The long and short of hedge funds : a complete guide to hedge fund evaluation and investing / Daniel A. Strachman.

Series statement from jacket.

Includes bibliographical references (pages 219-221) and index.

Introduction -- 1. Hedge Funds Past, Present, and Future -- The Father of the Hedge Fund Industry -- Why Invest in Hedge Funds? -- Understanding the Market -- What Happened at Bear, and Why -- Why This Book? -- 2. Hedge Funds Today -- Hedge Funds In The News -- How Hedge Funds are Regulated -- Recent Calls for Regulation -- Hedge Fund Fees -- Commission Give-Up -- Continuing the Jones Legacy -- 3. The Men Who Made the Industry What it is Today -- A Force to Be Reckoned With -- Hedge Fund Legends -- George Soros -- How Soros Managed Money -- Michael Steinhardt -- How Steinhardt Managed Money -- Julian Robertson -- How Robertson Managed Money -- Standing on the Shoulders of Giants -- 4. Running Your Fund Transparently -- When Good Funds Go Bad -- What You Can Learn from the Credit Crisis -- What Went Wrong -- Perception versus Reality -- Fraud -- Information Exchange -- Giving Your Investors Their Due -- Explaining Your Strategy -- Keeping the Lines of Communication Flowing -- Communication During a Crisis -- Jumping on the Hedge Fund Bandwagon -- The Year of the Hedge Fund -- Where the Industry is Heading -- 5. How Hedge Funds are Packaged -- Funds of Funds -- How a Fund of Funds Works -- Fund of Fund Economics -- The Costs of Running a Fund of Funds -- Fund of Funds Growth -- Fund of Fund Buyouts -- Managers of Managers -- MOM Knows Best -- The Pros and Cons of Transparency -- Diversifying Your Portfolio -- Avoiding Common Problems -- 6. How to Raise Money -- Friends and Family, Referrals, and Perfect Strangers -- Dialing for Dollars -- Making Connections -- Capital Introduction Services -- How Capital Services Work -- Third-Party Marketing -- Choosing a Third-Party Marketer -- When to Hire a Third-Party Marketer -- The Road to Wealth -- Conducting Reconnaissance -- A Cautionary Tale -- If You Build It, They Won't Come -- Finding the Right Investors -- Taking Your Strategy to the Streets -- Vetting Your Investors -- Preparing the Pitch Book -- A Few Final Thoughts on the Essence of Successful Marketing -- 7. The Supporting Staff -- The Cardinal Rule of Choosing a Service Provider -- The Lawyers -- Choosing an Experienced Attorney -- What to Ask Your Attorney -- The Accountants -- Prime Brokers -- Third-Party Administration -- Calculating Net Asset Values -- Size Matters -- Finding a Third Party Administrator -- Using a Third-Party Administrator for Onshore Funds -- Using a Third-Party Administrator for Offshore Funds -- Insurance Companies -- Headhunters -- Other Services -- Taking Advantage of Technology -- Part ing. Thoughts on Service Providers -- 8. Fraud, Collapse, and the Kitchen Sink -- Why Fraud Exists -- Is Fraud Really Rampant in the Hedge Fund Industry? -- Why the Popular Press Has it Wrong -- Why Hedge Funds Implode -- In a Word: “Ego” -- Why Fraud Happens in the Hedge Fund Industry -- The KL Financial Debacle -- Manhattan Investment Fund -- Lake Shore Fund Complex -- Hedge Fund Mismanagement -- The Amaranth Story -- DB Zwirn & Company -- Bear Stearns -- What Went Wrong -- How to Protect Yourself -- Regulatory Moves to Stop Fraud and Mismanagement -- Investor Due Diligence -- Manager Due Diligence -- Making a Good First Impression -- 9. A Few Parting Thoughts -- Appendix A. Due Diligence Questionnaire -- Appendix B. Resource Guide -- Appendix C. Historic Performance of Hedge Funds.

"The Long and Short of Hedge Funds presents readers with a unique look at these investment vehicles, the people who run them, and those who provide services to them. This book is a detailed guide of the industry and offers rare access to hedge fund managers and industry participants. The book provides the reader with a real education about hedge funds, gaining a firm understanding of the industry."--Publisher's website.

Machine converted from AACR2 source record.