The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund (Wiley Finance)

In The Fundamentals of Hedge Fund Management, both budding and established hedge fund managers will learn the fundamentals of building and maintaining a successful hedge fund business. Strachman presents the facts in an accessible and easy-to-use format that will empower readers to create a lasting fund that provides significant income for years to come. The Fundamentals of Hedge Fund Management provides information on everything from picking a lawyer to creating a fund's documents to determining what markets attract investors. Readers will glean valuable information from real-life experiences (both negative and positive) that have shaped and continue to guide many of today's leading and most respected funds.

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All Customer Reviews
Average Customer Review:
2 of 2 people found the following review helpful:

Good book on management and operation of funds, 2009-10-05
Some people have criticized this book on the basis that (1) it doesn't provide any strategies for managing money; and (2) it de-emphasizes alpha generation for operational aspects.

First, this is a book about MANAGEMENT and the OPERATION of hedge funds. It is not intended to be a book about hedge fund strategies. If you want a book about hedge fund strategies buy one of the many books available on THAT subject. Moreover, if you need a book on what strategies to pursue perhaps you should come up with ideas of your own. If someone has a strategy that works they are not going to give that proprietary knowledge away in a book.

This book is one of the few that offer information and instruction on how to start a fund from the operational point of view. Strachman is quite correct in stressing over and over again that if you build it they will not necessarily come. You can have the best strategy in the world but without assets to manage or a proper marketing strategy you will get no where. Some people have taken this to mean that Strachman is advocating that alpha generation is easy. I don't think that's what he's getting at. Rather I think he's stressing the often overlooked challenges of starting a fund, not investing assets.

See the TOC for the areas covered in the book. It is not a long book and at times I wish there was even more in depth discussion, but Strachman covers the basics well. This is a good place to start for anyone wanting to get started.


1 of 1 people found the following review helpful:

Great Reference, 2009-09-02
Great introduction into the business aspect of setting up, launching, and running a hedge fund.


1 of 1 people found the following review helpful:

The Fundamentals of Hedge Fund Management, 2009-08-15
This was one book that I thought was very well done and something I would recommend to anyone interested in Hedge Funds. The book gives a step by step guide in regards to launching a Hedge Fund, but also touches on the tax implications/laws behind the startup process as well. Furthermore, aside from the "Bricks and Mortar" portion of starting a Hedge Fund, Strachman also goes into the mental side of successfully running a Hedge Fund- a portion which I found to be very intriguing. I really like how Strachman stresses that having a plan or strategy to run your business is so important. All in all, I found this book to be outstanding and also an excellent reference. I anticipate I will continue to refer to the book when a question or issue arises.


1 of 1 people found the following review helpful:

Not the best by a long shot but it is a start., 2009-07-22
Doesn't really give you any specifics about starting a fund. Lots of topics are hit at the surface. A good place to start to create a list of issues and to get an introduction but also felt it was an advertisement for his other services. Samples documents were the biggest help and that was worth the price. Without that, it would have been a 2* or less.


0 of 0 people found the following review helpful:

Great Informantio, 2009-07-04
Well written, organized detailed info about what is really involved in managing an hedge fund.

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