The Weekend Book Review on UK-Analyst is of Hedge Fund Market Wizards: How Winning Traders Win

Hedge Fund Market Wizards: How Winning Traders Win By Jack D. Schwager A book review by James Faulkner of WatsHot.com Hedge Fund Market Wizards costs just £21.59 in the Square Mile Bookstore and can be bought by clicking here. As of April 2012 the hedge fund industry reached a record high of $2.13 trillion total assets under management, having surpassed the previous high of $1.93 trillion in 2008 before the onset of the financial crisis. While the industry remains a relatively small component of the financial sector at large (it accounted for just 1.1% of the total funds and assets held by financial institutions as of 2009), it is often said to attract the crème de la crème of industry talent, and is home to the money of the some of the richest people on the planet. Unsurprisingly then, traders and investors are keen to gain an insight into the minds of hedge fund "wizards" - and who better to open a window into them than Jack Schwager, the much-acclaimed author of Market Wizards, The New Market Wizards and Stock Market Wizards? On top of his literary pursuits, Schwager is also manages a fund of hedge fund portfolios called the Market Wizards Funds for the Fortune Group, a fund of hedge funds business based in London. Schwager uses his industry knowledge and experience to help each interviewee distil his particular trading style in much greater depth than a mere financial journalist would be able to achieve; it is even possible to detect a smattering of intellectual sparring from time to time. The book comprises 15 chapters split into three categories: "Macro Men", who generally trade commodities and forex; "Multi-Strategy Players", who take a more eclectic approach, incorporating a number of different tools to beat the market; and "Equity Traders", who specialise in shares. Equity investors may be somewhat disappointed with this last section, which is somewhat brief for my taste; but this probably reflects Schwager's own background in futures and commodities. That said, it is probably the biggest criticism I can offer. While Hedge Fund Market Wizards will certainly get a better reception among traders than investors, it is nevertheless a worthwhile read for both parties. Hedge Fund Market Wizards costs just £21.59 in the Square Mile Bookstore and can be bought by clicking here. Visit www.SquareMileBookstore.com for the ultimate range of investment, trading and business books, personally selected by investment experts, with exclusive free reviews from some of the UK's foremost investment writers.

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