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.
Jadual kandungan
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
Mengenai Pengarang
Maneet Ahuja (New York, NY) is a producer on ‘Squawk Box, ‘ specializing in hedge funds and alternative investments. She was awarded CNBC’s prestigious Enterprise Award in 2009 for her groundbreaking coverage of the ultra-secretive hedge fund industry for the network. Prior to joining CNBC in 2008, she was a part of the Wall Street Journal’s Money & Investing team. She began her career on Wall Street in 2002 at age 17 in Citigroup’s Corporate & Investment Banking division as a credit risk analyst.?In 2010, she was nominated for Crain’s NY Business Forty Under 40 Rising Stars.