By: Maneet Ahuja, Myron S. Scholes, Mohamed A. El-Erian (Foreword by), Carl C. Icahn (Introduction by)

Hardcover

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<b>The ultimate behind-the-curtain look at the hedge fund industry, unlocking the most valuable stories, secrets, and lessons directly from those who have played the game best.</b> <p> Written by Maneet Ahuja, <i>the</i> hedge fund industry insider, <i>The Alpha Masters</i> brings the secretive world of hedge funds into the light of day for the first time. As the authority that the biggest names in the business, including John Paulson, David Tepper, Bill Ackman, and David Einhorn, go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in <i>Alpha Masters,</i> Ahuja provides both institutional and savvy private investors with tangible, analytical insight into the psychology of the trade, the strategies and investment criteria serious money managers use to determine and evaluate their positions, and special guidance on how the reader can replicate this success themselves. <p> There are few people with access to the inner chambers of the hedge fund industry, and as a result it remains practically uncharted financial territory. <i>Alpha Masters</i> changes all that, shedding light on star fund managers and how exactly they consistently outperform the market. The book: <ul> <li>Contains easy-to-follow chapters that are broken down by strategy--Long/Short, Event Arbitrage, Value, Macro, Distressed, Quantitative, Commodities, Activist, pure Short, Fund of Funds. <li>Includes insights from the biggest names in the trading game, including Ray Dalio, David Shaw, Marc Lasry, Jim Chanos, Sonia Gardner, Pierre Lagrange, and Tim Wong. <li>Features contributions from industry icons Mohamed El-Erian and Myron Scholes. </ul> <p> Many of the subjects profiled in this groundbreaking new book have never spoken so candidly about their field, providing extremely provocative, newsworthy analysis of today's investing landscape.

'...this is a well written book about some of the more colourful figures in the world of high-stakes investing. Anyone looking for a decent holiday read could do a lot worse' (Money Week, June 2012) 'There is not a dull moment, and one may even come out a much wiser investor by the end of the book.' ( eVestment|HFN , June 2012) 'Using savvy and psychological understanding she fully grasps the nature behind the secretive trade, and gives the reader guidance to replicate success.' (European CEO, 1st August 2012)

Foreword: The Less Mysterious World of Hedge Funds by Mohamed A. El-Erian, CEO and Co-CIO of PIMCO ix

Preface xv

Disclaimer xxiii

Chapter 1: The Global Macro Maven: Ray Dalio, Bridgewater Associates 1

Chapter 2: Man versus Machine: Pierre Lagrange and Tim Wong, Man Group/AHL 25

Chapter 3: The Risk Arbitrageur: John Paulson, Paulson &amp; Co. 39

Chapter 4: Distressed Debt&rsquo;s Value Seekers: Marc Lasry and Sonia Gardner, Avenue Capital Group 75

Chapter 5: The Fearless First Mover: David Tepper, Appaloosa Management 93

Chapter 6: The Activist Answer: William A. Ackman, Pershing Square Capital Management 115

Chapter 7: The Poison Pen: Daniel Loeb, Third Point 155

Chapter 8: The Cynical Sleuth: James Chanos, Kynikos Associates LP 173

Chapter 9: The Derivatives Pioneer: Boaz Weinstein, Saba Capital Management 193

Afterword: Myron S. Scholes, 1997 Nobel Laureate in Economics and Co-Author of the Black-Scholes Option Pricing Model 203

Appendix 211

References 225

Acknowledgments 237

About the Author 240

Index 241

ISBN: 9781118065525
ISBN-10: 1118065522
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 272
Published: 29th May 2012
Dimensions (cm): 23.8 x 16.3  x 2.425
Weight (kg): 0.476