003cp\u003eInvesting in hedge funds requires sophisticated knowledge, understanding, skill, access, and experience. Individual and institutional investors, whether they are hedge fund novices or experts, can find these attributes in the stories of the successful hedge fund investors profiled in \u003ci\u003eTop Hedge Fund Investors\u003c\/i\u003e.  \u003c\/p\u003e\u003cp\u003eThis accessible resource chronicles the challenges and rewards these investors face in selecting hedge fund managers, managing risk, and constructing portfolios. Through revealing conversations, leading hedge fund investors—with hundreds of billions of dollars in hedge funds—share their philosophies, strategies, and advice. Page by page, this timely guide:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eProfiles a variety of different investors from the pioneers in hedge fund investing to managers for high-net-worth individuals and fund of funds investors\u003c\/li\u003e \u003cli\u003eDiscusses winners and losers in the recent market decline, problematic hedge fund strategies, and how recent events will change hedge funds forever\u003c\/li\u003e \u003cli\u003eProvides lessons, insights, and advice beneficial to all hedge fund investors\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eEngaging and informative, Top Hedge Fund Investors will prove valuable to anyone involved in placing money with hedge funds, as well as hedge funds that seek to better understand their clients.    \"In \u003ci\u003eTop Hedge Fund Investors\u003c\/i\u003e, Rittereiser and Kochard have put to rest any lingering doubts that hedge funds have become an essential component of successful investment programs. When a collection of extraordinarily talented individuals, like those profiled in this book, dedicate their lives to a common discipline, we can be sure that these strategies have reached a permanent level of prominence in the investment world. \u003ci\u003eTop Hedge Fund Investors\u003c\/i\u003e profiles men and women with passion, courage, intellect, tenacity, inquisitiveness and resiliency, who have helped establish a standard of excellence in hedge fund investing that all those who read this book will benefit from emulating. We are all richer for the authors' efforts to bring together this outstanding volume of Stories, Strategy and Advice from some of the best hedge fund investors in the business.\"\u003cbr\u003e —\u003cb\u003eMark W. Yusko\u003c\/b\u003e, CEO \u0026amp; Chief Investment Officer, Morgan Creek Capital Management  \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eTop Hedge Fund Investors\u003c\/i\u003e offers a refreshing perspective and unique insight into the shrouded world of hedge funds. We get a glimpse beyond the numbers and gain an insider's view of this complex industry. As one who has been with this business for nearly thirty years, I can attest that this book rings true.\"\u003cbr\u003e —\u003cb\u003eLawrence P. Chiarello\u003c\/b\u003e, Partner, SkyView Investment Advisors LLC\u003c\/p\u003e \u003cp\u003e\"Great subject, terrific insights from top allocators to hedge funds. Eldon, Meyer and Hodge show how to avoid making unforced errors when investing. They and the other Investors make this the best book I have seen on selecting money managers.\"\u003cbr\u003e —\u003cb\u003eDouglas Sperry Makepeace\u003c\/b\u003e, President, Sperry Fund Management LLC, New York City\u003c\/p\u003e \u003cp\u003e\"An insightful tour of the Hedge Fund World, with some of the most experienced guides that demystify a lot of the wrong ideas people have of this industry and its players.\"\u003cbr\u003e —\u003cb\u003eMichel Amsellem\u003c\/b\u003e, Member of the Advisory board Banque Heritage\u003c\/p\u003e \u003cp\u003e\"Given the importance that 'hedge funds' have gained in financial markets it behooves all investors, not just professionals, to understand the underlying principles used by prominent hedge fund investors. \u003ci\u003eTop Hedge Fund Investors\u003c\/i\u003e provides an interesting description of the investment philosophy of some of the leading practitioners of this relatively unknown segment of the financial markets, and how they have organized their firms.\"\u003cbr\u003e —\u003cb\u003eCharles Falcon\u003c\/b\u003e, Retired Corporate Finance Executive\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990395502821,"sku":"NP9780470501290","price":63.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470501290.jpg?v=1761787658","url":"https:\/\/k12savings.com\/es\/products\/top-hedge-fund-investors-isbn-9780470501290","provider":"K12savings","version":"1.0","type":"link"}