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Hedge Funds: Myths and Limits

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Title: Hedge Funds: Myths and Limits
by François-Serge Lhabitant, Francois-Serge L'Habitant
ISBN: 0-470-84477-9
Publisher: John Wiley & Sons
Pub. Date: 13 May, 2002
Format: Hardcover
Volumes: 1
List Price(USD): $95.00
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Average Customer Rating: 4.8 (5 reviews)

Customer Reviews

Rating: 4
Summary: Good comprehensive guide to how hedge funds work
Comment: More quantitative than most other books on hedge funds, this volume provides a comprehensive look at the hottest investment vehicles at the moment. Starting with the history, the book discusses the structure, operations, strategies, and performance measures of hedge funds. Unlike books written by the president of HFR, which are purely marketing turd, this book has substance and can be kept as a solid reference. Minor problems include a few critical typos, some irrevelent charts, and choppy English in a few places -- and a high price. But these do not distract from the value this book, and I recommend it to all interested in the topic.

Rating: 5
Summary: Broad introduction
Comment: This is a good introduction into the subject. Well researched. If you only buy two books on the topic, this should be one of them.

Rating: 5
Summary: In-Depth and Comprehensive
Comment: Lhabitant's "Hedge Funds: Myths and Limits" covers its subject from legal and tax aspects to quantitative and statistical finance. More than this, in line with the subtitle, the book debunks the myths and outlines the limits for the hedge fund industry. The critique delivered is however balanced, and the book manages to maintain a constructive as well as instructive tone. Different material is separated in a way that make the book a good read for both people outside the finance industry and quantitative analysts. Look for more on this at [webpage]

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