000			03070nam a2200337 a 4500
001			ebr10521359
003			CaPaEBR
006			m u
007			cr cn|||||||||
008			110826s2012 nju sb 001 0 eng d
010			_z 2011035473
020			_z9781118164310 (hardback)
020			_z9781118206188 (e-book)
040			_aCaPaEBR _cCaPaEBR
035			_a(OCoLC)768082652
050	1	4	_aHG4530 _b.L23 2012eb
082	0	4	_a332.64/524 _223
100	1		_aLack, Simon, _d1962-
245	1	4	_aThe hedge fund mirage _h[electronic resource] : _bthe illusion of big money and why it's too good to be true / _cSimon Lack.
250			_a1.
260			_aHoboken, N.J. : _bWiley, _cc2012.
300			_axv, 187 p.
504			_aIncludes bibliographical references and index.
520			_a"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"-- _cProvided by publisher.
533			_aElectronic reproduction. _bPalo Alto, Calif. : _cebrary, _d2012. _nAvailable via World Wide Web. _nAccess may be limited to ebrary affiliated libraries.
650		0	_aHedge funds.
650		0	_aInvestments.
655		7	_aElectronic books. _2local
710	2		_aebrary, Inc.
856	4	0	_uhttp://site.ebrary.com/lib/welingkar/Doc?id=10521359 _zAn electronic book accessible through the World Wide Web; click to view
999			_c77305 _d77305