Hedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning (Bloomberg)

One of Amazon.com's Best Books of 2007 Top 10 Editor's Picks: Finance and Investing The hedge fund industry's top managers have a penchant for high returns and low profiles. The combination makes them a regular focus of the media, eager to know what makes them tick. Now, thanks to Katherine Burton, who's been covering these noteworthy traders for Bloomberg News for more than a decade, we know considerably more about them. With candor and detail, the industry's most successful hedge fund managers describe the events that shaped their personal journeys, the strategies they use to produce returns even in uncooperative markets, and the attributes that make a smart investor. Hedge Hunters offers a rare look at the industry's top performers and an introduction to some of the most talented new managers, handpicked by the masters themselves. What are the qualities of a successful hedge fund manager? To answer that question, Katherine Burton profiled industry leaders who have outperformed their peers over time. Her book provides readers with a sweeping introduction to the hedge fund industry's top performers. You will discover how these investors got to the top, what strategies they employ, how they learn from their mistakes and what characteristics they find necessary to succeed in this very competitive environment. Burton profiles an impressive group: Mark Yusko, Michael Steinhardt, John Armitage, Marc Lasry, Craig Effron, Lee Ainslie, Bernay Box, Boone Pickens, Brian Bradshaw, David Meaney, Michael Ross, Alex Szewczyk, Josh Friedman, Mitch Julis, Jeffrey Schachter, Burton Weinstein, Dwight Anderson, Roberto Mignone, Bruce Ritter, Julian Robertson, Jim Chanos, Richard Perry and Daniel Loeb. While Burton provides a rare glimpse inside the world of these hedge fund managers, her very readable interviews are too brief for those searching for inside knowledge about hedge funds. Those seeking in-depth discussions of investment techniques and trading strategies may wish that she had dug a little more deeply. Nevertheless, getAbstract likes this quick, easy-to-read set of profiles from the world of hedge funds, and recommends it to anyone who wants a peek behind the curtain into this elite domain Title page......Page 5 Copyright......Page 6 Contents......Page 8 Preface......Page 11 Acknowledgments......Page 16 1. Mark Yusko: What It Takes to Be the Best......Page 17 2. Michael Steinhardt: A Passion for Performance......Page 29 3. John Armitage: Reasoned and Unrattled......Page 41 4. Marc Lasry: An Intolerance for Losing......Page 51 5. Craig Effron: A Grip on Risk......Page 63 6. Lee Ainslie: A Stock Picker, Pure and Hardly Simple......Page 75 7. Bernay Box: The Big Time in Small Caps......Page 89 8. Boone Pickens: The Imperturbable Oilman......Page 101 9. Brian Bradshaw, David Meaney, Michael Ross, and Alex Szewczyk: A Place at the Table......Page 111 10. Josh Friedman and Mitch Julis: Doyens of Debt......Page 117 11. Jeffrey Schacter and Burton Weinstein: Leaving Little to Chance......Page 129 12. Dwight Anderson: The Phoenix Phenomenon......Page 141 13. Roberto Mignone: Fruits of Firsthand Knowledge......Page 151 14. Bruce Ritter: Mastering a Changing Market......Page 163 15. Jullian Robertson: Encores......Page 171 16. Jim Chanos: Out on the Short-Selling Limb......Page 179 17. Richard Perry: A Manager's Manager......Page 193 18. Daniel Loeb: Newfound Restraint......Page 205 Index......Page 217 About the Author......Page 223 What it takes to be the best / Mark Yusko A passion for performance / Michael Steinhardt Reasoned and unrattled / John Armitage An intolerance for losing / Marc Lasry A grip on risk / Craig Effron A stock picker, pure and hardly simple / Lee Ainslie The big time in small caps / Bernay Box The imperturbable oilman / Boone Pickens A place at the table / Brian Bradshaw, David Meaney, Michael Ross, and Alex Szewczyk Doyens of debt / Josh Friedman and Mitch Julis Leaving little to chance / Jeffrey Schachter and Burton Weinstein The Phoenix phenomenon / Dwight Anderson Fruits of firsthand knowledge / Roberto Mignone Mastering a changing market / Bruce Ritter Encores / Julian Robertson Out on the short-selling limb / Jim Chanos A manager's manager / Richard Perry Newfound restraint / Daniel Loeb. "Hedge Hunters offers a rare look at the hedge fund industry's top performers and introduces the most talented up-and-coming or undiscovered managers, handpicked by the masters themselves. With candor and detail, the most successful hedge fund managers reveal their personal journeys, their strategies for producing outstanding returns, characteristics that make a great investor, and attributes most important to the job"--Provided by publisher.