--- product_id: 275481094 title: "The Little Book of Hedge Funds: What You Need to Know About Hedge Funds, but the Managers Won't Tell You" price: "¥7230" currency: JPY in_stock: true reviews_count: 5 url: https://www.desertcart.jp/products/275481094-the-little-book-of-hedge-funds-what-you-need-to store_origin: JP region: Japan --- # The Little Book of Hedge Funds: What You Need to Know About Hedge Funds, but the Managers Won't Tell You **Price:** ¥7230 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** The Little Book of Hedge Funds: What You Need to Know About Hedge Funds, but the Managers Won't Tell You - **How much does it cost?** ¥7230 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.jp](https://www.desertcart.jp/products/275481094-the-little-book-of-hedge-funds-what-you-need-to) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book: Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds Explores a variety of financial instruments―including leverage, short selling and hedging―that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy. Review: Great introduction - I did not know exactly what a hedge fund is, before reading this book. Now I have a fairly good idea about how they work and the most important aspects surrounding them. If you had some exposure to investing or the financial world and you want to learn all (or most) about hedge funds, then this book is for you. As it provides an introduction into the world of hedge funds, it is written for newbies to hedge funds and not for hedge fund managers themselves. Review: Entertaining and informative for any reader- from novice to market veteran - Scaramucci's 'Little Book' packs a lot into what amounts to a quick read. You don't have to really know anything about hedge funds or finance to enjoy the book, even initially- and if you're a novice, you'll certainly know a lot more about them when you're done. I actually had spent a year at a fund, and while I wasn't a novice (although I'm certainly no expert), I still learned a great deal. If you've read Barton Biggs 'Hedgehogging,' think of 'Little Book' as a slightly edgier and shorter, but just as entertaining, updated edition. Once again, those without limited or no prior knowledge of the industry will learn a great deal. Scaramucci approaches and simplifies the topic without the pretentious inside-baseball vernacular often associated with investment texts. He runs through the history of hedge funds- why they matter, their relative size, who invests in hedge funds, what strategies managers employ, and how these managers are picked. He also instills the reader with an idea of what constitutes success in the industry, making terms such as 'beta-adjusted return' and 'correlation' easy to discern through simple and then progressively (and appropriately) more complex real-life examples. However, perhaps `Little Book's' most significant contribution is providing context on funds' impact on those beyond the ultra-wealthy individuals commonly assumed to be the chief beneficiaries/losers from the industry's performance. Scaramucci describes the entrance of institutional investors, most powerfully spurred by David Swensen of the Yale Endowment in the mid 1990's. The entrance of institutional investors marked an important transition, one which has spread the impact of fund performance far beyond the `super-rich.' Actually, a lion's share of hedge fund assets are now held by pensions, foundations and endowments- Scaramucci explains the reasons (primarily diversification, as HF's, unlike mutual funds, are not forced to go `long only' and can protect pensions/endowments during down markets, ie; HF's significantly outperformed S&P during 2008 crisis), the impacts, and the possibilities of this transition in significant detail. The fact that the industry's performance has such wide-ranging implications further buttresses the importance of an articulate `how to' like `Little Book.' Additionally, Scaramucci is just an entertaining guy. You can feel the difference when the author is genuinely passionate about the subject at hand and when he's just going through the motions. It's like watching a baseball game called by Joe Buck or a football game called by John Madden- Scaramucci understands the topic well enough to be honest and funny, while still being informative. He's able to poke fun at himself, the indulgences of the industry, and some of the stereotypes that have surrounded hedge funds- this keeps things from getting dry as he packs a lot of information into a confined space. On a personal note, I found the history and context Scaramucci provides on the industry to be particularly compelling. It certainly helps to pull back the curtain on the industry, displaying that its founding father A.W. Jones was not a PHD economist or math genius, but an eccentric former journalist. Further, the book describes how the growth of the industry has corresponded with market movements and financial innovations- delineating the ebbs and flows that are often overlooked. For example, although hedge funds have grown at an exponential pace when considered over an extended period since the late 1960's, there were times when the industry's future was in doubt, most notably during the stagflation-laden early 1970's and during the tech bubble in the late 1990's, very early 2000's. In the former instance, hedgies were punished for following the herd and buying into the go-go stock market of the late 1960's, while in the latter instance they were punished for shorting persistently inflated, and at the time, still rising internet stocks, and for failing to match correspondingly inflated benchmark barometers. Interesting food for thought as we wait inevitably approach the next sector or asset class mania... ## Features - Used Book in Good Condition ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #161,008 in Books ( See Top 100 in Books ) #1,048 in Personal Finance #1,210 in Investing #1,600 in Finance | | Customer Reviews | 4.5 out of 5 stars 49 Reviews | ## Images ![The Little Book of Hedge Funds: What You Need to Know About Hedge Funds, but the Managers Won't Tell You - Image 1](https://m.media-amazon.com/images/I/71fdXqntdsS.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ Great introduction *by A***E on 26 July 2020* I did not know exactly what a hedge fund is, before reading this book. Now I have a fairly good idea about how they work and the most important aspects surrounding them. If you had some exposure to investing or the financial world and you want to learn all (or most) about hedge funds, then this book is for you. As it provides an introduction into the world of hedge funds, it is written for newbies to hedge funds and not for hedge fund managers themselves. ### ⭐⭐⭐⭐⭐ Entertaining and informative for any reader- from novice to market veteran *by M***D on 26 April 2012* Scaramucci's 'Little Book' packs a lot into what amounts to a quick read. You don't have to really know anything about hedge funds or finance to enjoy the book, even initially- and if you're a novice, you'll certainly know a lot more about them when you're done. I actually had spent a year at a fund, and while I wasn't a novice (although I'm certainly no expert), I still learned a great deal. If you've read Barton Biggs 'Hedgehogging,' think of 'Little Book' as a slightly edgier and shorter, but just as entertaining, updated edition. Once again, those without limited or no prior knowledge of the industry will learn a great deal. Scaramucci approaches and simplifies the topic without the pretentious inside-baseball vernacular often associated with investment texts. He runs through the history of hedge funds- why they matter, their relative size, who invests in hedge funds, what strategies managers employ, and how these managers are picked. He also instills the reader with an idea of what constitutes success in the industry, making terms such as 'beta-adjusted return' and 'correlation' easy to discern through simple and then progressively (and appropriately) more complex real-life examples. However, perhaps `Little Book's' most significant contribution is providing context on funds' impact on those beyond the ultra-wealthy individuals commonly assumed to be the chief beneficiaries/losers from the industry's performance. Scaramucci describes the entrance of institutional investors, most powerfully spurred by David Swensen of the Yale Endowment in the mid 1990's. The entrance of institutional investors marked an important transition, one which has spread the impact of fund performance far beyond the `super-rich.' Actually, a lion's share of hedge fund assets are now held by pensions, foundations and endowments- Scaramucci explains the reasons (primarily diversification, as HF's, unlike mutual funds, are not forced to go `long only' and can protect pensions/endowments during down markets, ie; HF's significantly outperformed S&P during 2008 crisis), the impacts, and the possibilities of this transition in significant detail. The fact that the industry's performance has such wide-ranging implications further buttresses the importance of an articulate `how to' like `Little Book.' Additionally, Scaramucci is just an entertaining guy. You can feel the difference when the author is genuinely passionate about the subject at hand and when he's just going through the motions. It's like watching a baseball game called by Joe Buck or a football game called by John Madden- Scaramucci understands the topic well enough to be honest and funny, while still being informative. He's able to poke fun at himself, the indulgences of the industry, and some of the stereotypes that have surrounded hedge funds- this keeps things from getting dry as he packs a lot of information into a confined space. On a personal note, I found the history and context Scaramucci provides on the industry to be particularly compelling. It certainly helps to pull back the curtain on the industry, displaying that its founding father A.W. Jones was not a PHD economist or math genius, but an eccentric former journalist. Further, the book describes how the growth of the industry has corresponded with market movements and financial innovations- delineating the ebbs and flows that are often overlooked. For example, although hedge funds have grown at an exponential pace when considered over an extended period since the late 1960's, there were times when the industry's future was in doubt, most notably during the stagflation-laden early 1970's and during the tech bubble in the late 1990's, very early 2000's. In the former instance, hedgies were punished for following the herd and buying into the go-go stock market of the late 1960's, while in the latter instance they were punished for shorting persistently inflated, and at the time, still rising internet stocks, and for failing to match correspondingly inflated benchmark barometers. Interesting food for thought as we wait inevitably approach the next sector or asset class mania... ### ⭐⭐⭐⭐ High Level Introduction to Hedge Funds *by M***2 on 4 December 2020* Scaramucci's book is ideal for those who know little about hedge funds. His book provides simple, easy-to-understand explanations of how hedge funds work, including: The history of hedge funds and what differentiates them from mutual funds Hedge fund fee structure, regulatory environment, and definitions of who can invest in a fund Hedge fund strategies, including event-driven, relative value, L/S equity, and directional Short interviews with prominent fund managers, including Daniel Loeb and Leon Cooperman Using hedge fund of funds to invest in hedge funds even if you don't meet their minimum requirements General advice on finance and entering the hedge fund industry if you are a student / aspiring professional My only fault with Scaramucci's book is that it reads as a disguised advertisement for hedge fund of funds, which is the specialty of his firm, Skybridge. Overall though, Scaramucci's book is a quick introduction to hedge funds. ## Frequently Bought Together - The Little Book of Hedge Funds: What You Need to Know About Hedge Funds, but the Managers Won't Tell You - Hedge Fund Market Wizards: How Winning Traders Win - More Money Than God: Hedge Funds and the Making of a New Elite (Council on Foreign Relations Books (Penguin Press)) --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.jp/products/275481094-the-little-book-of-hedge-funds-what-you-need-to](https://www.desertcart.jp/products/275481094-the-little-book-of-hedge-funds-what-you-need-to) --- *Product available on Desertcart Japan* *Store origin: JP* *Last updated: 2026-11-09*