The Alpha Masters
Unlocking the Genius of the World′s Top Hedge Funds
Paperback Engels 2014 9781118971178Samenvatting
The ultimate behind–the–curtain look at the hedge fund industry, unlocking the most valuable stories, secrets, and lessons directly from those who have played the game best.
Written by Maneet Ahuja, the hedge fund industry insider, The Alpha Masters brings the secretive world of hedge funds into the light of day for the first time. As the authority that the biggest names in the business, including John Paulson, David Tepper, and Bill Ackman, go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in Alpha Masters, Ahuja provides both institutional and savvy private investors with tangible, analytical insight into the psychology of the trade, the strategies and investment criteria serious money managers use to determine and evaluate their positions, and special guidance on how the reader can replicate this success themselves.
There are few people with access to the inner chambers of the hedge fund industry, and as a result it remains practically uncharted financial territory. Alpha Masters changes all that, shedding light on star fund managers and how exactly they consistently outperform the market.
The book:
Contains easy–to–follow chapters that are broken down by strategy Long/Short, Event Arbitrage, Value, Macro, Distressed, Quantitative, Commodities, Activist, pure Short, Fund of Funds
Includes insights from the biggest names in the trading game, including Ray Dalio, Marc Lasry, Jim Chanos, Sonia Gardner, Pierre Lagrange, and Tim Wong
Features contributions from industry icon Mohamed El–Erian
Many of the subjects profiled in this groundbreaking new book have never spoken so candidly about their field, providing extremely provocative, newsworthy analysis of today′s investing landscape.
Specificaties
Lezersrecensies
Inhoudsopgave
<p>Preface xv</p>
<p>Disclaimer xxiii</p>
<p>Chapter 1: The Global Macro Maven: Ray Dalio, Bridgewater Associates 1</p>
<p>Chapter 2: Man versus Machine: Pierre Lagrange and Tim Wong, Man Group/AHL 25</p>
<p>Chapter 3: The Risk Arbitrageur: John Paulson, Paulson & Co. 39</p>
<p>Chapter 4: Distressed Debt s Value Seekers: Marc Lasry and Sonia Gardner, Avenue Capital Group 75</p>
<p>Chapter 5: The Fearless First Mover: David Tepper, Appaloosa Management 93</p>
<p>Chapter 6: The Activist Answer: William A. Ackman, Pershing Square Capital Management 115</p>
<p>Chapter 7: The Poison Pen: Daniel Loeb, Third Point 155</p>
<p>Chapter 8: The Cynical Sleuth: James Chanos, Kynikos Associates LP 173</p>
<p>Chapter 9: The Derivatives Pioneer: Boaz Weinstein, Saba Capital Management 193</p>
<p>Afterword: Myron S. Scholes, 1997 Nobel Laureate in Economics and Co–Author of the Black–Scholes Option Pricing Model 203</p>
<p>Appendix 211</p>
<p>References 225</p>
<p>Acknowledgments 237</p>
<p>About the Author 240</p>
<p>Index 241</p>
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