So You Want to Start a Hedge Fund: Lessons for Managers and Allocators

Only 305 hedge funds can claim to manage more than $1 billion, but the old guard is aging, and now one-third of the industry's assets are managed by firms with leaders older than 60. Great opportunities await hungry managers and allocators who know how to take it, and So You Want to Start a Hedge Fund offers a brilliantly revealing collection of lessons learned from the field aimed at giving fledgling funds a powerful competitive advantage to gain market share. The practical steps to starting a hedge fund are commoditized knowledge but the subtleties of doing it right are exclusively contained inside. Culled from the everyday experiences of working with hundreds of hedge-fund startups over the past dozen years, this forward-thinking guide gives aspiring and small hedge-fund managers, as well as allocators to early-stage funds, an insider's look at how other principals have attracted capital, designed an investment strategy, delivered performance, built teams, and allocated assets both profitably and shamefully. These intimate stories are masterfully organized to construct a reliable framework for launching a hedge fund with the greatest chance of success. Skilled and talented professionals who are driven to turn their ambitions into realities will keep this one-of-a-kind resource at their fingertips for its: Firsthand insights into the opportunities and risks facing startups Complete examinations of the common missteps that undo new managers Comprehensive case studies illustrating patterns among winners and losers The advantages and special considerations of managing and allocating to small funds There is no fixed formula to create a profitable hedge fund and success is never a foregone conclusion, but with So You Want to Start a Hedge Fund, you can rise above your competitors on the shoulders of those who came before you.

Pagina's: 240, Editie: Eerste editie, Hardcover, Wiley