
The Alpha Masters : Unlocking the Genius of the World's Top Hedge Funds.
Title:
The Alpha Masters : Unlocking the Genius of the World's Top Hedge Funds.
Author:
Ahuja, Maneet.
ISBN:
9781118167595
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (282 pages)
Contents:
The Alpha Masters: Unlocking the Genius of the World's Top Hedge Funds -- Contents -- Foreword: The Less Mysterious World of Hedge Funds -- Investment Vehicles -- Investment Managers -- Beyond the Personalities -- Bottom Line -- Preface -- A Hedge-ucation -- The Framework -- The "Hedge Fund" Misnomer -- 2011's Mixed Signals -- Disclaimer -- Chapter 1: The Global Macro Maven: Ray Dalio, Bridgewater Associates -- The Makings of a Maven -- Coming of Age through a Crisis -- Building Bridgewater -- Winning Over the World Bank -- Belly Up: Learning from the Bad -- Calculating Crises -- Foreseeing the Financial Crisis -- Extracting Alpha -- Bringing Home the Alpha -- Fund in Focus -- Procuring the Principles -- Watchful Eye on the World Today -- Going After What You Want -- Chapter 2: Man versus Machine: Pierre Lagrange and Tim Wong, Man Group/AHL -- Tim Wong: The Engineer -- Pierre Lagrange: The Money Maker -- Chapter 3: The Risk Arbitrageur: John Paulson, Paulson & Co. -- The Making of a Risk Arbitrageur -- It's Not All Numbers -- The Stuff of Legends -- Knowing What You Don't Know -- "I'm Sort of an Independent Person" -- The Greatest Trade Ever -- Mispriced Risk: Dow/Rohm & Haas -- Jumping into the Deep End: Citigroup -- Good as Gold -- A Little Help from His Friends -- Fighting Back -- Chapter 4: Distressed Debt's Value Seekers: Marc Lasry and Sonia Gardner, Avenue Capital Group -- The Auto Bailout -- Brother-and-Sister Partnership -- Catching the Eye of Robert Bass -- Killer Combination -- Detecting Diamonds in the Rough -- Extracting the Value -- Chapter 5: The Fearless First Mover: David Tepper, Appaloosa Management -- Gearing Up at Goldman -- Pulling in the Profits -- "A" for Appaloosa -- The Early Days -- No "A's" in High School -- Learning and Earning -- Fierce and Fearless -- Titanic Track Record -- International Intrigue -- Russian Roulette.
Bullish on Bankruptcies -- Delphi Dilemma -- WaMu Winner -- The Force Behind Financials -- The ABC's: AIG, BAC, and C -- Sizing Up the Sweet Spot -- Chapter 6: The Activist Answer: William A. Ackman, Pershing Square Capital Management -- Bright Beginnings -- Getting Gotham Going -- The School of Rock -- Making a Name for Himself -- Return on Invested Brain Damage -- Buying the Farm -- Rising from the Ashes -- Fast Food, Building Record Results -- Making Cents at McDonald's -- Borders and Target: A Couple of Clunkers -- Zeroing in on Target -- MBIA -- A Dud -- The Greatest Trade -- A Penney for His Thoughts -- Canadian Pacific on the Rails -- What Makes an Activist -- Chapter 7: The Poison Pen: Daniel Loeb, Third Point -- The Young Whippersnapper Finds His Way -- Catching the Big Wave in the Storm -- Evolution and Revolution -- The Third Point Tao and Team Approach -- Chapter 8: The Cynical Sleuth: James Chanos, Kynikos Associates LP -- Cause for Cynicism -- The Contrarian Investor -- The Secret Sauce of Short-Selling -- Defending an Investment Strategy -- China's Coming Crisis -- Back to Business School Basics -- Chapter 9: The Derivatives Pioneer: Boaz Weinstein, Saba Capital Management -- The Rise of a Trailblazer -- "Lehman Weekend" at the Fed -- The Technicalities of the Trade -- Afterword: Myron S. Scholes, 1997 Nobel Laureate in Economics and Co-Author of the Black-Scholes Option Pricing Model -- Appendix -- References -- Acknowledgments -- About the Author -- Supplemental Images -- Index -- EULA.
Abstract:
The ultimate behind-the-curtain look at the hedge fund industry, unlocking the most valuable stories, secrets, and lessons directly from those who have played the game best. Written by Maneet Ahuja, the hedge fund industry insider, The Alpha Masters brings the secretive world of hedge funds into the light of day for the first time. As the authority that the biggest names in the business, including John Paulson, David Tepper, and Bill Ackman, go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in Alpha Masters, Ahuja provides both institutional and savvy private investors with tangible, analytical insight into the psychology of the trade, the strategies and investment criteria serious money managers use to determine and evaluate their positions, and special guidance on how the reader can replicate this success themselves. There are few people with access to the inner chambers of the hedge fund industry, and as a result it remains practically uncharted financial territory. Alpha Masters changes all that, shedding light on star fund managers and how exactly they consistently outperform the market. The book: Contains easy-to-follow chapters that are broken down by strategy--Long/Short, Event Arbitrage, Value, Macro, Distressed, Quantitative, Commodities, Activist, pure Short, Fund of Funds. Includes insights from the biggest names in the trading game, including Ray Dalio, Marc Lasry, Jim Chanos, Sonia Gardner, Pierre Lagrange, and Tim Wong. Features contributions from industry icon Mohamed El-Erian Many of the subjects profiled in this groundbreaking new book have never spoken so candidly about their field, providing extremely provocative, newsworthy analysis of today's investing landscape.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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