Diary of a Hedge Fund Manager: From the Top, to the Bottom, and Back Again
Diary of a Hedge Fund Manageris an insider's view of the high-stakes money management world. In a distinctly straightforward and, at times, humorous style, Keith McCullough and Rich Blake take you on the journey of a young and successful hedge fund manager and former junior hockey player from Thunder Bay, Ontario, as he gets recruited to the Ivy League, stumbles onto the nexus of the hedge fund universe, and then gets a crack at running his own pile—becoming one of the best young portfolio managers on the Street.But when the young portfolio manager finds himself working for one of the world's most prestigious firms—helping to run their hedge fund operation just as the market is starting to crack in 2007—McCullough becomes a lonely voice of reason in a world that rewards groupthink and disregards the adage about past performance having no bearing on future results. When McCullough finds himself shown the door, the story takes a fascinating turn into the world of independent research and no-holds-barred criticism.Page by page, this fast-paced ride through the world of hedge funds reveals the unvarnished truth of how Wall Street and hedge funds really operate and offers real-world investment lessons you can take away and put to good use.Written with the authority of someone who knows how Wall Street and hedge funds work, yet accessible to even a casual follower of finance,Diary of a Hedge Fund Managermixes a constructive critique of the investment industry with fundamental lessons that any investor will find valuable.