Product Description

they're known as the great investors, the market wizards, the financial giants: julian robertson, michael steinhardt, t. boone pickens, hugh sloane, to name a few. they are the men that created the trillion-dollar hedge fund industry by taking the right bets, not only when it came to money but also when it came to people. knowing what makes a great trader, they pick their managers as carefully as they pick their investments.

notorious for their secrecy, these managers have now opened their doors to the public for the first time. they talk about the biggest challenges they face; and how they enter, exit and size a trade. they reveal the people that share their gift for money management, those who define the industry today and those who will continue to shape the future of the hedge fund world.

as an investor or a market watcher, you will be intrigued as well as informed, by this unprecedented look at the hedge hunters who continue to define the hedge fund world.

Product Details

• Amazon Sales Rank: #152549 in Books
• Published on: 2007-11-03
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 206 pages

David Einhorn, Manager, Greenlight Capital Hedge Fund
"Great descriptions of the backgrounds, philosophies, and practices of the best managers, told in a rapid, entertaining narrative."

Review

"a readable, relevant book, with lessons a new generation of hedge-fund managers...would do well to take to heart … the book celebrates, in individual profiles, the experience and know-how of hedge fund “masters”. burton brings to light a delightfully disparate, even eccentric, cohort in a field that manages an estimated $1.7 trillion. ‘in sum, burton has written a readable, relevant book, with lessons a new generation of hedge-fund managers, in a decidedly less hospitable investment climate, would do well to take to heart."

barron’s

“this is a well-written and accessible book, and readers with scant knowledge of hedge funds will be able to enjoy the interviews…an entertaining, informative and easy-to-read book. i would recommend it to hedge fund investors and non-investors alike.”

fund strategy

"eloquently written and obviously well researched. burton has managed to bring out the lively personalities of these wall street titans…all in all, an entertaining and informative read which really is actually hard to put down."

pensions age

"this collection of interviews is much more useful then those books which only espouse a single viewpoint."

securities & investment review

"in an astute move that separates the book from others in its class, burton also probe the most established players in the industry on who they believe are the rising stars of the hedge fund management- then speaks to them too juxtaposing the experience of the veterans with the fresh energy of their protégés. it is a lively read that cuts through the industry jargon to paint a straightforward and occasionally compelling picture of those at its heart."

the business

"her lengthy interviews with these managers are a window onto how wealth operates. the conversations recorded in this book are strewn with gems. burton’s book surprises with is comedy and colour."

international herald tribune

“great descriptions of the backgrounds, philosophies, and practices of the best managers, told in a rapid, entertaining narrative.”

david einhorn, manager, greenlight capital hedge fund

“this is a page-turner, with insights from some of the legends of the hedge fund industry. and it’s written in a wonderfully engaging style by a veteran journalist with unprecedented access to these titans of wall street.”

andrew w. lo, harris & harris group professor, director, mit laboratory for financial engineering, mit sloan school of management

Fund Strategy, 10 December 2007
"This is a well-written...entertaining, informative and easy-to-read book. I would recommend it to hedge fund investors and non-investors alike."

Customer Reviews

Reader-friendly interviews with hedge-fund legends
What are the qualities of a successful hedge fund manager? To answer that question, Katherine Burton profiled industry leaders who have outperformed their peers over time. Her book provides readers with a sweeping introduction to the hedge fund industry's top performers. You will discover how these investors got to the top, what strategies they employ, how they learn from their mistakes and what characteristics they find necessary to succeed in this very competitive environment. Burton profiles an impressive group: Mark Yusko, Michael Steinhardt, John Armitage, Marc Lasry, Craig Effron, Lee Ainslie, Bernay Box, Boone Pickens, Brian Bradshaw, David Meaney, Michael Ross, Alex Szewczyk, Josh Friedman, Mitch Julis, Jeffrey Schachter, Burton Weinstein, Dwight Anderson, Roberto Mignone, Bruce Ritter, Julian Roberston, Jim Chanos, Richard Perry and Daniel Loeb. While Burton provides a rare glimpse inside the world of these hedge fund managers, her very readable interviews are too brief for those searching for inside knowledge about hedge funds. Those seeking in-depth discussions of investment techniques and trading strategies may wish that she had dug a little more deeply. Nevertheless, getAbstract likes this quick, easy-to-read set of profiles from the world of hedge funds, and recommends it to anyone who wants a peek behind the curtain into this elite domain.

Collection of best hedge fund managers
The growth in hedge funds over the last 20 years has been tremendous. The author says that in 2007 there were 2,400 single-manager hedge fund firms worldwide. But as more hedge funds formed, the overall returns decreased. This book features the industry's leaders and legends who have successfully operated for a decade or more and produced returns greater than their peers.

These managers differ on things such as philosophies, personalities, and age, but what they all have in common is their ability to make money. The author says:

"Whatever their training, education, or risk tolerance, they share many qualities: they're skeptical, intellectually curious, and independent thinkers. Passionate about their profession and their goals, they take the long view."

Some of their names are Mark Yusko, Michael Steinhardt, Craig Effron, Boone Pickens, and many others. It is always fascinating to read how others make it. I recommend it to readers who would like to learn from the best.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market