Hedge Funds were once only the investment playground reserved for the super-rich. Today, thanks to the creation of a wide variety of Exchange Traded Funds (ETFs) ranging from conventional US sectors to global, currency, commodity and inverse series, the investment vehicles now exist for retail investors and the financial advisory community to create hedge funds for themselves or their clients. This book demystifies hedge funds in simple language so individual Do-It-Yourself (DIY) investors can understand their use, and explains why hedge funds now manage in excess of $1.5 trillion. Unlike other hedge fund books, however, Dave Fry wont confuse you by discussing riskier exotic strategies like Convertible Arbitrage, Distressed Securities and Fund of Funds strategies. Rather he will focus on the traditional long-short approach that many hedge funds have used to outperform the market, and will offer a strategy using ETFs across a broad array of asset classes that will allow you to invest like the super-rich.
Book Details:
- Author: David Fry
- ISBN: 9780470138953
- Year Published: 2008
- Pages: 334
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Hedge Funds were once only the investment playground reserved for the super-rich. Today, thanks to the creation of a wide variety of Exchange Traded Funds (ETFs) ranging from conventional US sectors to global, currency, commodity and inverse series, the investment vehicles now exist for retail investors and the financial advisory community to create hedge funds for themselves or their clients. This book demystifies hedge funds in simple language so individual Do-It-Yourself (DIY) investors can understand their use, and explains why hedge funds now manage in excess of $1.5 trillion. Unlike other hedge fund books, however, Dave Fry wont confuse you by discussing riskier exotic strategies like Convertible Arbitrage, Distressed Securities and Fund of Funds strategies. Rather he will focus on the traditional long-short approach that many hedge funds have used to outperform the market, and will offer a strategy using ETFs across a broad array of asset classes that will allow you to invest like the super-rich.
The idea of creating a hedge fund to outperform the market was once only an idea that the super-rich could execute largely because they possessed the net worth to commit capital to hedge fund advisers or fund of funds. Through the use of exchange trade funds (ETFs), however, high net worth individuals can implement similar long-short strategies on their own.
ETF Digest (www.etfdigest.com) is a hugely popular Web site geared for do-it-yourself ETF investors. Through the site and relationships with Yahoo Finance and SeekingAlpha.com David Fry has access to hundreds of thousands of investors through his Daves Daily column on ETFs. Fry has 1,500 paid subscribers (at an annual fee of $395) for ETF Digest. Author regularly speaks to the popular media about ETFs. ETF Digest has been profiled by Barrons three times (2003, 2005 and 2006) and is frequently quoted in renowned financial publications including Yahoo Finance, Investors Business Daily, The Wall Street Journal, CNBC, SmartMoney, BusinessWeek, and many more. Hedge funds and ETFs are hot topics among financial planners and individual investors with sufficient net worth to consider long-short investment strategies. More than $1 trillion in wealth is now invested in hedge funds, and more ETFs are being issued than mutual funds by professional investment managers.
About the Author
David Fry (Carson City, NV) is founder of ETF Digest, a leading newsletter Web site (www.etfdigest.com) for active users (traders and investors) of ETFs. Fry founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and advice on ETF investing. He has devoted over 30 years to the business of trading and portfolio management. His registration as an arbitrator with both the National Association of Securities Dealers (NASD) and the National Futures Association (NFA) attests to his extensive experience and spotless compliance record. By 2002 ETF Digest trading programs were making triple-digit gains, despite the sharp overall market decline at that time, and Daves newsletter began attracting favorable coverage in Barrons, Forbes.com, and Wall Street Access.