Table of Content
Preface xi My Story xii Disclosure of Financial Interests xiii Acknowledgments xv Introduction 1 Chapter 1 Hedge Fund Fundamentals 5 Hedge Fund Mechanics and Statistics 6 History of Hedge Funds 8 Media Portrayal of Hedge Funds 9 Hedge Fund Ecosystem 10 Future of the Hedge Fund Industry 13 Chapter Summary 13 Review Questions 14 Chapter 2 Institutionalization and Operations 17 Stephen Abrahams, Vice President of Marketing for a London-Based Hedge Fund 18 Bob Pardo, CEO and President, Pardo Capital Limited 19 Vinod Paul, Managing Director of Service and Business Development, Eze Castle Integration 21 Nakul Nayyar, Quantitative Trading/Support, Quad Capital 24 Hendrik Klein, CEO, Da Vinci Invest Ltd. 26 Sheri Kanesaka, Associate, Michelman & Robinson, LLP 29 Eric Warshal, CEO, Fund Associates 30 Lance Baraker and William Katts, Senior Managing Directors, TradeStation Prime 32 Chapter Summary 36 Review Questions 36 Chapter 3 Hedge Fund Marketing Pro 39 Bad News 40 Public Relations Management 41 Educational Marketing 42 Forget about Contacting More Investors 43 E-Mail Marketing Best Practices 45 Copy Writing 49 Case Profile 50 Stephen Abrahams, Vice President of Marketing for a London-Based Hedge Fund 54 Pratik Sharma, Managing Director, Atyant Capital 55 Hendrik Klein, CEO, Da Vinci Invest Ltd. 59 Chapter Summary 60 Review Questions 61 Chapter 4 The Shooting Star 63 18 Lessons from Shooting Star Hedge Funds 63 Rick Nummi, Partner and General Counsel, Accounting and Compliance International (ACI) 65 Thomas Powell, Chief Executive Officer, ELP Capital 72 Chapter Summary 74 Review Questions 74 Chapter 5 Hedge Fund Start-Up Guru 77 Top Five Tips for Starting a Hedge Fund 78 Hedge Fund Pitch Book Creation 80 Syed Ali, CEO, Saturn Partners, LLC 81 Nakul Nayyar, Quantitative Trading/Support, Quad Capital 86 Chapter Summary 89 Review Questions 90 Chapter 6 Dedicated to Due Diligence 93 Scott Freund, President, GCC Family Wealth Management 94 Brian Reich, President and Founder, Atrato Advisors LLC 95 Richard Wilson, Hedge Fund Group, CHP Designation, HedgeFundBlogger.com 98 Due Diligence Effects on Hedge Funds 102 Chapter Summary 105 Review Questions 106 Chapter 7 Giant Hedge Funds 109 Best Practices from $1 Billion-Plus Hedge Funds 109 Richard Zahm, Portfolio Manager, Second Angel Fund 111 Scott Cohen, President and CEO, Hedge Solutions 117 Chapter Summary 119 Review Questions 120 Chapter 8 Governance Best Practices 123 Andrew Main, Managing Partner, Stratton Street Capital LLP 124 David R. Koenig, CEO of the Governance Fund, LLC 130 Chapter Summary 134 Review Questions 134 Chapter 9 Frequently Asked Hedge Fund Questions 137 Hedge Funds 101 137 Hedge Fund Operations 139 Hedge Fund Marketing and Sales 142 Hedge Fund Careers 156 Appendix A Bonuses of $1,779 169 Appendix B Example Due Diligence Questions 171 Questionnaire 171 Appendix C Top Hedge Fund Web Sites 177 Glossary 179 About the Author 185 Index 187
