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The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds

Amazon.com Price:  $20.99 (as of 12/05/2019 17:18 PST- Details)

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Description

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.

Written by Maneet Ahuja, the hedge fund industry insider, The Alpha Masters 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, and Bill Ackman, go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in Alpha Masters, 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.

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. Alpha Masters changes all that, shedding light on star fund managers and how exactly they consistently outperform the market. The book:

  • 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.
  • Includes insights from the biggest names in the trading game, including Ray Dalio, Marc Lasry, Jim Chanos, Sonia Gardner, Pierre Lagrange, and Tim Wong.
  • Features contributions from industry icon Mohamed El-Erian

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.

Guest Review of The Alpha Masters by Ben Mezrich

“Maneet Ahuja’s The Alpha Masters is a must-read for anyone working on Wall Street–or anyone planning to work on Wall Street. Getting even one of these titans of the industry to talk on record would be an impressive feat (and I know this because I’ve tried unsuccessfully to interview at least two of the people featured in here!), but getting all of them together in one place is simply herculean. Maneet quite clearly has the magic touch, and The Alpha Masters kept me busy on a round trip to Vegas, with a few extra hours on the tarmac. Great work, fun read, and a unique, fresh voice.”

–Ben Mezrich is the author of twelve books including the New York Times best sellers Bringing Down the House, which was adapted into the movie 21, and The Accidental Billionaires, which was adapted into the Oscar-winning movie The Social Network.
Ben Mezrich
Q & A with Maneet Ahuja, author of The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds

Maneet Ahuja

What is The Alpha Masters about?
The Alpha Masters lifts the curtain on the notoriously private hedge fund industry and reveals valuable stories, secrets and lessons directly from the world’s top investors. I wrote the book during one of the volatile years in the U.S. markets. Through firsthand interviews and unprecedented access, each chapter profiles one of the crucial biggest and most successful names in the industry, specifically including Ray Dalio, John Paulson, David Tepper, Bill Ackman, Marc Lasry and Sonia Gardner, Dan Loeb, Jim Chanos, Boaz Weinstein, Pierre LaGrange and Tim Wong.

You had unprecedented access to these managers through the course of writing The Alpha Masters. Why do you think you were able to “go behind the curtain”?
As any good journalist will tell you, when you focus on the facts and developing your story, the rest will follow. My objective in writing The Alpha Masters was to dig deep into the backgrounds and investment philosophies of one of the vital world’s greatest investors in order to really tell their stories for the first time. As a producer at CNBC for over four years, I have slowly built strong relationships and trust with these investors which I have now taken several steps further with the publishing of The Alpha Masters.

I believe I used to be able to “go behind the curtain,” as a way to speak, because all of my subjects believed there were extremely valuable lessons to be learned from their extensive experiences and insights. Expectantly readers of the book will agree and be able to put one of the vital philosophies shared in the book into practice in their own lives and portfolios!

Why are hedge funds such a mystery?
There are a few key reasons, but foremost, most people doesn’t have the ability to invest in hedge funds because they are restricted to “accredited investors” under Regulation D of the Securities and Exchange Commission. This usually means an individual with net worth of at least $1 million or annual income over $200,000.

Also, hedge funds have only been around for less than a century. At the same time as there are numerous mixed opinions–even among the investors profiled in the book–about what actually constitutes a hedge fund, the investment strategies are complex and believed by many to contain marks of genius. Thus, hedge fund managers have historically shied away from publicly explaining their methods, not only because they are difficult to understand, but from fear of giving away the name of the game sauce.

Who should read this book?
This book is for investors, market participants, business students, and anyone curious about the markets and interested in a “hedge- ucation.”

You interviewed one of the vital top hedge fund managers in the world. What defining characteristic do you think stands out among them?
In one word? Drive.

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