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Diary of a Hedge Fund Manager: From the Top, to the Bottom, and Back Again
John Wiley and Sons Ltd, Jan 2010, Pages: 224
Fast paced romp through the world of hedge fund mania
Diary of a Hedge Fund Manager is an insider's view of the high stakes money management world. In a distinctly straightforward, and at times humorous narrative, Keith McCullough and Rich Blake take you on the journey of a young and successful hedge fund manager and former junior hockey player from Thunder Bay, Ontario as he gets recruited to the Ivy League, stumbles on to the nexus of the hedge fund universe, and then gets a crack at running his own pile, becoming one of the best portfolio managers on the Street.
But when the young portfolio manager finds himself working for one of the world's most prestigious firms-helping to run their hedge fund operation right as the market is starting to crack in 2007-McCullough becomes a lonely voice of reason in an world that rewards group think and disregards the adage about past performance having no bearing on future results. When McCullough finds himself shown the door, the story takes a fascinating turn into the world of independent research and no holds barred critic.
Shows the unvarnished truth of how Wall Street and hedge funds really operate Deftly details how to analyze the markets expertly and avoid group think using technical and fundamental measures Each topic is thoroughly discussed and followed up with lessons you can take away and put to use Written with the authority of someone who knows how Wall Street and hedge funds work, yet accessible to even a cursory follower of finance, Diary of a Hedge Fund Manager mixes constructive critique of the investment industry while exploring fundamental lessons that any investor will find valuable.
Diaries of a Hedge Fund Manager presents a fun and interesting insider view of the world of hedge funds and all that it wrong with them, ultimately leading so many to fail in 2008-2009 (and the carnage is not over). Keith McCullough, rising quickly through the high flying world of money management and eventually selling his fund to Magnetar Capital and then moving on to the Carlyle Group, explains what is wrong with so many hedge funds, their management and traders, and their stewardship of other peoples money. He then shows readers how to analyze the markets using technical and fundamental measures that will help them profit in any market. Each topic is presented in a pleasing, narrative read, followed with lessons readers can take away and put to use. Readers will be given the opportunity to enjoy a complimentary subscription to one of ResearchEdgeLLC.coms daily services where they can track real time the ResearchEdge teams analysis and trade recommendations. McCullough may be the first money manager to be so transparent about his analysis, trades, and performance. His goal is to show everyone that they can take control of their future by taking control of the markets and beat the insiders.
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