
The Invisible Hands
Top Hedge Fund Traders on Bubbles, Crashes, and Real Money
Steven Drobny(Author)
Wiley (Publisher)
1st Edition
Published on 1. September 2011
Book
Paperback/Softback
476 pages
978-1-118-06548-8 (ISBN)
Article exhausted; check for reprint
Description
Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets
In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes need to be made, and managers who actually made money during 2008 make for a logical starting place.
The Invisible Hands provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management.
* Contains revealing interviews with top hedge fund managers who survived and prospered through the 2008 financial crisis
* Outlines investments and strategies for the rocky road ahead
* Reveals how hedge fund managers are seeking a new paradigm of risk management and profit making opportunities in the post-crisis world
* Gives guidance on how traditional investors such as pensions, endowments, foundations and family offices should rethink how they approach asset allocation and portfolio construction
Page by page, the top macro thinkers found in this book reveal their own approaches to markets, risk, and the broader world in which we live, as well as their advice on how investors should be approaching money management in today's uncertain world.
In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes need to be made, and managers who actually made money during 2008 make for a logical starting place.
The Invisible Hands provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management.
* Contains revealing interviews with top hedge fund managers who survived and prospered through the 2008 financial crisis
* Outlines investments and strategies for the rocky road ahead
* Reveals how hedge fund managers are seeking a new paradigm of risk management and profit making opportunities in the post-crisis world
* Gives guidance on how traditional investors such as pensions, endowments, foundations and family offices should rethink how they approach asset allocation and portfolio construction
Page by page, the top macro thinkers found in this book reveal their own approaches to markets, risk, and the broader world in which we live, as well as their advice on how investors should be approaching money management in today's uncertain world.
More details
Edition
1., Auflage
Language
English
Place of publication
New York
United States
Illustrations
Illustrations
Dimensions
Height: 22.7 cm
Width: 15.2 cm
Thickness: 33 mm
Weight
568 gr
ISBN-13
978-1-118-06548-8 (9781118065488)
Schweitzer Classification
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Book
03/2014
2nd Edition
Wiley
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Book
04/2010
1st Edition
Wiley
€25.90
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Persons
Steven Drobny is cofounder of Drobny Global Advisors (DGA), an international macroeconomic research and advisory firm that counts many leading global hedge funds as clients. He is also the author of the critically acclaimed Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Wiley). Please visit www.drobny.com for more information on Drobny, DGA, and this book.
Content
Foreword by Nouriel Roubini ix
Foreword to the Previous Edition by Jared Diamond xiii
Preface xix
Preface to the Previous Edition xxiii
PART ONE REAL MONEY AND THE CRASH OF '08 1
Chapter 1 Rethinking Real Money 3
Chapter 2 The Researcher: Dr. Andres Drobny, Drobny Global Advisors 33
Chapter 3 The Family Office Manager: Jim Leitner, Falcon Management 53
PART TWO THE INVISIBLE HANDS 77
Chapter 4 The House 79
Chapter 5 The Philosopher 111
Chapter 6 The Bond Trader 149
Chapter 7 The Professor 169
Chapter 8 The Commodity Trader 205
Chapter 9 The Commodity Investor 235
Chapter 10 The Commodity Hedger 269
Chapter 11 The Equity Trader 299
Chapter 12 The Predator 327
Chapter 13 The Plasticine Macro Trader 349
PART THREE FINAL WORD 385
Chapter 14 The Pensioner 387
Conclusion 411
Acknowledgments 415
Bibliography 419
About the Author 427
Index 429
Foreword to the Previous Edition by Jared Diamond xiii
Preface xix
Preface to the Previous Edition xxiii
PART ONE REAL MONEY AND THE CRASH OF '08 1
Chapter 1 Rethinking Real Money 3
Chapter 2 The Researcher: Dr. Andres Drobny, Drobny Global Advisors 33
Chapter 3 The Family Office Manager: Jim Leitner, Falcon Management 53
PART TWO THE INVISIBLE HANDS 77
Chapter 4 The House 79
Chapter 5 The Philosopher 111
Chapter 6 The Bond Trader 149
Chapter 7 The Professor 169
Chapter 8 The Commodity Trader 205
Chapter 9 The Commodity Investor 235
Chapter 10 The Commodity Hedger 269
Chapter 11 The Equity Trader 299
Chapter 12 The Predator 327
Chapter 13 The Plasticine Macro Trader 349
PART THREE FINAL WORD 385
Chapter 14 The Pensioner 387
Conclusion 411
Acknowledgments 415
Bibliography 419
About the Author 427
Index 429