Hedge Funds

The book explores the rapid growth of the hedge fund industry, which now encompasses over eight thousand funds managing nearly two trillion dollars. Originally exclusive to the wealthy, hedge funds have attracted a diverse range of investors, including pension funds and retail investors. Given their unregulated nature and inherent secrecy, hedge funds possess a captivating allure. Andrew Lo, a renowned financial economist, provides a structured approach to effectively managing hedge fund investments, addressing the industry's complexities and challenges.