[Library ebook] The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True






#603093 in eBooks 2011-11-30 2011-11-30File Name: B006ISIAFA

0 of 0 people found the following review helpful. They are charged with investing money in such a way that in the future it will give the participants better returns that they coBy Ian MannAuthor Simon Lack managed a unit inside J.P. Morgan that provided seed funding for hedge funds from 2001 to 2006. This entailed getting under the hood of the industry to find promising but undiscovered hedge funds in which they could invest.Consider the plight of a pension fund manager. They are charged with"Simon Lack, a hedge fund veteran exposes some unforeseen and uncomfortable truths about the industry in his new book." (Hedge Fund Net, January 2012) "...a cautionary tale from one who knows just about all the tricks...an easy, largely fun and certainly instructive read" (Financial World, FebruarThe dismal truth about hedge funds and how investors can get a greater share of the profits Shocking 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 meage...


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