The Alpha Masters: Unlocking the Genius of the World's Top Hedge Funds

Contents

Foreword: The Less Mysterious World of Hedge Funds

Preface

Disclaimer

Chapter 1: The Global Macro Maven

The Makings of a Maven

Coming of Age through a Crisis

Building Bridgewater

Winning Over the World Bank

Belly Up: Learning from the Bad

Calculating Crises

Foreseeing the Financial Crisis

Extracting Alpha

Bringing Home the Alpha

Fund in Focus

Procuring the Principles

Watchful Eye on the World Today

Going After What You Want

Chapter 2: Man versus Machine

Tim Wong: The Engineer

Pierre Lagrange: The Money Maker

Chapter 3: The Risk Arbitrageur

The Making of a Risk Arbitrageur

It’s Not All Numbers

The Stuff of Legends

Knowing What You Don’t Know

“I’m Sort of an Independent Person”

The Greatest Trade Ever

Mispriced Risk: Dow/Rohm & Haas

Jumping into the Deep End: Citigroup

Good as Gold

A Little Help from His Friends

Fighting Back

Chapter 4: Distressed Debt’s Value Seekers

The Auto Bailout

Brother-and-Sister Partnership

Catching the Eye of Robert Bass

Killer Combination

Detecting Diamonds in the Rough

Extracting the Value

Chapter 5: The Fearless First Mover

Gearing Up at Goldman

Pulling in the Profits

“A” for Appaloosa

The Early Days

No “A’s” in High School

Learning and Earning

Fierce and Fearless

Titanic Track Record

International Intrigue

Russian Roulette

Bullish on Bankruptcies

Delphi Dilemma

WaMu Winner

The Force Behind Financials

The ABC’s: AIG, BAC, and C

Sizing Up the Sweet Spot

Chapter 6: The Activist Answer

Bright Beginnings

Getting Gotham Going

The School of Rock