The Hedge Fund Mirage (Simon A. Lack)
R 61.75 (Effective price if returned)
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Estimated delivery times: 2-3 working days (Gauteng), 4-5 working days (Rest Of SA).
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Pickup available, usually ready in 2-4 days
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The Hedge Fund Mirage (Simon A. Lack)
About Book:
- Published Date: 03/01/2012
- Publisher: John Wiley & Sons
- ISBN: 9781118164310 Format C (Large Format). Hardcover. Excellent
Summary:
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.
About Readmatter Online Used Bookshop
Born from a dream during the heart of the COVID-19 pandemic, ReadMatter has blossomed into one of South Africa s premier online used bookstores. Operating from three strategic depots in Gauteng, we diligently deliver hundreds of books weekly, illuminating minds and enriching souls and bringing the joy of reading to every corner of the nation. Our shelves boast roughly 10,000 books and 4,000 authors at any moment, with an additional 100,000 unlisted treasures available upon request. Can't find what you're looking for? Allow us the privilege to unearth it for you! At ReadMatter, a portion of every sale is lovingly donated to a variety of good causes supporting the aged, the vulnerable, and animal conservation. Join us in turning pages and transforming lives, one story at a time.
We do not measure every book by hand but instead use the size table below and AI to list the size. Please note that US and UK sizes may differ slightly; where applicable, we provide dimensions for both. If you would like the exact size of a book, please WhatsApp us, and we will be happy to measure it for you.
| Format | Colloquially Called | Typical Dimensions (cm) | Description |
|---|---|---|---|
| Format A | Small | 10.8 x 17.5 cm | Mass-market paperback, pocket-sized format. |
| Format B | Medium | UK: 12.9 x 19.8 cm US: 13.2 x 20.3 cm |
Medium paperback size, used in both UK and US editions. |
| Format C | Large | UK: 13.8 x 21.6 cm US: 14.0 x 21.6 cm |
Demi-size, often used for trade paperbacks in UK and US. |
| Extra Large | Extra Large | Greater than 14.0 x 21.6 cm | Larger books, including oversized trade paperbacks or hardcovers. |
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Format A
Colloquially Called: Small
Typical Dimensions: 10.8 x 17.5 cm
Description: Mass-market paperback, pocket-sized format.
-
Format B
Colloquially Called: Medium
Typical Dimensions: UK: 12.9 x 19.8 cm
US: 13.2 x 20.3 cmDescription: Medium paperback size, used in both UK and US editions.
-
Format C
Colloquially Called: Large
Typical Dimensions: UK: 13.8 x 21.6 cm
US: 14.0 x 21.6 cmDescription: Demi-size, often used for trade paperbacks in UK and US.
-
Extra Large
Colloquially Called: Extra Large
Typical Dimensions: Greater than 14.0 x 21.6 cm
Description: Larger books, including oversized trade paperbacks or hardcovers.
This is a high-level condition guideline. If you would like more information about a specific book's condition, please WhatsApp us. Please note that book clubs are one of our main avenues for sourcing books, and as such, names and book club notes are allowed on all conditions from "As New" downwards and may not always be explicitly mentioned. Please look carefully at the pictures of the book to assess its condition. Any other notable defects, aside from those in the "Key Features" column, will be listed above in the "At a Glance" column under "Observations."
| Condition | RM Rating | Description | Key Features |
|---|---|---|---|
| Brand New | 10/10 | Completely new and unread. | Crisp pages, no marks, and no signs of wear. |
| As New | 9/10 | Almost brand new; typically in read-once condition. | No visible damage, but may have small marks or the previous owner's name. |
| Excellent | 8/10 | Lacks the crispness of a new book, but no major damage. | Clean and intact; very slight creasing on spine. |
| Very Good | 7/10 | Good condition with some signs of wear. | Slight spine concavity, off-white pages, and small bends on corners. |
| Good | 6/10 | More wear but still usable and readable. | Creased spine, yellowing pages, curling corners. |
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Condition: Brand New
RM Rating: 10/10
Description: Completely new and unread.
Key Features: Crisp pages, no marks, and no signs of wear.
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Condition: As New
RM Rating: 9/10
Description: Almost brand new; typically in read-once condition.
Key Features: No visible damage, but may have small marks or the previous owner's name.
-
Condition: Excellent
RM Rating: 8/10
Description: Lacks the crispness of a new book, but no major damage.
Key Features: Clean and intact; very slight creasing on spine.
-
Condition: Very Good
RM Rating: 7/10
Description: Good condition with some signs of wear.
Key Features: Slight spine concavity, off-white pages, and small bends on corners.
-
Condition: Good
RM Rating: 6/10
Description: More wear but still usable and readable.
Key Features: Creased spine, yellowing pages, curling corners.
About ReadMatter Online Used Bookshop
Born from a dream during the heart of the COVID-19 pandemic, ReadMatter has blossomed into one of South Africa's premier online used bookstores. Operating from three strategic depots in Gauteng, we diligently deliver hundreds of books weekly, illuminating minds, enriching souls, and bringing the joy of reading to every corner of the nation.
Our shelves boast roughly 10,000 books and 4,000 authors at any moment, with an additional 100,000 unlisted treasures available upon request. Can't find what you're looking for? Allow us the privilege to unearth it for you!
At ReadMatter, a portion of every sale is lovingly donated to a variety of causes supporting the aged, the vulnerable, and animal conservation.
Join us in turning pages and transforming lives, one story at a time.
