Top Hedge Fund Investors
Stories, Strategies, and Advice
By: Cathleen M. Rittereiser, Lawrence E. Kochard
Hardcover | 29 September 2017 | Edition Number 1
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240 Pages
23.62 x 16.0 x 2.29
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"An excellent overview and history lesson on the evolution of the global hedge fund industry with sound advice from successful investors. The foresight and persistence of these prominent hedge fund investors provides a practical education from invaluable experience. They brilliantly articulate their successes and shortfalls with great insights for any hedge fund investor."---Glen C. Dailey, Managing Director, Head of Prime Broketage, Jefferies & Company, Inc.
"This volume will be required reading for any fiduciary or investor serious about understanding hedge funds and their strategies. In distilling the investment philosophies of major thought leaders, the authors have constructed what will quickly be recognized as a durable intellectual anchor for investors."---Orin Kramer, Chair, New Jersey State Investment Council, and Partner, Boston Provident, LP
"Rittereiser and Kochard have distilled the essence of what drives some of the alternative investment industry's most influential leaders. They have coaxed these luminaries into revealing not only their investing strategies and outlooks, but also the personality traits and life experiences that make them tick. The result is a must-read for anyone looking for an edge in, or considering a career in, the alternative investment sector."---Christopher Holt, Director, Industry Relations, Chartered Alternative Investment Analyst (CAIA) Association, and founding editor, AllAboutAlpha.com
"A fascinating look into the world of professional allocators. I recommend any hedge fund manager read this book to get inside the head of the folks who control where the money goes. Plus, anyone that is considering putting their money with a hedge fund will learn valuable lessons from these leaders. Not only is this book insightful-it is also thoroughly entertaining."---Emma Sugarman, Head of Capital Introduction, BNP Paribas
Throughout the recent financial crisis, many hedge funds suffered massive losses and were often blamed for the extreme market upheavals. Performance soon rebounded and approached record-breaking heights. In the wake of these events, hedge funds remain a source of fascination for the media, legislators, and investors.
Historically portrayed as risky investments run by swashbuckling managers---and reserved only for the very wealthy---hedge funds are simply an investment vehicle designed to generate superior returns and reduce an investor's overall portfolio risk. Although many individual funds have under-performed or collapsed, hedge funds as a whole have proved resilient and achieved their objectives.
Investing in hedge funds requires sophisticated knowledge, understanding, skill, access, and experience. Individual and institutional investors, whether they are hedge fund novices or experts, can find these attributes in the stories of the successful hedge fund investors profiled in Top Hedge Fund Investors.
This accessible resource chronicles the challenges and rewards these investors face in selecting hedge fund managers, managing risk, and constructing portfolios. Through revealing conversations, leading hedge fund investors---with hundreds of billions of dollars in hedge funds---share their philosophies, strategies, and advice. Page by page, this timely guide:
Engaging and informative, Top Hedge Fund Investors will prove valuable to anyone involved in placing money with hedge funds, as well as hedge funds that seek to better understand their clients.
Industry Reviews
?Mark W. Yusko, CEO & Chief Investment Officer, Morgan Creek Capital Management
"Top Hedge Fund Investors offers a refreshing perspective and unique insight into the shrouded world of hedge funds. We get a glimpse beyond the numbers and gain an insider's view of this complex industry. As one who has been with this business for nearly thirty years, I can attest that this book rings true."
?Lawrence P. Chiarello, Partner, SkyView Investment Advisors LLC
"Great subject, terrific insights from top allocators to hedge funds. Eldon, Meyer and Hodge show how to avoid making unforced errors when investing. They and the other Investors make this the best book I have seen on selecting money managers."
?Douglas Sperry Makepeace, President, Sperry Fund Management LLC, New York City
"An insightful tour of the Hedge Fund World, with some of the most experienced guides that demystify a lot of the wrong ideas people have of this industry and its players."
?Michel Amsellem, Member of the Advisory board Banque Heritage
"Given the importance that 'hedge funds' have gained in financial markets it behooves all investors, not just professionals, to understand the underlying principles used by prominent hedge fund investors. Top Hedge Fund Investors provides an interesting description of the investment philosophy of some of the leading practitioners of this relatively unknown segment of the financial markets, and how they have organized their firms."
?Charles Falcon, Retired Corporate Finance Executive
Preface xi
Acknowledgments xv
About the Authors xvii
Part One Evolution of the Hedge Fund Industry and Investing 1
Chapter 1 The Truth about Hedge Funds: From Misunderstood Investment Vehicle to Household Word 3
Chapter 2 The Investment Process: Best Practices of Successful Hedge Fund Investors 15
Chapter 3 The Hedge Fund Investment Landscape: A Snapshot in Time 25
Part Two Top Hedge Fund Investors: Stories and Strategies 31
Chapter 4 Author of the Hedge Fund Investing Story: Richard Elden, Founder and Former Chairman, Grosvenor Capital Management 33
Chapter 5 The Predictive Value of Performance: Frank Meyer, Founder and Former Chairman, Glenwood Capital Investments 47
Chapter 6 The Best Qualities of Limestone: James R. Hodge, President and Chief Investment Officer, Permal Asset Management Inc. 69
Chapter 7 An Asymmetrical Talent: Mark J.P. Anson, Managing Partner and Chair of the Investment Committee, Oak Hill Investment Management 83
Chapter 8 Early Endowment CIO and Entrepreneur: Louis W. Moelchert, Jr., Managing Partner, Private Advisors, LLC 103
Chapter 9 An Ambassador of the Highest Standard: Christopher Fawcett, Co-Founder, Senior Partner, Fauchier Partners 117
Chapter 10 A Risk Management Mastermind: Deepak Gurnani, Head of Hedge Funds, Investcorp 137
Chapter 11 A Driver of Returns: Kathryn A. Hall, Chairman, Chief Executive Officer, and Chief Investment Officer, Hall Capital Partners 155
Chapter 12 A Better Way: Ted Seides, Co-Founder, Protege Partners 173
Chapter 13 The Quality of the People: A Review and Preview 199
Notes 211
Index 215
ISBN: 9780470501290
ISBN-10: 0470501294
Series: Wiley Finance
Published: 29th September 2017
Format: Hardcover
Language: English
Number of Pages: 240
Audience: General Adult
Publisher: John Wiley & Sons Inc (US)
Country of Publication: US
Edition Number: 1
Dimensions (cm): 23.62 x 16.0 x 2.29
Weight (kg): 0.42
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