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