Book description
The Little Book of Hedge Funds that's big on explanations even
the casual investor can use
An accessible overview of hedge funds, from their historical origin,
to their perceived effect on the global economy, to why individual
investors should understand how they work, The Little Book of Hedge
Funds is essential reading for anyone seeking the tools and
information needed to invest in this lucrative yet mysterious world.
Authored by wealth management expert Anthony Scaramucci, and providing
a comprehensive overview of this shadowy corner of high finance, the
book is written in a straightforward and entertaining style. Packed
with introspective commentary, highly applicable advice, and engaging
anecdotes, this Little Book:
- Explains why the future of hedge funds lies in their ability to
provide greater transparency and access in order to attract
investors currently put off because they do not understand how
they work
- Shows that hedge funds have grown in both size and importance in
the investment community and why individual investors need to be
aware of their activities
- Demystifies hedge fund myths, by analyzing the infamous 2 and 20
performance fee and addressing claims that there is an increased
risk in investing in hedge funds
- Explores a variety of financial instruments-including leverage,
short selling and hedging-that hedge funds use to reduce risk,
enhance returns, and minimize correlation with equity and bond markets
Written to provide novice investors, experienced financiers, and
financial institutions with the tools and information needed to invest
in hedge funds, this book is a must read for anyone with outstanding
questions about this key part of the twenty-first century economy.
Anthony Scaramucci is the Founder and Managing Partner of
SkyBridge Capital, a global alternative investment and advisory firm.
The firm has . 8 billion in assets under management or advisement as
of January 31, 2012. He was the cofounder of Oscar Capital Management,
which was sold to Neuberger Berman, LLC in 2001 after building a
managed account business and four hedge funds having in aggregate more
than 0 million of assets. Upon Neuberger Berman's sale to Lehman
Brothers in 2003, he served as a Managing Director in their Investment
Management Division. From 1989 to 1996, Mr. Scaramucci worked at
Goldman Sachs & Co., where he was appointed a Vice President in
Private Wealth Management in 1993.
Mr. Scaramucci is a recipient of the Ernst & Young Entrepreneur
Of The Year 2011 New York Award in the Financial Services category and
a board member of Warrior Gateway, The Lymphoma Foundation, and The
Brain Tumor Foundation. He is also on the Board of Overseers for the
School of Arts and Sciences at Tufts University and a member of the
NYC Financial Services Advisory Committee and BENS (Business
Executives for National Security). Mr. Scaramucci is the author of
Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your
Soul and a regular CNBC contributor.
