The Hedge Fund Mirage by Lack, Simon -- Read -- Imperial Library of Trantor

Index

Cover Title page Copyright page Dedication Introduction Acknowledgments Chapter 1 The Truth about Hedge Fund Returns

How to Look at Returns Digging into the Numbers The Investor’s View of Returns How the Hedge Fund Industry Grew The Only Thing That Counts Is Total Profits Hedge Funds Are Not Mutual Funds Summary

Chapter 2 The Golden Age of Hedge Funds

Hedge Funds as Clients Building a Hedge Fund Portfolio The Interview Is the Investment Research Long Term Capital Management Too Many Bank Mergers Summary

Chapter 3 The Seeding Business

How a Venture Capitalist Looks at Hedge Funds From Concept to the Real Deal Searching for That Rare Gem Everybody Has a Story Some Things Shouldn’t Be Hedged The Hedge Fund as a Business Summary

Chapter 4 Where Are the Customers’ Yachts?

How Much Profit Is There Really? Investors Jump In Fees on Top of More Fees Drilling Down by Strategy How to Become Richer Than Your Clients Summary

Chapter 5 2008—The Year Hedge Funds Broke Their Promise to Investors

Financial Crisis, 1987 Version How 2008 Redefined Risk The Hedge Fund as Hotel California Timing and Tragedy In 2008, Down Was a Long Way Summary

Chapter 6 The Unseen Costs of Admission

How Some Investors Pay for Others My Mid-Market or Yours? The Benefits of Keen Eyesight Show Me My Money Summary

Chapter 7 The Hidden Costs of Being Partners

Limited Partners, Limited Rights Friends with no Benefits Watching the Legal Costs Summary

Chapter 8 Hedge Fund Fraud

More Crooks Than You Think Madoff Know Your Audience Accounting Arbitrage 101 Checking the Background Check Politically Connected and Crooked? Paying Your Bills with Their Money Why It’s Hard to Invest in Russia After Hours Due Diligence Summary

Chapter 9 Why Less Can Be More with Hedge Funds

There Are Still Winners Avoid the Crowds Why Size Matters Where Will They Invest All This Money? Summary

Afterword Bibliography About the Author Index