Guide to Hedge Funds: What They Are, What They Do, Their Risks, Their Advantages (The Economist)

Today, most people have heard the term "hedge fund," the investment fund that manages more than $2 trillion in assets, but few are clear about what exactly a hedge fund is or what it does. This guide aims to put them in the know.

Designed as a one-stop resource to everything about hedge funds, Guide to Hedge Funds provides a succinct survey of the industry for all those who think they should have some knowledge of this investment vehicle.

• Deftly explains all you need to know about hedge funds in order to understand the nature of their business
• Covers who the main players are, the regulations affecting them, the arguments about hedge fund ethics, and what the future holds for them
• Aimed at all those who might have to deal with a hedge fund: private investors, trustees of a pension fund, directors of a listed company, and lawyers and accountants who may be interested in working in the industry

Written in the accessible and easy-to-understand prose for which The Economist is so highly regarded, this lively and clear guide sheds much-needed light on the world of hedge funds.