Last edited by Shaktikree
Sunday, May 10, 2020 | History

3 edition of The hedge fund mirage found in the catalog.

The hedge fund mirage

Simon Lack

The hedge fund mirage

the illusion of big money and why it"s too good to be true

by Simon Lack

  • 326 Want to read
  • 18 Currently reading

Published by Wiley in Hoboken, N.J .
Written in English

    Subjects:
  • Hedge funds,
  • BUSINESS & ECONOMICS / Investments & Securities,
  • Investments

  • Edition Notes

    Includes bibliographical references and index.

    StatementSimon Lack
    Classifications
    LC ClassificationsHG4530 .L23 2012
    The Physical Object
    Paginationp. cm.
    ID Numbers
    Open LibraryOL25018805M
    ISBN 109781118164310
    LC Control Number2011035473

    Get this from a library! The hedge fund mirage: the illusion of big money and why it's too good to be true. [Simon Lack] -- "The dismal truth about hedge funds and how investors can get a greater share of the profitsShocking but true: if all the money that's ever been invested in hedge funds .   With the bond market roiling, the hedge fund billionaire Kenneth C. Griffin is starting up a new fund at Citadel — Citadel Relative Value Fixed Income Fund — to take advantage of the.

      Simon Lack has spent 30 years in New York working with hedge funds and private equity and has now written a tell-all book on the 'mirage' of hedge fund success.   The author of this book is a former JPM banker who ran an “in-house” fund-of-fund hedge fund pool of money. The big idea of the book is the fact that if you calculate a “money weighted” performance for hedge funds, the sum of all returns hedge fund investors have earned since the ties is less than if they would have invested in treasury bills.

    The best Hedge Funds book summaries. Get instant access to o summaries of the best business, leadership, and nonfiction books. The Hedge Fund Mirage The Illusion of Big Money and Why It’s Too Good to Be True Simon Lack. Wiley, 7. Book. Chapter 4 Update to The Hedge Fund Mirage Hedge Funds Remain a Great Business. In January , I published The Hedge Fund Mirage; The Illusion of Big Money and Why It's Too Good to Be gh hedge funds have long been associated with fabulous wealth, a little-appreciated fact was that substantially all the profits generated by hedge funds had been eaten up in fees paid to the hedge.


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The hedge fund mirage by Simon Lack Download PDF EPUB FB2

Its great when an insider writes a tell-all book that most of his colleagues would lack the incentive to write. The Hedge Fund Mirage is just such a book. The author's use of data will not overwhelm the layman yet is strong enough to support his point.

Highly recommend/5(35). This book explains in a lot of pages and with a lot of good information that the hedge funds are a business profitable only for the manager of the hedge fund; but not for the investors. The latter would be lucky if the can keep their money without losing a dime/5(9).

The “mirage” referred to in the book’s title is the false tendency to count on hedge funds to deliver for the investors and to deliver for the investors in fair proportion to what it delivered for the hedge fund /5.

Drawing on an insider's view of industry growth during the s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds.

Notes: Hardcover; Dust Jacket Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.

George Melloan reviews "The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to be True" by Simon LackAuthor: George Melloan. Sitting on JPMorgan's investment committee, Lack helped allocate more than $1 billion to promising hedge fund managers, the book says.

His conclusion about the. Written by a canny industry insider, The Hedge Fund Mirage takes a fresh look at an industry that is too often viewed in reverent and adoring terms. Not least, Lack draws attention to the fact that the average hedge fund manager–in terms of their sky-high fees–has done far better than the average investor.

Five years ago this month John Wiley published my first book. The Hedge Fund Mirage; The Illusion of Big Money and Why It’s Too Good to Be True explained how hedge funds have in aggregate been a great business and a lousy investment.

The opening sentence asserted that treasury bills would have been a better choice for the average hedge fund investor. (Jonathan Ford, Financial Times, 19th February), 'Simon Lack has become one of the hedge fund industry's most vocal critics thanks to his book, The Hedge Fund Mirage, which has enjoyed popularity beyond the rarefied hedge fund enclaves of Mayfair and Connecticut'.5/5(1).

However, hedge fund investors experienced far less impressive returns. In fact, since the inception of hedge funds, Treasury bills have outperformed them.

Hedge fund accounting can mislead in myriad ways. For example, say an investor puts money in a hedge fund 7/10(). Book Review: The Hedge Fund Mirage. Posted on 14 one well enough run to be immune to the criticisms of this book. The first thing you have to understand is that corporate form is not a factor in performance.

It does not matter whether you manage a mutual fund, unit investment trust, hedge fund — what matters are your ideas, not the legal. This is an edited extract from The Hedge Fund Mirage – The Illusion of Big Money and Why It’s Too Good to be True, the recent book from Simon Lack published by John Wiley & Sons, Inc.

If you want to, you can buy it here: The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True.

Disclosure: The publisher asked if I wanted the book. Drawing on an insider's view of industry growth during the s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to /5(7).

In The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True (Wiley, ) Simon Lack draws on a long career in the hedge fund industry.

The result is a Author: Brenda Jubin. Drawing on an insider's view of industry growth during the s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which.

In The Hedge Fund Mirage, hedge fund expert Simon Lack gives a controversial insider’s guide to these investments. J ohn Gent concludes that the author’s desire to recuse himself from all the industry’s rent-seeking behaviour, as well as from all errors made by its investors, detracts from the power of the book.

Drawing on an insider's view of industry growth during the s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to Brand: Wiley.

Drawing on an insider's view of industry growth during the s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which Brand: Wiley.

‘The Hedge Fund Mirage’, by an American investment industry insider, Simon Lack. As the title indicates, the book is about hedge funds. However, the ideas in the book are of huge interest and utility to anyone who is interested in any kind of investment service, be it mutual funds, portfolio or wealth management services or even stock-broking.

“The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True” (Wiley, pages, $, pounds, 28 euros). To buy this book in. Take hedge funds for example. Recently I published a book "The Hedge Fund Mirage" which reveals how poorly investors have done with these somewhat mysterious but lucrative vehicles.

It .