Do-it-yourself Hedge Funds - Wayne P. Weddington III

The US hedge fund industry exceeds a trillion dollars in assets and is still growing. Hedge funds are all over the news, their managers become multi-millionaires and finding new and ostentatious ways to spend their fortunes. Until now, the average investor has been kept out of this world, believing that one needs a MBA and millions of dollars to invest. In this book Wayne Weddington, a senior portfolio manager of one of the world's top hedge funds, demonstrates how one can learn to play this high-stakes game. He breaks down the complicated rules of hedge funds using easy-to-understand, real-life examples. Weddington explains the basics of hedge funds in layman's terms, defines the words investors need to know and lays out the neccesary steps for investing in hedge funds. And even more importantly, he shows the ways in which hedge funds can go wrong, and how to avoid 'grift' - those cases in which hedge fund managers use their clients' money to fund their own lifestyles. Using anecdotal examples and simple, straightforward language, D-I-Y Hedge Funds will open a new pathway to make millions.