Investing in Hedge Funds

Hedge funds remain consistently in the news and therefore on the minds of sophisticated investors. An estimated $1 trillion in assets is now invested in 7, 900 hedge funds, up from an estimated $450 billion in 3, 600 funds in 1999. As the number of investors has grown, so have questions about how hedge funds are structured, where the assets are allocated, and whether hedge funds can truly act as a hedge against market risk. This revised edition of Investing in Hedge Funds provides the answers.