There has been a tremendous growth in the Hedge Fund industry in recent years.It is estimated that there are more than 8000 Hedge Funds in the US alone. Theyhav... » 

There has been a tremendous growth in the Hedge Fund industry in recent years.It is estimated that there are more than 8000 Hedge Funds in the US alone. Theyhave grown in popularity since the bear market of the early 2000s whichconvinced many people that they cannot just own stocks outright or insidemutual funds. Most investors understand mutual funds. They understand thatthe manager selects stocks and buys them. They also understand why they madeor lost money in their mutual fund investments. The same thing cannot be saidabout Hedge Funds which come in a variety of flavors. Even savvy investors areoften hard pressed to explain the sources of return on their Hedge Funds.This book should be read by anyone who has invested in or is consideringan investment in a Hedge Fund and also by anyone who is considering startingone. The book explains the different types of funds as well as covering the keyissues in every type of Hedge Fund. This book covers the entire gamut ofthe Hedge Fund industry. The authors explain the different styles of HedgeFunds e.g. market neutral convertible bond arbitrage fixed income arbitrageand many more and include a summary for each style of fund. The book alsoexplains what a fund of funds is and covers the recently introduced capitalguarantees and describes the capital preservation concerns that are faced byinvestors. «