Showing posts with label hedge funds. Show all posts
Showing posts with label hedge funds. Show all posts

The Harriman House Book of Investing Rules: Collected Wisdom from the World's Top 150 Investors Review

The Harriman House Book of Investing Rules: Collected Wisdom from the World's Top 150 Investors
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"The Global-Investor Book of Investing Rules" is like going to a cocktail party with 150 prominent investment authors and analysts and pumping them for information. We get to hear from Bob Prechter, Marc Faber (a/k/a "Dr. Doom"), Paul Wilmott, and many others. The multiplicity of approaches is excellent: some of the subjects are stock investors, others concentrate on commodities; some use technical analysis, others are fundamentalists. Dr. Faber's one point of advice is one of the best that I have ever read in a financial book: he suggests that consumption of wealth is always an option--buy a good book, go out to dinner with family and friends. It is a shame that such a wonderful book is already out of print, but luckily you can buy a used copy very cheap. It's a bargain!

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For the first time, the tactics, strategies and insights relied on by 150 of the world's most respected financial experts are revealed in a concise, digestible form. Learn how you really make money in the markets from: fund managers of billion-pound equity funds; traders in the options and futures markets; industry-rated analysts; economists from top business schools; and, writers on leading financial newspapers. Each provides focused and practical rules on how to succeed in the market. Often counter-intuitive, their rules tell you exactly what to do and what not to do. No padding; just a rock-hard list of do's and don'ts. The contributors to this book are the elite of investing. They consistently beat the market because they know which shares to buy, at what price, and when. And, just as importantly, they know when to sell. Never before has so much quality advice been packed into a single book. If you want to increase your wealth through investing, this is an unmissable opportunity to acquire knowledge and skills from the best in the world.

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Merger Arbitrage: How to Profit from Event-Driven Arbitrage (Wiley Finance) Review

Merger Arbitrage: How to Profit from Event-Driven Arbitrage (Wiley Finance)
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I just finished reading the Merger Arbitrage book by Thomas Kirchner and I really enjoyed it. Mr. Krichner's book broke down the philosophy and process behind investing in mergers in a simple and concise way so that anyone can understand how merger arbitrage works. The book has detailed examples of past mergers which really help to illustrate how mergers operate and how to take advantage of them. The book also talks about risks involved with mergers and explains how some risks really aren't that bad considering the potential up side for merger arbitrage strategies.
My favorite part of the book was chapter 12 which talked about how merger arbitrage strategies complement traditional investment strategies. Mr. Kirchner pointed out simple benefits such as diversification of risk and return streams as basic reasons to incorporate a merger arbitrage strategy into traditional investment strategies and he backs up his claims with data that shows exactly what he is talking about.
Overall I would recommend this book to any person who wants to learn more about investing. The book caters to any level of investor and it has great examples which really help out!

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A detailed look at an important hedge fund strategy
Written by a fund manager who invests solely in merger arbitrage, also referred to as risk arbitrage, and other event-driven strategies, Merger Arbitrage is the definitive book on how this alternative hedge fund strategy works. Initial chapters are dedicated to the ins and outs of the strategy–cash mergers versus stock for stock mergers, legal aspects of mergers, and pitfalls of the merger process–while later chapters focus on giving the reader sound advice for integrating merger arbitrage into an investment portfolio. Merger Arbitrage helps readers understand leverage and options, shorting stocks, and legal aspects of merger arbitrage, including seeking appraisal or filing lawsuits for inadequate merger consideration. For those looking to gain an edge in the merger arbitrage arena, this book has everything they need to succeed.
Thomas F. Kirchner, CFA (New York, NY), is the founder and portfolio manager of Pennsylvania Avenue Funds (www.pennavefunds.com), which invests in merger arbitrage and other event-driven strategies.

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CAIA Level I: An Introduction to Core Topics in Alternative Investments (Wiley Finance) Review

CAIA Level I: An Introduction to Core Topics in Alternative Investments (Wiley Finance)
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While it may seem intimidating at a glance, Anson's book is surprisingly readable for what seems like an academic text. It gives a thorough review of the material needed to pass CAIA Level I, and provides thoughtful examples without getting too detailed. I would recommend this not just to those who are sitting for CAIA Level I, but also those with a general interest in alternative investments. If you are considering taking the test, I would strongly encourage it.

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The official study text for the Level I Chartered Alternative Investment Analyst (CAIA) exam
The Chartered Alternative Investment Analyst (CAIA) designation is the financial industry's first and only globally recognized program that prepares professionals to deal with the ever-growing field of alternative investments. The CAIA Level I: An Introduction to Core Topics in Alternative Investments contains all material on alternative investments that a potential Level I candidate would need to know as they prepare for the exam.
The information found here will help you build a solid foundation in both traditional and alternative investment markets-for example, the range of statistics that are used to define investment performance as well as the many types of hedge fund strategies. It will also inform CAIA candidates on how to identify and describe aspects of financial markets, develop reasoning skills, and in some cases, make computations necessary to solve business problems.
Contains "need to know" material for Level I candidates and for alternative investment specialists
Addresses all of the unique attributes associated with the alternative investments space
Organized with a study guide outline and learning objectives with key terms, available for free at www.caia.org/program/studyguides
Focuses on alternative investments and quantitative techniques used by investment professionals

This book is a must-have resource for anyone contemplating taking the CAIA Level I exam.

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