“This book tells all. It explains how [hedge funds] work. THIS IS A SERIOUS AND IMPORTANT BOOK ON THE SUBJECT AND MUST BE READ BY ANY SERIOUS INVESTOR.”

“NICHOLAS HAS DONE AN INVALUABLE SERVICE in laying out exactly how hedge funds work, who runs them, how they incorporate, their benefits and risks, and how to go about selecting one.”

“I have yet to find a book THAT DOES SUCH A GOOD JOB of demystifying an area that has been kept deliberately opaque (with good reason) by its players.”

AIMA (Alternative Investment Management
Association) Newsletter

“In light of the dramatic increase of investments in hedge funds, the recent media attention, and the widespread need to better understand these complex strategies, JOE NICHOLAS HAS CREATED A KEY INVESTOR GUIDE TO HEDGE FUNDS, including the unique and valuable perspective of having top hedge fund managers describe what they do in their own words.”

TIMOTHY J. LEACH
Former Chief Investment Officer
U.S. Trust Corporation

“Investing in Hedge Funds is the first comprehensive study of what hedge funds are and how they work. THIS IS AN ESSENTIAL BOOK FOR ALL INVESTORS CURIOUS ABOUT ALTERNATIVE INVESTMENT STRATEGIES. Joseph Nicholas details the range of investment strategies pursued by hedge fund managers and writes in a clear, lucid style. I HIGHLY RECOMMEND THIS BOOK TO ACADEMICS AND PROFESSIONALS WHO WANT TO LEARN ABOUT HEDGE FUNDS.”

PROFESSOR WILLIAM N. GOETZMANN
Director, International Center for Finance
Yale School of Management

“JOSEPH NICHOLAS PROVIDES AN EXTRAORDINARY ANALYSIS OF HEDGE FUNDS THAT CLEARLY EXPLAINS WHAT THEY ARE AND HOW THEY WORK. This book is a must-read for anyone looking to reduce investment risks and increase performance.”

WILLIAM B. NICHOLSON
Former Chairman and Chief Executive Officer
Capital Resource Advisors