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Based on the most helpful WSO content, here are some highly recommended books for an aspiring Hedge Fund (HF) analyst:

  1. "Lessons from Experience" by Paul Marshall

    • Insights from the founder and CIO of Marshall Wace, a leading European hedge fund. The book is concise and focuses on key industry issues.
  2. "Dead Companies Walking" by Scott Fearon

    • A guide to understanding the short side of investing and identifying failing companies.
  3. "Selling America Short" by Richard Sauer

    • Another excellent resource for learning about short selling and recognizing poor-performing companies.
  4. "Financial Shenanigans" by Howard Schilit

    • Delves into forensic accounting and helps in identifying financial misrepresentations.
  5. "Quality Investing" by Lawrence Cunningham

    • Explores the investment philosophy of one of London's top funds.
  6. "Capital Returns: Investing Through the Capital Cycle" by Edward Chancellor

    • A collection of reports from the Marathon team, providing insights into the capital cycle and investment strategies.
  7. "More Money Than God: Hedge Funds and the Making of a New Elite" by Sebastian Mallaby

    • A comprehensive history of hedge funds, key players, and significant deals.
  8. "Flash Boys" by Michael Lewis

    • Explains the rise of high-frequency trading and the inner workings of exchanges.

These books cover a range of topics from investment strategies, short selling, forensic accounting, to the history and evolution of hedge funds, providing a well-rounded foundation for an aspiring HF analyst.

Sources: Best Books To Read For Incoming HF Analyst, Reading List for the Incoming Analyst

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

most of the poeple here focus on L/S equity, more on securities selection than portfolio construction, but if you want to have a sound understanding of investing frameworks and processes (which I deem very important once you are somehow senior in your career), here you have a interesting ig account with books descriptions and recommendations that I strongly suggest: https://www.instagram.com/absreturns101/ 

It's quite broad, from options trading to quant investing, portfolio construction, tail risk hedging. Not super active but def high quality!

 

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