what's your most favorite hedge fund-related books to date? (sounds funny doesn't it)
it can be anything, can be about setting the right mindset, biography of a successful money manager, investment strategies, valuation, etc...
I wanna enrich myself since I'm still new to the industry, thank you!!
Black Swan - book, not the movie.
Telling everyone what type of hedge fund you would like to work for would help guide recommendations.
The Maxims of Wall Street.
Just don't take it too seriously.
hedge fund market wizards series by jack schwagger (sp?)
This. Regular market wizards was impressive too. Great trading advice. I've used some of their techniques and done better than the past.
also watching interviews on www.opalesque.tv/
[quote=captainkoolaid]also watching interviews on www.opalesque.tv/[/quote]
I seriously recommend people do this... if you can get past the interviewer's thick accents they get some really amazing insight from a lot of great managers. A lot to be learned there.
,
the most important thing dylan grice collected works
must read books for hedge funds (Originally Posted: 03/25/2011)
Wanted to get a list (not too long) of must read books for an aspiring HF monkey. So far from other posts I've searched we've got:
Any others? I'm really trying to pinpoint the strategy I would like to pursue. I am leaning towards event-driven / special situations.
Thanks guys.
If you guys can tailor it to those strategies.. Thanks
Financial Shenanigans The Art of Short Selling Margin of Safety Value Investing (Greenwald)
And this John Paulson paper:
http://www.iamgroup.ca/doc_bin/The%20Risk%20in%20Risk%20Arbitrage.pdf
mkt wiz.
Hedgehogging by Barton Biggs
Thanks guys. Any other event driven / SS books ? Amazon ssucks for a search..
Any of those cover the early days with Tiger?
The Alpha Masters The hedge fund book by Richard c. Wilson The Alchemy of finance by George Soros The complete guide to hedge funds and hedge fund strategies.
The Alchemy of finance by George Soros ? I heard that it was a waste of time..
Fooling some of the people You can be a stock market genius
Alchemy is a waste of time IMO...
The Most Important Thing Accounting for Value The Investment Checklist Competition Demystified The Art of Value Investing (Not really a "how to" book, but its fun to compare/contrast the thoughts of different managers to similar topics...at least for me...)
Depending on the strategy obviously, here are my favorites (Fundamental/Deep value): The most important thing Value investing - Bruce Greenwald Fooled by randomness Intelligent investor Securities analysis You can be a stock market genius The little book that beats the market Competition demystified
Please give examples of some good books on hedge funds/ specifically short selling hedge fund and their role in the financial... (Originally Posted: 03/20/2012)
crisis...
thanks
http://www.wallstreetoasis.com/forums/what-is-the-impact-on-the-economy…
http://www.wallstreetoasis.com/forums/for-what-economicsocial-reasons-e…
Why did you post 3 of the same threads in the same forum group?
he's trying to get us to do his homework for him
More Money Than God, by Sebastian Mallaby
http://www.Amazon.com/More-Money-Than-God-Making/dp/1594202559
http://www.amazon.com/Fooling-Some-People-Short-Story/dp/0470073942
[quote=BlackHat]http://www.amazon.com/Fooling-Some-People-Short-Story/dp/0470073942[/qu…]
Homework or not you should read this book.
Books that describe jobs in Hedge Fund? (Originally Posted: 05/31/2010)
What are some books out there that describe the jobs in hedge fund in detail? I'm thinking about the vault career guide on hedge fund, but a lot of people said that it's overpriced and it only contains general information. I want to see whether Hedge Fund fits me. Thanks
It sounds funny because it's grammatically incorrect.
You need to give us a little more than 'hedge fund' if you want relevant recommendations. What kinds of securities does your firm buy? How long does it hold them?
maybe soros' book. just google it. message me ill send u the vault guide. its free at ur school
It depends what type of fund you're interested in.
Vault guides tend to offer a very superficial treatment.
^^true. if you are interested in global macro, read "Inside the House of Money". Bill Gross and Taleb gave testimonials on the back cover -- quality read.
Thanks a lot. I will look into those!
the invisible hands or however the new one by the author of House of Money is called. Only about Global macro but great read in market wizzard style
Inside the House of money The invisible hands Both by steven drobny and a complete must read if you are in a macro fund
Hedge Fund books (Originally Posted: 08/14/2011)
What is a good HF book that talks about all the different strategies in depth?
More Money Than God Inside the House of Money The Invisible Hands Market Wizards/Stock Market Wizards
The Handbook of Alternative Assets
Type Hedge Fund Strategies in Amazon. All the above mentioned books rarely break down strategies in-depth.
http://www.Amazon.com/Investment-Strategies-Hedge-Funds-Finance/dp/0470026278/ref=sr_1_1?ie=UTF8&qid=1313367702&sr=8-1
Thanks, I appreciate all the responses.
thanks a bunch for the inputs, seniors!
our HF is a very typical value fund, we focus on long term investment in undervalued stocks...
but I guess the books don't have to be related to HF since I have actually read a lot of them like those from Peter Lynch and Philip Fisher... as long as they are insightful and interesting should be enough, something like the interview link you gave above... that's wonderful! or perhaps something similar to Monkey Business or The Inside Job documentary?
thanks again....
technical books for HF job (Originally Posted: 12/03/2011)
Ok, let me start by saying that I've already searched for older threads regarding this topic.
I am aware of all the value books (Security Analysis, margin of safety, to name a few) and that I own the most popular valuation books (IB, Benninga's, Damodaran's, McKinsey's, Tija's).
I come from ib and finally made to jump to the buy side. I'm starting soon at a: start up L/S equity fundamental/value hedge fund based in an emerging market.
I wanted to know if there are any modelling/analysis books focused on the buy-side. I'm looking to improve my modelling and market analysis skills. I'd like also to learn some portfolio management modelling skills (I went up til Black-Litterman in college but there has to be something more sophisticated than that).
Thx!
Please, don't answer things like When Genius Failed....
pretty much everything covered here, but also you just have to mention Michael Lewis' The Big Short here! isn't centered around hedge funds roles in the financial crisis but has many interesting insights how some of them thought about developements prior to the burst of the re bubble and how they acted on it.. Great piece of literature and probably comes closest to some kind of a merger between monkey business and inside job
sorry about that, replied to the wrong thread:
There is a very good book by Francois-Serge Lhabitant: Hedge Fund - Quantitative Insights, but the guys has more books.
To be honest, if you already know how to make a valuation, you don't need much more. Each fund uses different models and techniques, so the best is probably to learn whatever models your fund uses.
Thanks, I was thinking that since I couldn't find any books that looked useful. It's very likely I'll end up implementing models found in papers...
That's a way of doing it, it will depend on the fund strategy, if they are mainly quantitative I would go for the papers...
Some books I have read and liked:
Fooling Some of the People All of the Time: A Long, Short Story by David Einhorn is good read about in depth research.
Confidence Game. Story of BIll Ackman and MBIA.
A Tiger in the Land of Bulls and Bears - Story of Julian Robertson and Tiger Management.
I also like to read hedge fund letters which outline investment ideas and how people think about ideas. Marketfolly (I can't post the link as I'm not a qualified enough primate) has a decent supply of letters and is an easy way to spend a few hours.
There are also a number of blogs such as Bronte Capital which are very good and detailed.
IB --> HF Which funds / Which books (Originally Posted: 02/07/2015)
So I'm doing some research into HFs and am trying to pick a type / style that would fit me best.
Thus I have 2 questions: 1. What type of HFs most often hire from IB and why? (eg I imagine not global macro?) 2. What books would you recommend to learn about lifestyle in various types of funds? So not "Security Analysis" or "Intelligent Investor" (great books, no question) but rather something like "Money Mavericks" where the author describes what it's like to be a part of a HF.
Thanks!!
Bottoms-up, fundamentally driven, research intensive funds. Both equity and credit depending on which groups you're talking about form banks. L/S Equity and Event Driven (merger arb, distressed, spec sits, etc) are most common.
Some good books on how the sausage is made at a HF:
Running Money Diary of a Hedge Fund Manager Confidence Game Fooling Some of the People All of the Time
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