Contents
Chapter One: What is a Hedge Fund?
Regulation . . . or Lack Thereof
Manager Fee: The Infamous Two-and-Twenty
Investment Strategies: The Long and the Short of it
Liquidity: Swimming in Pools of Money
Chapter Two: The Parlor Cars of the Gravy Train
And Now for the Not-Quite-as-Successful
Chapter Three: Accessing the Inaccessible
Chapter Four: Heads We Win; Tails you Lose
Another Theory, Another Definition
Driving with One Foot on the Brake
Sometimes Diversification Just Ain’t Enough
Chapter Six: Ironing Out Inefficiencies
The Efficiency of Inefficiency
Chapter Seven: A Balancing Act
Long/Short Equity—Borrowing from Peter to Pay Paul
Relative Value—Two of a Kind . . . but Different