Top Hedge Fund Investors: Stories, Strategies, and Advice

Praise for Top Hedge Fund Investors

"Cathleen and Larry have written this must–read book on hedge funds. They capture the spirit, energy, and knowledge of the best and brightest of the industry."
Anthony Scaramucci, Managing Partner, SkyBridge Capital, LLC

"An excellent overview and history lesson on the evolution of the global hedge fund industry with sound advice from successful investors. The foresight and persistence of these prominent hedge fund investors provides a practical education from invaluable experience. They brilliantly articulate their successes and shortfalls with great insights for any hedge fund investor."
Glen C. Dailey, Managing Director, Head of Prime Brokerage, Jefferies & Company, Inc.

"This volume will be required reading for any fiduciary or investor serious about understanding hedge funds and their strategies. In distilling the investment philosophies of major thought leaders, the authors have constructed what will quickly be recognized as a durable intellectual anchor for investors."
Orin Kramer, Chair, New Jersey State Investment Council, and Partner, Boston Provident, LP

"Rittereiser and Kochard have distilled the essence of what drives some of the alternative investment industry′s most influential leaders. They have coaxed these luminaries into revealing not only their investing strategies and outlooks, but also the personality traits and life experiences that make them tick. The result is a must–read for anyone looking for an edge in, or considering a career in, the alternative investment sector."
Christopher Holt, Director, Industry Relations, Chartered Alternative Investment Analyst (CAIA) Association, and founding editor, AllAboutAlpha.com

"A fascinating look into the world of professional allocators. I recommend any hedge fund manager read this book to get inside the head of the folks who control where the money goes. Plus, anyone that is considering putting their money with a hedge fund will learn valuable lessons from these leaders. Not only is this book insightful it is also thoroughly entertaining."
Emma Sugarman, Head of Capital Introduction, BNP Paribas

Preface.

Acknowledgments.

About the Authors.

Part One: Evolution of the Hedge Fund Industry and Investing.

Chapter 1: The Truth about Hedge Funds: From Misunderstood Investment Vehicle to Household Word.

Chapter 2: The Investment Process: Best Practices of Successful Hedge Fund Investors.

Chapter 3: The Hedge Fund Investment Landscape: A Snapshot in Time.

Part Two: Top Hedge Fund Investors: Stories and Strategies.

Chapter 4: Author of the Hedge Fund Investing Story: Richard Elden, Founder and Former Chairman, Grosvenor Capital Management.

Chapter 5: The Predictive Value of Performance: Frank Meyer, Founder and Former Chairman, Glenwood Capital Investments.

Chapter 6: The Best Qualities of Limestone: James R. Hodge, President and Chief Investment Officer, Permal Asset Management Inc.

Chapter 7: An Asymmetrical Talent: Mark J. P. Anson, Managing Partner and Chair of the Investment Committee, Oak Hill Investment Management.

Chapter 8: Early Endowment CIO and Entrepreneur: Louis W. Moelchert, Jr., Managing Partner, Private Advisors, LLC.

Chapter 9: An Ambassador of the Highest Standard: Christopher Fawcett, Co–Founder, Senior Partner, Fauchier Partners.

Chapter 10: A Risk Management Mastermind: Deepak Gurnani, Head of Hedge Funds, Investcorp.

Chapter 11: A Driver of Returns: Kathryn A. Hall, Chairman, Chief Executive Officer and Chief Investment Officer, Hall Capital Partners.

Chapter 12: A Better Way: Ted Seides, Co–Founder, Protégé Partners.

Chapter 13: The Quality of the People: A Review and Preview.

Notes.

Index.

CATHLEEN M. RITTEREISER is the coauthor of Foundation and Endowment Investing (Wiley) and informs and educates institutional investors as a writer, speaker, and consultant. An alternative investments marketing executive with over twenty years′ experience, Rittereiser has held positions with leading financial firms, including Symphony Asset Management and Merrill Lynch. She received a BA from Franklin & Marshall College and an MBA from New York University′s Stern School of Business.

LAWRENCE E. KOCHARD, PhD, CFA, is Chief Investment Officer of the Georgetown University endowment and teaches at the McDonough School of Business at Georgetown. He is a leader in the foundation and endowment investing community and coauthor of Foundation and Endowment Investing (Wiley). Previously, Kochard was managing director of equity and hedge fund investments for the Virginia Retirement System, an adjunct finance professor at the University of Virginia, and a vice president with Goldman Sachs. He holds an MA and PhD in economics from the University of Virginia and is a CFA.