The Fundamentals of Hedge Fund Management is revised and updated to address how the credit crisis, legislation, fraud, technology, investor demand, global markets, and the economic landscape have affected the industry.
Author’s Introduction:
This book provides you with some of what you need to be successful. It provides you with the tools you need to make good decisions, the tools you need to create good plans, the tools you need to set out a marketing strategy to help you raise assets, and the tools you need to create an infrastructure that will allow you to support your business.
Your goal in reading this book is to learn as much as you can about how to operate the business side of a hedge fund. This book is not about money management strategies. This book is not about buying low and selling high. It is about the infrastructure, the business side, of the hedge fund industry, and I believe that as you read the following pages, you will learn the fundamentals that you need to run a successful business.
This book will not solve all problems or provide you with everything you need to be successful; it will give you the fundamentals. One thing you should also look for as you go out on your own is a mentor. In order to be successful, you need good, solid advice givers, and you need to be willing to take advice and look for it. Don’t be embarrassed or too proud to ask for help. It is okay to have questions—the key is finding answers.
Contents:
- The Hedge Fund Industry
- The Service Providers
- Hedge Fund Structures
- Hedge Fund Accounting
- ERISA, UBTI, and Offshore Funds
- Marketing and Capital Raising
- Why the Back Office Matters
- The Launch
- Perception versus Reality
