FAQ: Recommended Reading - Hedge Funds

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Welcome to the Wall Street Oasis Recommended Reading list for Hedge Funds.


Easy Reads Technical Reads Career Jump-Start
More Money Than God Security Analysis Hedge Fund Guide
Inside House of Money The Intelligent Investor Behavioral Interview Guide
Hedgehogging All About Hedge Funds A Look Behind the Wall
Internship Guide





Easy Reads

More Money Than God: Hedge Funds and the Making of a New Elite

by Sebastian Mallaby


This easy-to-read history of some of the top fund managers is a great way to start learning about hedge funds. From Soros and Druckenmiller to Robertson and Tudor Jones, start learning how to be the best from the best.

Peter Lenn (<span class='keyword_link'><a href=//www.wallstreetoasis.com/company/amazon>Amazon</a></span&gt; Review):

If you have read "Too big to fail", "House of Cards", "Big Short", "Lords of Finance", "Fool's Gold", etc. you will like this book better. More wisdom based on incredible research and interviews. I was initially resistant to Mallaby's recommendations about financial reform, but he sold me based on reasoning well supported by evidence. The clearest, most readable and reasoned discussions of the efficient-market theory and Soros' reflexivity. If you don't know those terms, read this book anyway. He will at the end and you'll be glad whether you interest is investing or just voting. This is scholarship dressed up as popular non-fiction. On a par with Tom Wolfe and Malcolm Gladwell for bringing non-fiction to a wide audience.

Joseph Born (<span class='keyword_link'><a href=//www.wallstreetoasis.com/company/amazon>Amazon</a></span&gt; Review):

I thought this was a great overview of the hedge fund industry. In truth the older stuff, like A.W. Jones, is vastly less interesting to me that the more current history, I could have used a bit less of that, but it does provide valuable context I suppose.

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Inside the House of Money, Revised and Updated: Top Hedge Fund Traders on Profiting in the Global Markets

by Steven Drobny and Niall Ferguson


Drobny updates his popular book, which lifted the veil on hedge fund managers' trading strategies. Everything is fairly simply laid out, making it a good starting spot for potential investors and those just curious as well.

Forbes Magazine:

Couldn't come at a more appropriate time... sheds more light than ever on the minds behind the largest global macro funds... reveals the intricacies of thinking like a hedge fund manager.

David Johnson:

Read this before I started working in the capital markets and have continued to re-read it each and every year. The set-up is very similar to Market Wizards by Jack D. Schwager, but provides a new insight from global traders' point of views, all who come from various disciplines.

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Hedgehogging

by Barton Biggs


This book is a guide for hedge funds, that is for how not to fail as a hedge fund manager. Biggs covers many different things to do and not to do, from the personal side to the professional side.

Michael Kelly (<span class='keyword_link'><a href=//www.wallstreetoasis.com/company/amazon>Amazon</a></span&gt; Review):

I previously worked in the hedge-fund industry and now teach college students about finance. Therefore, I found Barton Biggs' anecdotes both instructive and amusing, having seen some of the poor lifestyle choices that some hedge fund managers ("hedgehogs", according to Byron) make. However, the book's strength is not an "inside look" into the world of hedgehogs, but a series of instructive vignettes about how to be an "investor".

Richard Stoyeck (<span class='keyword_link'><a href=//www.wallstreetoasis.com/company/amazon>Amazon</a></span&gt; Review):

Here's the bottom line. If you could find ten books like this, you would be better off owning the knowledge in them, instead of getting yourself an MBA in finance from any of the top business schools in this country. A book like this is that important, that influential, and that informative. You would have to own the knowledge in this book, not just read it casually. You would need a pen to underline, to take notes, to write in the margins, to make this knowledge yours, and then with some experience, you would become AN INVESTOR. Good luck, and I say that respectfully.

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Technical Reads:

All About Hedge Funds: The Easy Way to Get Started

by Robert Jaeger


This is a fantastic book for getting acquainted with hedge funds. While some might say this is geared more towards investors and less technical in nature, it is a great start to learning how hedge fund managers go about making investments and different types of investment strategies.

Stacy Burrell (<span class='keyword_link'><a href=//www.wallstreetoasis.com/company/amazon>Amazon</a></span&gt; Review):

This book delivered what I was looking for and more. I needed an introduction to hedge funds and the industry and the book does an excellent job of providing this information in complete and concise detail. In addition, the book also gives a good overview of portfolio theory and how it relates to actual practice. There is also a section that describes the prevalent hedge fund strategies with historical performances. I highly recommend this book to those interested in starting their own fund or wishing to work in the industry.

J.P. Hamilton (<span class='keyword_link'><a href=//www.wallstreetoasis.com/company/amazon>Amazon</a></span&gt; Review):

This book was what I was looking for. It's a nice introduction to hedge funds and the industry. The book does an excellent job of providing the information in complete and concise detail. I bought my copy used so I'm even more happy with it.

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Security Analysis (Sixth Edition)

by Benjamin Graham and David Dodd


If you haven't heard of this book, you are either brand new to hedge funds/investing or are going to need more help than a review from us can give you.

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The Intelligent Investor: The Definitive Book on Value Investing (Revised Edition)

by Benjamin Graham and Jason Zweig


We would refer you to the description under Security Analysis, but that just wouldn't be original. To sum this book up in short, we bring you the wise words of Warren Buffett: "By far the best book on investing ever written."

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Career Jump-Start

Hedge Fund Career Guide

by Wall Street Oasis


Want a competitive advantage in the hedge fund job market?

The Hedge Fund Careers Guide gives you an inside look at the hedge fund industry to give you that advantage. This guide will walk you through all aspects of the industry and better prepare you for your job search process.

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Behavioral Interview Guide

by Wall Street Oasis


This 56 page guide, produced by WSO and written for WSO's users, is a compilation of over 100+ of the most common behavioral / fit questions encountered in Wall Street interviews with detailed advice and examples.
<span class='keyword_link'><a href=//www.wallstreetoasis.com/company/credit-suisse>Credit Suisse</a></span> M&amp;A Analyst:

All I can say is I wish I had the Wall Street Oasis Behavioral Guide before I went into my banking interviews. I was well prepared for some of the fit questions that came my way, but others challenged me. With the extensive number of questions in this guide and the sample answers, I would have felt prepared to handle almost anything.

MIT Sloan MBA Student ('09):

I didn't read Wall Street Oasis Technical and Behavioral Interview guides until after my first year in my MBA program, and frankly they contained everything I had spent the last year learning to get a job on the Street. I highly recommend them to anyone preparing for an interview, finance or other. It's a heck of a lot cheaper than an MBA (not to mention faster and more to the point).

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A Look Behind the Wall - An Overview of Six Wall Street Career Paths

by Wall Street Oasis


WallStreetOasis.com has collaborated with its most knowledgeable users to provide one of the most detailed, entertaining and insightful publications to hit Wall Street in years.

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Internship Guide

by Wall Street Oasis


This is a complete guide to getting through your summer internship in finance or consulting. Whether you’re wondering what to wear, how to do your work, or how to manage your money, this 30-page guide has it all. Following this guide will make getting through the summer as painless as possible, so that you can have the exciting, rewarding experience you deserve.

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Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (204) $159
  • Intern/Summer Analyst (144) $101

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