SKU: 18600738238

The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True

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The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be TrueThe dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return

The dismal truth about hedge funds and how investors can get a greater share of the profits

Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good.

Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance.

  • The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck
  • Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s

Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.



Binding Type: Hardcover
Publisher: Wiley
Published: 01/03/2012
ISBN: 9781118164310
Pages: 208
Weight: 0.83lbs
Size: 9.26h x 6.34w x 0.57d
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SKU: 18600738238

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Ryan Siriwardene
Fort Morgan, US
★★★★★ 5
moelicious
Format: Hardcover
i cant wait to read it!!!!! It came in great condition just like the ones I bought in australia
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Reviewed in the United States on May 10, 2009
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Drewsci27
Lake Worth, US
★★★★★ 3
not as funny as others
the other simpsons libary of wisdom books are better. but still a fun read and good for the price. Moe
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Reviewed in the United States on April 10, 2013
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Flavio K.
Charlottesville, US
★★★★★ 5
A heartwarming treasure!
Format: Hardcover
This book is so beautifully illustrated and full of warmth and heart. The story is delightful, and the artwork perfectly captures the magic on every page. A true gem that both kids and adults will love. Highly recommend!!
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Reviewed in the United States on October 4, 2025
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Lynn Franklin
Lowell, US
★★★★★ 5
A book that Grandmother, mothers, and children will love
Format: Hardcover
This is a lovely, lilting description of a day in the life of one family. Thoughtfully written with beautiful illustrations, it's a delight to read. The best part is how gentle and understanding it is of real life adventures/problems. I can't wait to read it to my grandchildren! Thank-you Bee Johnson for sharing with us, we're all richer for it, especially the children.
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Reviewed in the United States on August 22, 2024
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CB
Bozeman, US
★★★★★ 5
Fantastic Book that encourages creativity!
Format: Hardcover
Beautifully written, bursting with fantastic illustrations and a constant reminder of the creativity all around us …. Especially thru the eyes of a child! WONDERFUL!!!
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Reviewed in the United States on December 19, 2024

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