Hedge funds are part of more and more people’s personal financial portfolios. Nevertheless, the name of a hedge fund is simply an investment partnership that uses a fancy name. Limited partners invest their money in a pool of money that is controlled by a fund manager.
Despite their dated appearance, books still serve as an effective way of learning new concepts. You may consider these 10 Best hedge fund manager books to read in 2021 that will assist you in learning hedge funds in a comprehensive manner if you are interested in hedge funds and plan to build your career.
1. All About Hedge Funds: The Easy Way to Get Started
This book is an excellent place to start if you are new to hedge funds. It will help you gain a better understanding of the industry by providing a comprehensive overview.
Beginners will find this book particularly useful. If you’re just starting out in hedge funds, this book will serve as a good introduction. You will gain a fundamental understanding of hedge funds by studying the questions provided, and they include many lucid explanations of basic concepts. However, do not consider it to be too basic. Additionally, you’ll be introduced to portfolio theories, which will prove useful to you in your professional life. This is the perfect book for anyone just starting out in hedge funds.
2. Hedge Funds for Dummies
If you want to learn something new, the Dummies series is the best. Additionally, this book provides in-depth explanations of hedge funds.
In spite of the book’s title, this book is not only educational but also contains good information regarding hedge funds. A majority of hedge fund books are written by academics or practitioners. The author of this book balances both sides, offering a better understanding of hedge funds. This book is a good place to start if you’re looking for the primary answers on hedge funds.
3. The Little Book of Hedge Funds: Books About the Hedging Fund Industry
We know that Wiley Finance books are high quality and produced to a high standard. The same is true for this title. This book is so small it fits in your back pocket. It contains many jewels. Despite its small size, the book contains many gems. Those who dislike Wall Street mumbo jumbo will enjoy this book.
A lot of back-stories will be shared in this book about the history of hedge funds and their evolution. Throughout this book, the author has included interviews with industry giants, as well as due diligence questionnaires, which distinguish this book from others. In terms of charts, spreadsheets, or algorithms, it’s not especially useful, but it’s written to assist anyone who wants to understand hedge funds.
4. The Hedge Fund Book by Richard Wilson
This book is targeted at individuals who plan to break into the hedge fund industry. Using case studies, author Richard Wilson takes readers through the various phases of fund development as well as through the life cycle of hedge funds, providing invaluable insight for students and students who are interested in the hedge fund industry.
Wilson offers insights into both the trading and marketing of hedge funds, as well as the day-to-day operations of hedge funds and hedge fund managers. Hedge fund consultant Wilson wrote the book in the style of a textbook, and it has become a must-read for anyone seeking the Certified Hedge Fund Professional (CHP) designation.
5. Hedgehogging by Barton Biggs: Books About the Hedging Fund Industry
In-depth descriptions of the lives and minds of hedge fund managers are among the most popular – and useful – books about the hedge fund industry. The autobiography “Hedge Hogging” is one such book, in which Barton Biggs recounts his founding and managing Traxis Partners, a multi-billion-dollar hedge fund he established following a long career as an investment analyst at Morgan Stanley. As well as sharing his entertaining life story, Biggs also offers insights into investment strategies, classic mistakes made by investors, and how hedge fund traders operate in the high-finance world.
6. Market-Neutral Investing by Joseph Nicholas
A recent book by Joseph Nicholas explores a popular hedge fund trading strategy, long/short, or market neutral trading. When markets are volatile, such as those that have characterized the first two weeks of 2016, market-neutral strategies are favored as an effective risk management tool. In recent years, long/short equity strategies have become increasingly popular, outperforming the market average by a wide margin between 2005 and 2015.
He presents eight different long/short strategies based on a database that includes over a thousand hedge funds. Throughout the book, he includes historical performance data and numerous examples designed to make it as easy as possible for investors to understand each strategy.
7. Hedge Fund Market Wizards: How Winning Traders Win
Schwager interviewed hedge fund managers in order to gain insights and expert opinions into the hedge fund industry for this new book in his Market Wizards series. With a conversational tone, it will capture both new and experienced Wall Street readers.
8. The Economist Guide to Hedge Funds: Books About the Hedging Fund Industry
Because hedge fund managers earn more than anyone could imagine, they are called “masters of the universe.” They make more than any financial manager could possibly dream of earning. There is a bridge between this book and the life of a potential hedge fund manager (if that is what you envision for yourself). In this course, you will learn every detail about the hedge fund in a very clear and concise manner. This book will not let you down.
9. Hedge Funds: Definitive Strategies and Techniques by IMCA
Written for seasoned financial professionals, this book is more mathematical and focused on hedge funds and trading strategies. With contributions from experts from both academia and hedge fund practice, the book examines risk measurement, hedging, and alternative asset classes. It is probably not for you if you tremble at mathematical equations for the first time. The book is a must-have for anyone looking for an in-depth look at hedge fund strategies.
10. More Money Than God
Especially if you have an interest in hedge funds’ history, you should read this book. Here is a review of the book and the best takeaways.
By discussing hedge funds from a different angle, this book explains their managers and how they work. It traces how hedge funds evolved over time, why hedge funds managed better risks than banks, and how banks handled risks. In this book, the author talks about the 1960s, 2007, & 2009, as well as why beating the market isn’t impossible anymore.