Best Hedge Fund Book
Best books on hedge funds, in-depth explanation of strategies, big players, history, day to day responsibiltiies, etc
Any input would be great. thx.
Best books on hedge funds, in-depth explanation of strategies, big players, history, day to day responsibiltiies, etc
Any input would be great. thx.
Career Resources
bum
I dont think it gets any better than:
inside the house of money
or
the invisible hands
both interviews ala Market wizards conducted by Drobny. I have learned quite a lot reading it. It is onlay Global macro but still teaches a lot about other things. I am currently in ER so actually global macro is less my day to day grind therefore I enjoyed it even more.
The hf managers interviewed in the second one manage 80bn + if I remember correctly...
thx. theres a couple of different versions/types on amazon. can you tell me which you read?
http://www.amazon.com/s/ref=nb_sb_ss_i_6_9?url=search-alias%3Daps&field…
First one by Drobny.
http://www.amazon.com/Inside-House-Money-Revised-Updated/dp/047037909X/…
http://www.amazon.com/Invisible-Hands-Hedge-Record-Rethinking/dp/047060…
thx
which one is better for what I want? gonna buy tonight
They kind of follow each other, inside the house of money being the first. I would read both honestly. I think Invisible Hands is better but it builds on the themes broached in "Inside," which is excellent in its own right. I know this sounds like a lot of hyperbole, but the interviews with Leitner and Bessent are sick.
bought em.thx
inside the house of money was pretty useful for me !!!
More Money Than God, which is a newer title, is also pretty good as well, and fits roughly with what you're looking for
read inside. it was good,,, also interested in event driven..
read inside. it was good,,, also interested in event driven..
More money than God. A VERY VERY good book
Just read More Money than God and it was great! Awesome stories on the details of significant trades.
The Hedge Fund Book: A Monkey's Review (Originally Posted: 05/03/2012)
“You know what I want? One day, to be on the other end of that phone.” “You got it Buddy—where the real cheesecake is.” – Wall Street
The movie glosses over this entirely, but if you want to be the hedge fund manager or private equity big shot on the other end of the phone, you’ve got to understand what it takes to run a hedge fund on a day-to-day basis—and not just from the manager’s chair.
That’s right, monkeys. It ain’t just about picking a trading strategy, beating the S&P500 and making plans for what yacht you’re going to buy with your first performance fee.
There were some pretty good, well-thought-out responses to “What kind of hedge fund would you start?” last week, but how many of you know how much it costs to set up an independent board of directors for your fund? How long should your Powerpoint presentation be when pitching to new clients and raising capital? What resources are available for connecting start-up hedge funds with potential seed money? Which criteria should be used when choosing service providers? What activities do you want to outsource, and which operations do you want to keep in house? How do you prepare for an audit, both internally and externally?
“The Hedge Fund Book” takes all that nitty-gritty, operational, back-office stuff that a lot of us would prefer not to think about from our fantasy top-floor office and condenses a lot of it into less than 200 pages. A lot of monkeys on this site have their sights set on managing their own hedge fund, which is a highly-sought after job for a reason. But as we all know, anything entrepreneurial is a big risk, and running a hedge fund is in some ways even more challenging than running a small business. Even if running your own shop isn’t your goal, it’s still worth a read to gain a more granular look at the industry behind all different types of funds.
It’s also pretty easy to study, given chapter-by-chapter summaries, questions, and links to other resources and video content for continuing education.
If you had to summarize the most important lesson in “The Hedge Fund Book,” you can’t go wrong with the introductory quote to Chapter 2:
“There are three ways to raise capital: having more high net worth friends than the next fund manager, landing early institutional allocations, or hard work. Get to work.”
Read up, monkeys!
Monkey’s Review 1: Barbarians At the Gate Monkey’s Review 2: The Financier Monkey’s Review 3: Decision Points Monkey’s Review 4: Debunkery Monkey’s Review 5: When Genius Failed Monkey’s Review 6: Monkey Business Monkey’s Review 7: Death Of The Banker Monkey’s Review 8: A Journey Monkey’s Review 9: Damn It Feels Good To Be A Banker Monkey’s Review 10: The Quants Monkey’s Review 11: All About Hedge Funds Monkey’s Review 12: The Unlikely Disciple Monkey’s Review 13: Adventure Capitalist Monkey’s Review 14: The Hedge Fund Book Monkey’s Review 15: Investing In Hedge Fund of Funds Monkey’s Review 16: Hilarity Ensues Monkey’s Review 17: The Prince Monkey’s Review 18: Markets Never Forget (But People Do) Monkey’s Review 19: The Money Culture
Nice review as always, I just bought "Fooling Some of the People All of the Time: A Long Short Story". I strongly recommend it. Very easy to read.
Great job. Thanks for taking the time to write a review.
HF SA accounting book? (Originally Posted: 05/16/2010)
What book do you guys recommend for a SA at a distressed debt HF to learn basic accounting? I know jack shit about the subject right now. Should I be looking at a financial accounting book or a financial statement analysis book? Any good workbooks? Ideally no audit or compliance or other boring accountant stuff. Thanks.
I'm leaning toward this one:
Financial Acctg
Best book on HF operations/ starting a HF? (Originally Posted: 04/24/2008)
Just curious if there are any good books that discuss the business/logistical aspects of starting a HF? Obviously, I am not looking for one that talks about different investing strategies.
Thanks for the info.
A great book that I read was: The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund (Wiley Finance)
http://www.amazon.com/Fundamentals-Hedge-Fund-Management-Successfully/d…
Read Hedgehogging by Barton Biggs.
Hedge Fund Market Wizards: Schwager's next book. (Originally Posted: 03/26/2012)
http://ca.wiley.com/WileyCDA/WileyTitle/productCd-1118273044,descCd-tab…
Dalio, Platt, Ramsey and Thorp- should be interesting.
Loved the previous books, waiting for this one.
i'm trying to get in touch with thorp. how can i do this
same way i got in touch with buffet. just call his personal cell
I'm pretty pumped about this. Colm O'Shea and Jamie Mai should be great.
Yep, Market Wizards is undoubtedly my favorite book and new market wizards is up there as well in the top 10. Stock market wizards was good, but I have a strong feeling that this will be a lot better given the reputation of the fund managers interviewed coupled with the fact that the book is 544 pages. Definitely gonna pre-order a copy.
I may need to re-visit the other two in time for this...
Let me know if you want the PDFs.
Pre-ordered it. The foreward has been written by Ed Seykota and I do hope he formally dispels all the rumors of his 'failure' after nearly two decades of more than 60% annualized returns. People seem to have misjudged him after his trading tribe endeavors and whipsaw song video.
Anyone read this yet? Wondering if I should prioritize it or not.
Read the first chapter yesterday (Colm O'Shea from COMAC) and its fantastic!
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