Market-Neutral Investing : Long/Short Hedge Fund Strategies

Rating:
Summary: Excellent book, very informative yet extremely easy to read
Review: While this book won't prepare you to start your own hedge fund or proprietary trading operation, it is a must read for anyone considering alternative investments. Mr. Nicholas gives the reader a concise and understandable treatment of most hedge fund strategies. Each strategy is covered in its own chapter, including multiple examples of the strategy in action; a simplified explanation of the mathematics the strategy depends upon, a history of the strategy and a comparison of the strategy's historical returns with those of other assets such as stocks, bonds and treasuries.

If you are a trader, fund manager or other financial professional you might find the material a bit basic, but your clients undoubtedly would benefit from your recommendation of this book. Even those with advanced finance degrees will likely find this book an excellent overview of the rapidly expanding opportunities in alternative investments.