Getting Started in Hedge Funds

Good book. It is for people newer to the industry but since that is most people, great job Strachman.

I've actually started a small hedge fund, and I found this book to be a very good intro for people interested in the hedge fund world, I recommend it.

It's a great book to learn the basics of the hedge fund business. An easy, quick, enjoyable read, it will do as the title implies. I'd recommend if your knowledge of the business is not great and would like to get a rudimentary understanding.

This book is a highly readable and interesting introduction to hedge funds. The author has taken on a monumental task -- trying to make understanding hedge funds accessible. Maybe it shouldn't be so hard to do that -- but to my knowledge this is the first book that really puts hedge funds into context. While it is a relatively quick and enjoyable read, the book covers a lot of important ground -- the history of hedge funds, how hedge funds work and a series of in-depth profiles of hedge fund managers at work. These profiles illustrate how truly diverse these investment vehicles are. The profile of Alfred Winslow Jones, credited as the founder of hedge funds, is particularly interesting. The recap of the events at Long-Term Capital and other big funds that posted big losses, are concisely presented. Strachman makes it clear that anyone considering investing in hedge funds must do a lot of homework. This book will help investors formulate the right questions to ask. At the same time, it is accessible enough for any investor who wants to know more about hedge funds.

Strachman does an excellent job explaining the world of hedge funds from many perspectives--the strategies, the managers, and the investors-- and puts it all together to form a cohesive picture. The book is written in language an intelligent investor can understand, even without previous experience with these sometimes exotic investment vehicles. This book is an excellent resource both for beginning an investigation into the possibility of adding hedge funds to your portfolio, or for simply acquainting oneself with this fascinating niche of the investment world.