The Hedge Fund Mirage The Illusion of Big Money and Why It's Too Good to Be True
, by Lack, Simon A.Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
- ISBN: 9781118164310 | 1118164318
- Cover: Hardcover
- Copyright: 1/3/2012
Although some of the greatest fortunes in finance have been earned by hedge fund managers, investors as a group have done quite poorly. High fees, complex legal structures, poor timing and return chasing have led to the following stunning result: 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. Hedge fund investors need to do better than in the past in order to justify their hedge fund investments. This book will highlight 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.