The Resource The hedge fund mirage : the illusion of big money and why it's too good to be true, Simon Lack, (electronic resource)

The hedge fund mirage : the illusion of big money and why it's too good to be true, Simon Lack, (electronic resource)

Label
The hedge fund mirage : the illusion of big money and why it's too good to be true
Title
The hedge fund mirage
Title remainder
the illusion of big money and why it's too good to be true
Statement of responsibility
Simon Lack
Creator
Contributor
Provider
Subject
Language
eng
Summary
"The dismal truth about hedge funds and how investors can get a greater share of the profitsShocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good.Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance. The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top"--
Assigning source
Provided by publisher
Cataloging source
EBLCP
http://library.link/vocab/creatorDate
1962-
http://library.link/vocab/creatorName
Lack, Simon
Index
index present
LC call number
HG4530
LC item number
.L23 2012eb
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
ebrary
http://library.link/vocab/subjectName
  • Hedge funds
  • Investments
  • BUSINESS & ECONOMICS
  • Business
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • Hedge funds
  • Investments
Label
The hedge fund mirage : the illusion of big money and why it's too good to be true, Simon Lack, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Why less can be more with hedge funds
  • The truth about hedge fund returns
  • The golden age of hedge funds
  • The seeding business
  • Where are the customers' yachts?
  • 2008 : the year the hedge funds broke their promise to investors
  • The unseen costs of admission
  • The hidden costs of being partners
  • Hedge fund fraud
Dimensions
unknown
Extent
1 online resource (xv, 187 pages)
Form of item
electronic
Isbn
9781118206195
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
9786613401823
Other physical details
illustrations
Publisher number
EB00066525
Specific material designation
remote
Stock number
340182
System control number
  • (OCoLC)768082652
  • (OCoLC)ocn768082652
Label
The hedge fund mirage : the illusion of big money and why it's too good to be true, Simon Lack, (electronic resource)
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Why less can be more with hedge funds
  • The truth about hedge fund returns
  • The golden age of hedge funds
  • The seeding business
  • Where are the customers' yachts?
  • 2008 : the year the hedge funds broke their promise to investors
  • The unseen costs of admission
  • The hidden costs of being partners
  • Hedge fund fraud
Dimensions
unknown
Extent
1 online resource (xv, 187 pages)
Form of item
electronic
Isbn
9781118206195
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
9786613401823
Other physical details
illustrations
Publisher number
EB00066525
Specific material designation
remote
Stock number
340182
System control number
  • (OCoLC)768082652
  • (OCoLC)ocn768082652

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