This work offers a detailed look at how to fix the hedge fund industry. "The Future of Hedge Fund Investing" spells out in refreshingly stark terms exactly how the industry let down its clients, and the changes needed to restore their confidence. Written by Monty Agarwal, the founder of Predator Capital Management, this insider's guide gives a full assessment of the business, including the advantages of hedge funds, their pitfalls, and, most importantly, how to avoid these missteps. The book begins by describing the hedge fund universe, which includes funds and fund of funds; fund regulators, major investors, and middlemen; and, fee structures, incentives, and typical investment strategies. From here, Agarwal explores possible solutions and fixes as he touches upon several important issues within this field. This work: examines hedge funds' role in the 2008 market crisis and what can be learned from it; discusses the structural changes for fund of funds in areas including trading, diversification, risk management, and due diligence; and, provides guidance for investors to follow when interviewing hedge fund managers. Whether you're a financial professional, a potential investor, or simply an interested reader, "The Future of Hedge Fund Investing" gives you a clear look at the state of hedge funds today as well as a picture of what the future may hold for them.
Ch. 1 Recent Hedge Fund Scandals 1
Ch. 2 The Players 21
Ch. 3 Hedge Funds 31
Ch. 4 Hedge Fund Strategies 45
Ch. 5 Hedge Fund Service Providers and Regulators 57
Ch. 6 Funds of Hedge Funds 75
Ch. 7 An Expert Failure 89
Ch. 8 Remodeling the Funds of Hedge Funds 113
Ch. 9 Correct Risk Due Diligence 135
Ch. 10 Interviewing a Hedge Fund Manager 145
Ch. 11 Hedge Fund Industry's Role in 2008 Market Crisis 159
Ch. 12 The End 171
Bibliography 175