{"product_id":"the-little-book-of-hedge-funds-isbn-9781394286676","title":"The Little Book of Hedge Funds","description":"\u003cp\u003e\u003cb\u003eMaster the art of hedge fund investment in a high-interest-rate environment\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn the newly updated \u003ci\u003eThe Little Book of Hedge Funds\u003c\/i\u003e by celebrated financier Anthony Scaramucci, you'll find a crucial roadmap through the intricate world of hedge funds in the aftermath of significant financial shifts. Scaramucci breaks down complex investment strategies into understandable insights, adapting to the high-stakes environment of post-2008 and post-Covid economics. This edition is tailored for anyone aiming to grasp the pivotal changes and seize investment opportunities in the evolving landscape of hedge funds. \u003c\/p\u003e\u003cp\u003eDetailing the transformation from a decade of near-zero interest rates to an era of higher rates and inflation, this book explores how hedge funds have adapted and what investors must know to thrive. Through expert analysis, interviews with legendary investors, and forward-looking predictions, Scaramucci provides a comprehensive view on managing investments with higher risks, choosing the right fund managers, and understanding the future trajectory of hedge funds. \u003c\/p\u003e\u003cp\u003eIn the book, you'll: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eLearn how the hedge fund industry has evolved through significant economic shocks\u003c\/li\u003e \u003cli\u003eGain strategies for selecting hedge fund managers in a higher risk environment\u003c\/li\u003e \u003cli\u003eUnderstand the potential future directions of hedge funds and how they may impact investors\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Little Book of Hedge Funds\u003c\/i\u003e is an essential guide for navigating the complexities of hedge funds in today's financial climate. Whether you're a novice investor, a seasoned financier, or a professional within the financial sector, this book equips you with the knowledge to make informed decisions and capitalize on hedge fund investments. \u003c\/p\u003e\u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003eIntroduction: Goin’through Changes xv\u003c\/p\u003e \u003cp\u003eChapter One What Is a Hedge Fund?: The Traditional Long-Only Portfolio Versus the Alternative Hedge Fund Portfolio 1\u003c\/p\u003e \u003cp\u003eChapter Two The Parlor Cars of the Gravy Train: The Long and the Short of It 31\u003c\/p\u003e \u003cp\u003eChapter Three Accessing the Inaccessible: From the Elite to Main Street 55\u003c\/p\u003e \u003cp\u003eChapter Four Heads We Win; Tails You Lose: Eating Your Own Cooking While Enduring Symmetrical Glories and Punishments 71\u003c\/p\u003e \u003cp\u003eChapter Five The Alpha Game: In Search of El Dorado 85\u003c\/p\u003e \u003cp\u003eChapter Six Ironing Out Inefficiencies: Exploiting the Efficient Market Theory 101\u003c\/p\u003e \u003cp\u003eChapter Seven A Balancing Act: Outperforming the Market While Taking Less Risk 121\u003c\/p\u003e \u003cp\u003eChapter Eight Private Parts: Inside the Wild, Booming World of Private Equity (and More) 147\u003c\/p\u003e \u003cp\u003eChapter Nine If You Can’t Beat ’Em, Join ’Em: Hedge Fund Manager Selection and Due Diligence 175\u003c\/p\u003e \u003cp\u003eChapter Ten The Men Behind the Curtains: Fund of Hedge Funds 201\u003c\/p\u003e \u003cp\u003eChapter Eleven From Wall Street to Park Avenue: Setting Up Shop at the Hedge Fund Hotel 223\u003c\/p\u003e \u003cp\u003eConclusion: The Shape of Things to Come 243\u003c\/p\u003e \u003cp\u003eAppendix: Due Diligence Questionnaire 249\u003c\/p\u003e \u003cp\u003eNotes 255\u003c\/p\u003e \u003cp\u003eAcknowledgments 261\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eAnthony Scaramucci, \u003csmall\u003eJD\u003c\/small\u003e,\u003c\/b\u003e is the founder and co-managing partner of SkyBridge Capital, a global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate. He earned a law degree from Harvard Law School in 1989 and has held a variety of positions in the finance industry from 1989 to today.   \u003c\/p\u003e\u003cp\u003eUshering in over a decade of near-zero interest rates, the 2008 financial crisis changed the world of hedge funds forever. And as the post-COVID era reintroduced higher rates and higher inflation, many famous investment managers were washed away in the ensuing tsunami. A new regime was put in place and, with it, new rules and frameworks for successful operation came into being. \u003c\/p\u003e\u003cp\u003eIn the newly revised second edition of \u003ci\u003eThe Little Book of Hedge Funds\u003c\/i\u003e, celebrated financier Anthony Scaramucci delivers yet another indispensable discussion of these exceedingly important—but poorly understood—investment vehicles. The author introduces how hedge funds came to grow to the size they are today, how a low interest rate era shaped behavior in this investing space, and how investors need to behave today to adapt to the return of higher rates and even higher inflation. \u003c\/p\u003e\u003cp\u003eThe book explains what you should look for from a hedge fund manager who’s returns will now be measured against a much higher risk-free rate. It also includes interviews with three legendary hedge fund investors about how they choose investment managers and how they decide who they can trust with their (substantial) assets. Finally, Scaramucci considers what the future might hold for the hedge fund industry and, more importantly, what that means for individual investors doing their best to earn a market-beating return in a challenging environment. \u003c\/p\u003e\u003cp\u003ePerfect for novice investors, experienced financiers, and professionals working at financial institutions, \u003ci\u003eThe Little Book of Hedge Funds \u003c\/i\u003eis a must-read resource that offers the tools and information you need to understand and invest in hedge funds.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for\u003cbr\u003e \u003csmall\u003eTHE LITTLE BOOK OF\u003c\/small\u003e HEDGE FUNDS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“This \u003ci\u003eLittle Book\u003c\/i\u003e does a great job providing an insider’s perspective on the hedge fund industry and why they will always be an important part of a well-diversified portfolio.”\u003cbr\u003e \u003cb\u003e—LEE COOPERMAN,\u003c\/b\u003e Chairman and CEO of Omega Family Office, former General Partner, Goldman Sachs \u003c\/p\u003e\u003cp\u003e“In the second edition of \u003ci\u003eThe Little Book of Hedge Funds\u003c\/i\u003e, Scaramucci demystifies the complexities of hedge funds with the wit and insight of an investment veteran, making an otherwise opaque world both accessible and engaging. Sharp, informative, and incredibly entertaining.”\u003cbr\u003e \u003cb\u003e—JOE DOWLING,\u003c\/b\u003e Senior Managing Director and the Global Head of Blackstone Multi-Asset Investing (BXMA)\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990280028389,"sku":"NP9781394286676","price":27.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394286676.jpg?v=1761787182","url":"https:\/\/k12savings.com\/products\/the-little-book-of-hedge-funds-isbn-9781394286676","provider":"K12savings","version":"1.0","type":"link"}