The prudent investor's guide to hedge funds

"Two thumbs up! If you're thinking about putting money into a hedge fund, this is a must-read book."

-E. LEE HENNESSEE, CHAIRMAN AND FOUNDER Hennessee Group LLC

"Not only is this book highly informative, it's entertaining. jim Owen's rich and colorful insights into the world of hedge funds should not be missed. A must-have book for the library of any serious investor."

-WILLIAM L. ASMUNDSON, PRESIDENT AND CEO Rockefeller & Co., Inc.

"As a professional hedge fund investor, 1 find this book truly insightful. 1 highly recommend it."

-SHAKIL RIAZI, MANAGING DIRECTOR AND CIO
Capital Markets Investment Program, Chase Manhattan Bank

"Alfred would have loved this book!"
-ROBERT L. BURCH 111,, SON-IN-LAW OF A.W. JONES (creator of the first hedge fund in 1949)

"An excellent primer on hedge fund investing."
-ROBERT 1. SCHULMAN, PRESIDENT AND COO Tremont Advisers, Inc.

Contents

• Acknowledgments
  
• Preface
  
• Part 1 Why Conservative Investors Should Know about
  
• Hedge Funds
  
• Chapter 1 What's Wrong with Traditional Money Management?
  
• Chapter 2 How Did Investment Management Go Astray?
  
• Chapter 3 The Growing Appeal of Alternative Investments
  
• Part Il What Hedge Funds Have to Offer
  
• Chapter 4 What Exactly Is a Hedge Fund, Anyway?
  
• Chapter 5 A Look at Hedge Fund Performance
  
• Chapter 6 Narrowing the Field: "The Big Four" Strategies
  
• Chapter 7 Is There a Hedge Fund Strategy for All Seasons'
  
• Part III Making Hedge Fund Investments
  
• Chapter 8 Investing in Hedge Funds-How Much?
  
• Chapter 9 Tapping into the Wealth of Resources
  
• Chapter 10 Selecting a Hedge Fund That's Right for You
  
• Chapter 11 Getting Comfortable with the Terms of the Deal
  
• Chapter 12 Staying on Top of Your Investment
  
• Closing Thoughts
  
• Index