Despite their grandiose claims, the vast majority of hedge funds underperform the markets. While they’re quick to publicize a standout quarter or two, what you won’t find within the pages of their glossy brochures and masterfully designed websites is that, over the long run, most of them pull down less than inspiring returns.
Yet, there are a select few fund managers who consistently outperform the averages. These hedge fund rock stars have discovered various, often closely guarded strategies for reaping market-beating returns in bull, bear, and sideways markets alike.
Who are these market-beaters and what lessons can be gleaned from their successes? How can the rest of us apply that knowledge to achieve the same extraordinary level of returns in all markets and in every economic climate?
A must-read for every savvy investor, Profiting from Hedge Funds provides the answers to these questions, and much more.
Author John Konnayil Vincent identifies the twelve most successful fund managers in the world. He then explores their guiding philosophies and investing styles, reveals the key differences between each of their portfolios, and analyzes their major moves over the years.
In an impressive feat of scholarship, working from information that is publicly available, Mr. Vincent reverse-engineers the best hedge fund managers’ successes, unearthing the specific strategies they have developed for beating the markets and amassing fortunes for their clients and themselves. He then develops a group of model portfolios based on those strategies and establishes sets of rules governing the establishment and management of each portfolio model. In addition to detailing the holdings and size of each portfolio, Vincent compares their historic performance against the standard indexes, providing detailed analyses of their relative strengths and weaknesses.
While that information alone is worth its weight in gold, Mr. Vincent doesn’t stop there. With the goal of giving the “little guy” the same competitive advantage as the most successful hedge funds with $100 million or more under management, he distills that knowledge into a framework and a set of clear-cut strategies for investing like a hedge fund rock star on a roadie’s budget.
Whether you employ market-neutral positions, short positions, puts, derivatives, debt instruments, or other time-tested strategies, you’ll learn how to invest like a hedge fund billionaire and achieve market-beating returns, year after year, in fair weather and foul.
“Profiting from Hedge Funds is a unique window into the investment strategies of top hedge fund managers. In this book, John Konnayil Vincent breaks down the strategies of some of the most respected investors today including David Einhorn, Warren Buffett, George Soros, and Bill Ackman. One of the biggest mistakes I see many hedge fund managers make is innovating before mastering the fundamentals and emulating the best practices of their peers. This is a must-read for every hedge fund portfolio manager or trader, as it can help them model their trades after, and gain insight into, the thinking of some of the most successful investment managers in the world.”
Richard C. Wilson, Managing Director and Founder of the 103,000-member Hedge Fund Group and their Certified Hedge Fund Professional (CHP) certificate program
“In Profiting from Hedge Funds, John Konnayil Vincent has written a comprehensive book that makes a compelling case for using hedge fund public filings to develop winning long-term investment strategies. The book explores in detail all the attributes required to succeedfrom manager selection to model constructionand brings them together into a single, repeatable investment discipline. An extremely valuable tool for those who wish to leverage the valuable information sources that are hedge fund public filings.”
Mazin Jadallah, CEO of AlphaClone LLC
“Successful investing requires the right combination of hard work, learning from past experiences, patience, and luck. There are no free lunches in the market and no shortcuts to success. John Vincent’s book is an outstanding resource for investors who have a strong grasp of the basics and are looking to expand their investment horizon with different strategies and by learning from the experiences of successful investors. The book is a delight to read, and the first chapter, which walks you through how to read and use a 13F SEC filing, is in itself worth the price of admission.”
Asif Suria, Founder of Insider Trade Reports
About the Author
John Konnayil Vincent received his BTech in computer science from the University of Kerala, India, and his Master’s degree in information systems from the University of Hawai’i at M-anoa. John worked with various software development groups in the San Francisco Bay Area for almost two decades. Highlights of that career include several inventions in the database technology field that were awarded patents, as well as performance awards. More recently, he made a career shift into wealth management. His writings related to stock market activity have appeared on Seeking Alpha and other websites.