Description
Owen, an investment management professional, contends that hedge funds can be a sensible, conservative investment, in spite of their risky reputation. The text explores different kinds of hedge funds and describes how individuals can invest directly in individual hedge funds or gain exposure to an array of hedge fund strategies through a fund-of-funds approach. The strategies discussed are designed for wealthy individual investors who want to earn consistent, competitive portfolio returns, and would not be helpful for middle-income families saving for a house or college tuition. The book does not include a bibliography. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Hedge funds are typically thought of as highly risky investments. Not so. In fact, some hedge funds are among the most conservative investments you can make. While speculative, high-flying hedge funds make the headlines, others quietly go about the work of crafting unique investment strategies and hedging portfolios against market risk. This much-needed book shows why affluent investors who want to be financially secure through retirement should know about hedge funds. Its blend of facts, practical tips, and personal insights takes the mystery out of this often misunderstood investment vehicle and reveals the critical questions to ask before you invest. James P. Owen (Santa Barbara, CA) has more than 30 years of experience in the investment management industry and is Senior Vice President of Broadmark Asset Management. Previously he was President of JPO Inc. and a partner with NWQ Investment Management Company. He is co-founder of the Investment Management Consultant s Association (IMCA); author of the financial bestseller, The Prudent Investor: The Definitive Guide to Professional Investment Management; and was associate producer of the PBS television series,Beyond Wall Street: The Art of Investing
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