How to Create and Manage a Hedge Fund: A Professional's Guide

While admittedly there is a lot of fluff in this book - ie explaining strategy and instruments, there is a lot of valuable advise on creating the structure of the company and constructing a business plan.If your looking for someone to tell you how to trade in the financial markets you probably shouldn't be starting a fund.

A lot of great commentary about the preparation and hard work to build a business, not just trade/manage money. The other reviews listed here correctly point out that this is not another instructional book with investment techniques. This is the ideal book for someone confident enough with their investing strategy be it equities, bonds, limited partnerships, real estate, futures, commodities etc. to grasp business structures, investor/customer expectation, realistic marketing timelines, accounting, and the business aspect of managing a fund. Expect to seek out additional resources to add on McRary's outstanding work. If you are even toying with the idea of starting a mangement company, fund, fund of funds etc. do not proceed without this book.

I did not read the book word for word as I was familiar with most of what it contained. However, had I had this book when I first started in the industry it would have saved me a lot of time and effort digging for information.

If you want to start a Hedge Fund this is the book to begin with. It outlines all the different aspects of the industry that you have to think about before making your decision and set up the whole thing. Good luck!

A good, straightforward guide to hedge fund creation and management. Great for traditional fund managers or investors who are curious to know more about hedge funds. An interesting and informative read.