Winning With Liquid Alternatives: How to Achieve Your Financial Goals by Investing in ’40 Act Alternative Mutual Funds

11

Getting Started

Let’s begin this final chapter with a review of what this book has covered. It began with a brief overview of the early days of the mutual fund industry and showed how a relatively small industry eventually grew to become the largest single investment force in the U.S. capital markets. Next, the early days of the hedge fund industry were documented, with the discussion emphasizing that their focus on ultra-high-net-worth individuals, family offices, endowments, and foundations grew out of the statutory limitations of U.S. security laws. This was followed by a contrasting of the structural, marketing, and operational differences ...