Details

<p>Preface xi</p> <p>My Story xii</p> <p>Disclosure of Financial Interests xiii</p> <p>Acknowledgments xv</p> <p>Introduction 1</p> <p><b>Chapter 1 Hedge Fund Fundamentals 5</b></p> <p>Hedge Fund Mechanics and Statistics 6</p> <p>History of Hedge Funds 8</p> <p>Media Portrayal of Hedge Funds 9</p> <p>Hedge Fund Ecosystem 10</p> <p>Future of the Hedge Fund Industry 13</p> <p>Chapter Summary 13</p> <p>Review Questions 14</p> <p><b>Chapter 2 Institutionalization and Operations 17</b></p> <p>Stephen Abrahams, Vice President of Marketing for a London-Based Hedge Fund 18</p> <p>Bob Pardo, CEO and President, Pardo Capital Limited 19</p> <p>Vinod Paul, Managing Director of Service and Business Development, Eze Castle Integration 21</p> <p>Nakul Nayyar, Quantitative Trading/Support, Quad Capital 24</p> <p>Hendrik Klein, CEO, Da Vinci Invest Ltd. 26</p> <p>Sheri Kanesaka, Associate, Michelman & Robinson, LLP 29</p> <p>Eric Warshal, CEO, Fund Associates 30</p> <p>Lance Baraker and William Katts, Senior Managing Directors, TradeStation Prime 32</p> <p>Chapter Summary 36</p> <p>Review Questions 36</p> <p><b>Chapter 3 Hedge Fund Marketing Pro 39</b></p> <p>Bad News 40</p> <p>Public Relations Management 41</p> <p>Educational Marketing 42</p> <p>Forget about Contacting More Investors 43</p> <p>E-Mail Marketing Best Practices 45</p> <p>Copy Writing 49</p> <p>Case Profile 50</p> <p>Stephen Abrahams, Vice President of Marketing for a London-Based Hedge Fund 54</p> <p>Pratik Sharma, Managing Director, Atyant Capital 55</p> <p>Hendrik Klein, CEO, Da Vinci Invest Ltd. 59</p> <p>Chapter Summary 60</p> <p>Review Questions 61</p> <p><b>Chapter 4 The Shooting Star 63</b></p> <p>18 Lessons from Shooting Star Hedge Funds 63</p> <p>Rick Nummi, Partner and General Counsel, Accounting and Compliance International (ACI) 65</p> <p>Thomas Powell, Chief Executive Officer, ELP Capital 72</p> <p>Chapter Summary 74</p> <p>Review Questions 74</p> <p><b>Chapter 5 Hedge Fund Start-Up Guru 77</b></p> <p>Top Five Tips for Starting a Hedge Fund 78</p> <p>Hedge Fund Pitch Book Creation 80</p> <p>Syed Ali, CEO, Saturn Partners, LLC 81</p> <p>Nakul Nayyar, Quantitative Trading/Support, Quad Capital 86</p> <p>Chapter Summary 89</p> <p>Review Questions 90</p> <p><b>Chapter 6 Dedicated to Due Diligence 93</b></p> <p>Scott Freund, President, GCC Family Wealth Management 94</p> <p>Brian Reich, President and Founder, Atrato Advisors LLC 95</p> <p>Richard Wilson, Hedge Fund Group, CHP</p> <p>Designation, HedgeFundBlogger.com 98</p> <p>Due Diligence Effects on Hedge Funds 102</p> <p>Chapter Summary 105</p> <p>Review Questions 106</p> <p><b>Chapter 7 Giant Hedge Funds 109</b></p> <p>Best Practices from $1 Billion-Plus Hedge Funds 109</p> <p>Richard Zahm, Portfolio Manager, Second Angel Fund 111</p> <p>Scott Cohen, President and CEO, Hedge Solutions 117</p> <p>Chapter Summary 119</p> <p>Review Questions 120</p> <p><b>Chapter 8 Governance Best Practices 123</b></p> <p>Andrew Main, Managing Partner, Stratton Street Capital LLP 124</p> <p>David R. Koenig, CEO of the Governance Fund, LLC 130</p> <p>Chapter Summary 134</p> <p>Review Questions 134</p> <p><b>Chapter 9 Frequently Asked Hedge Fund Questions 137</b></p> <p>Hedge Funds 101 137</p> <p>Hedge Fund Operations 139</p> <p>Hedge Fund Marketing and Sales 142</p> <p>Hedge Fund Careers 156</p> <p>Appendix A Bonuses of $1,779 169</p> <p>Appendix B Example Due Diligence Questions 171</p> <p>Questionnaire 171</p> <p>Appendix C Top Hedge Fund Web Sites 177</p> <p>Glossary 179</p> <p>About the Author 185</p> <p>Index 187</p>

<p><b>RICHARD C. WILSON</b> is a hedge fund consultant and head of the Hedge Fund Group, the largest hedge fund networking group in the industry. He is also the creator of the successful Web site HedgeFundBlogger.com. Wilson writes a daily article on the hedge fund industry for the site, as well as straightforward educational pieces on hedge fund strategies, terms and definitions, trends, interviews, videos, and book reviews. He also founded and holds two 100% online training sessions for the Certified Hedge Fund Professional (CHP) Designation Program, a professional certification program catering to professionals in the hedge fund industry.

<p>Hedge funds are now in the news more than a thousand times a day, and yet it's hard to find clear, factual information about how they actually operate, raise capital, and invest. <p>That's why author Richard C. Wilson—head of the largest hedge fund networking group in the industry—has created <i>The Hedge Fund Book.</i> Filled with extensive interviews of various hedge fund managers, real-world case studies, review questions, and much more, this one-of-a-kind resource provides a solid foundation in specialized hedge fund knowledge for both financial professionals and those aspiring to enter this field. <p>Page by page, <i>The Hedge Fund Book</i> offers expert analysis of funds within different phases of their life cycles and investment processes, and examines each cycle in ways that would be informative for marketers as well as investors, bankers, and financial professionals who would like to learn more about day-to-day hedge fund operations. Along the way, this accessible guide will show you: <ul> <li>How hedge fund managers can immediately increase their operational effectiveness</li> <li>Over 100 ways you can improve your hedge fund business or marketing processes with direct advice and interviews with industry veterans and hedge fund managers</li> <li>Why most hedge fund managers struggle to raise capital and how being proactive within the right areas can allow a small team to raise a large amount of capital</li> <li>How to implement governance best practices that will improve investor confidence, enhance decision-making processes, and decrease the risk of some types of fraud</li> <li>How hedge funds are improving their business structure and processes without spending millions on infrastructure</li> <li>How to start a hedge fund without over-spending or killing your chances of raising capital in the future</li> <li>How to emulate the best practices of larger hedge funds, which have learned many lessons the hard way</li> </ul> <p>Along with the information found here, there is also a series of over fifty video resources that act as a supplement to this training manual. Throughout the book, there are references to these resources, and the complete list of videos available may be seen at HedgeFundTraining.com/Videos. <p>Whether you're looking to gain a better understanding of hedge funds from a professional perspective or studying for the Certified Hedge Fund Professional (CHP) Designation Program, this book has the information you need to succeed in such a fast-moving field.

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