Although the author provides rare access to the thinking of 25 hedge fund great, she often misses the mark. Hedge Fund managers are notorious for high returns and low profiles. Katherine Burton, who covers the hedge fund industry for Bloomberg News, provides the reader with access to these legends, but often fails to plumb the depths of their thinking. The book is well-written. But I do not particularly care that the manager has boyish good-looks, … more
Hedge funds have made headlines in two ways over the past year with the second being a consequence of the first. Reported incomes and bonuses for hedge fund employees were substantial for the year 2006, which raised eyebrows and questions about the role of hedge funds in the American economy. The large numbers have served to interject hedge funds into the debate between the presidential candidates, which unfortunately tends to murk the issues regarding what hedge funds actually do. … more