SKU: 18600738238

The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True

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The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be TrueThe dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return

The dismal truth about hedge funds and how investors can get a greater share of the profits

Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good.

Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, 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. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance.

  • The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck
  • Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s

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.



Binding Type: Hardcover
Publisher: Wiley
Published: 01/03/2012
ISBN: 9781118164310
Pages: 208
Weight: 0.83lbs
Size: 9.26h x 6.34w x 0.57d
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SKU: 18600738238

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Michael F. Nelson
Natrona Heights, US
★★★★★ 4
A still timely writing for all pastors
Format: Paperback
Although first published 25 years ago, Peterson addresses a matter that is still timely, the need for all pastors to commit themselves to prayer, reading scripture and spiritual direction. These, Peterson asserts, are an essential foundation for all other aspects of ministry. Peterson's premise, that many pastors have abdicated their primary calling to these three practices, is still very relavent to the current state of pastoral ministry. Its content will be useful for new and veteran pastors alike.
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Reviewed in the United States on January 14, 2013
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C S Berry
San Leandro, US
★★★★★ 5
Transformative if you are willing.
Format: Kindle
The triangle of pastoral ministry - Scripture - Prayer - Spiritual Direction is reckoned as sever lack in our pastoral lives. Peterson is a needed sage in the realm of modern evangelicalism.
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Reviewed in the United States on March 13, 2024
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G. Sanders
Carnegie, US
★★★★★ 5
A Personally Challengiing Read
Don’t expect Rosaria Butterfield to coddle sin. She acknowledges the Biblical truth that we are at war with it. It is evil. Lies are rampant with it. The Bible’s solution is to kill it, nailing it to the cross of Christ. If we don’t, it will do great and lasting harm. That is the background premise of this book. This book is for believers in Jesus Christ, especially those who identify as Evangelicals. Others may benefit by reading its pages, but I suspect that most of them will not be able to persevere through it because today’s culture is just not willing to sit through this much proclamation of Bible truth. They will react, not respond. Believers will be convicted, encouraged, and edified. Butterfield’s style is plain, but today’s culture requires her to address and to use terminology that may be challenging to many readers. It was for me. Add a level of abstraction for some challenging spiritual truths. Add the fact that she is an intellectual dealing with cultural and theological subjects. It is mostly college level reading, except for the story parts. Butterfield has credentials. A professor of English at Syracuse University, she was ten years in the Lesbian community with a mate. She was found by Christ, began to grow in Him, was discipled by faithful church women, met a wonderful man, was married to him--a Presbyterian pastor—became a mother, and began to minister to college students from a Christian perspective. She tells some of her story and the stories of others in the pages of the book. It is fascinating reading. The book is organized around the five lies that Butterfield has chosen to expose, with two to four chapters dealing with each. She acknowledges that there are others that could be exposed as well. The last one, about our culture's attitude toward modesty, was the most surprising to me. The book also has a Foreword by Kevin DeYoung, a Preface, and an Introduction. Don’t skip them. The Foreword is nothing short of a good sermon that should be shared in every church in America. In the Preface Butterfield spills the beans, revealing exactly where she stands on key topics and to whom she is addressing this volume. The Introduction is engaging and lengthy and pretty much summarizes the rest of the book. Along the way Butterfield deals with homosexuality, changing gender, male leadership in the home and in church, the bedrock importance of repentance, progressive sanctification, intersectionality, “gay Christianity” (Side A and Side B), feelings and truth, empathy and sympathy, submission of the wife, feminism, inerrancy, envy and biblical contentment, suffering, modesty and exhibitionism, and even worship. She quotes scripture, sometimes at length, and she gives copious Bible references. She also has footnotes, some of which are as interesting as the text. She names and uses or responds to contemporary authors on the topics at hand. She gives solid directions for those dealing with contemporary issues. She also has suggestions for dealing with family members beset by these matters including a question-and-answer section. Page 301. I recommend this book for all Christian leaders and for believers who want to understand contemporary challenges for the church from our modern culture.
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Reviewed in the United States on May 27, 2024
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Lorie
Phoenix, US
★★★★★ 5
Great information
Great read helps to communicate with others
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Reviewed in the United States on May 28, 2026
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Jeri Kratche
Bozeman, US
★★★★★ 5
Relevant and serious issues for today’s Christian
This is a no joke book. She takes Christianity seriously and gives her own life story and growth to encourage the reader. Very convicting read.
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Reviewed in the United States on May 2, 2026

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