Hedges on Hedge Funds: How to Successfully Analyze and Select an Investment (Wiley Finance)

A just-in-time guide to hedge fund investing Today, access to hedge funds is increasingly available to average investors through "funds of hedge funds" and other registered products. These vehicles allow investors to invest as little as $25,000 to start. Hedges on Hedge Funds provides an overview of hedge fund investing and delves into the key investment strategies employed by hedge fund managers. This comprehensive resource directs people to proper fund selection and allocation, but most importantly, it helps investors avoid the potential pitfalls associated with the industry by discussing transparency, size vs. performance, and other important issues associated with selecting and profiting with hedge funds. James R. Hedges, IV (Naples, FL), is recognized as a pioneer in the hedge fund industry for his efforts to monitor and review funds and fund managers for performance and transparency. He is the founder, President, and Chief Investment Officer of LJH Global Investments-an investment advisory firm that helps clients select and invest in hedge funds.

Hedge funds are among today's fastest-growing investment opportunities. With an estimated 7,500-plus hedge funds worldwide, ever-increasing numbers of investors are profiting from the proven hedge fund advantage. We say estimated because, along with being one of the hottest investments around, hedge funds are also among the most secretive. Forbidden by law from engaging in any form of public solicitation for new clients, hedge funds generally sell through private introductions and existing relationships, and often refuse to reveal their market-beating techniques and strategies even to their own investors.

This has led to their reputation as exclusive, elitist, and beyond the reach of the average investor. But while many hedge funds still require initial investments of one million dollars or more, a new breed of security—funds of hedge funds—can provide investors with a basket of hedge funds for increased diversification and lowered risk, all for as little as $25,000.

Hedges on Hedge Funds removes the veil of secrecy that surrounds the long-hidden world of hedge funds. Written by James Hedges, a recognized pioneer in the hedge fund industry, this accessible and informative book discusses:

• Specifics of hedge fund investing—Including how to find and invest in them, a thorough overview of hedge fund investment strategies, and four vital elements for choosing the right fund manager

• The hedge fund advantage—Attributes that set hedge funds apart from other investment vehicles and can help them provide valuable diversification to any standard investment portfolio

• Types of hedge funds—From global macro to fixed income arbitrage to special situations funds, explanations of the similarities, differences, and risks involved, for help when choosing from among today's many approaches

Successful long-term investing is all about spotting and seizing the right opportunity at the right time. Hedge funds represent one of today's most wide-open opportunities that—despite their reputation as havens only for gamblers and the super-rich—are actually becoming affordable and sensible for most investors. Let Hedges on Hedge Funds introduce you to this increasingly accessible world, and give you the knowledge and information you need to determine whether hedge funds are right for you—and, if so, how to make them a component in your overall investment strategy.

"Hedges on Hedge Funds removes the veil of secrecy that surrounds the long-hidden world of hedge funds. Written by James Hedges, a recognized pioneer in the hedge fund industry, this accessible and informative book discusses: specifics of hedge fund investing; the hedge fund advantage; and types of hedge funds."--Jacket The first step in being a successful investor in hedge funds or other types of investments is getting in the driver's seat and learning everything you can about timely opportunities and how they mesh with your objectives.