简介
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, thehedge fund industry insider, The Alpha Mastersbrings 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, Bill Ackman, and David Einhorn, 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 Masterschanges 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, David Shaw, Marc Lasry, Jim Chanos, Sonia Gardner, Pierre Lagrange, and Tim Wong.Features contributions from industry icons Mohamed El-Erian and Myron Scholes.
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.
目录
Foreword: The Less Mysterious World of Hedge Funds by Mohamed A. El-Erian, CEO and Co-CIO of PIMCO ix Preface xv Disclaimer xxiii Chapter 1: The Global Macro Maven: Ray Dalio, Bridgewater Associates 1 Chapter 2: Man versus Machine: Pierre Lagrange and Tim Wong, Man Group/AHL 25 Chapter 3: The Risk Arbitrageur: John Paulson, Paulson & Co. 39 Chapter 4: Distressed Debt's Value Seekers: Marc Lasry and Sonia Gardner, Avenue Capital Group 75 Chapter 5: The Fearless First Mover: David Tepper, Appaloosa Management 93 Chapter 6: The Activist Answer: William A. Ackman, Pershing Square Capital Management 115 Chapter 7: The Poison Pen: Daniel Loeb, Third Point 155 Chapter 8: The Cynical Sleuth: James Chanos, Kynikos Associates LP 173 Chapter 9: The Derivatives Pioneer: Boaz Weinstein, Saba Capital Management 193 Afterword: Myron S. Scholes, 1997 Nobel Laureate in Economics and Co-Author of the Black-Scholes Option Pricing Model 203 Appendix 211 References 225 Acknowledgments 237 About the Author 240 Index 241
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