New PDF release: All About Hedge Funds: The Easy Way to Get Started

By Robert Jaeger

ISBN-10: 0071393935

ISBN-13: 9780071393935

ISBN-10: 0071415637

ISBN-13: 9780071415637

In operating for a fund of hedge money (similar to the writer) i discovered this ebook to be very exact. it is a nice assessment of the (particularly from the fund of money side). i might hugely suggest this to an individual short of an exceptional assessment of the enterprise.

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The technology sector became a larger and larger component of the S&P 500, the most widely followed stock index. And the technology sector became increasingly dominated by a small number of extremely large companies: Microsoft, Intel, Cisco, Dell, and so forth. Many active managers were nervous about the tech sector, especially the “mega cap” tech stocks. So they built portfolios that were more conservative than the index, and, during the growth-obsessed stage of the bull market, the performance of the active managers lagged the index.

Many years ago, when the tax laws were very different from what they are today, limited partnerships were often designed to serve as tax shelters. The basic idea was to produce an investment that generated large tax deductions without necessarily generating large economic returns. In some circumstances, the value of the tax deductions was even greater than the value of the original investment. These limited partnerships generally had high investment management fees and sales commissions, produced no real economic return, and, in the worst case scenario, left the investor arguing with tax authorities about the legitimacy of the deductions.

The United States became a market-obsessed culture, in which people watched financial news on television and spent time at parties swapping stories about stocks, mutual funds, star portfolio managers, and so forth. Newspapers advertised mutual funds run by investment wizards who had compiled dazzling performance records. The financial pages became an extension of the sports pages as investors pored over the statistics, and the paychecks, of celebrated financial athletes. This obsession with financial celebrities coexisted with an opposite phenomenon: the rise of the index fund.

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All About Hedge Funds: The Easy Way to Get Started by Robert Jaeger


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