Book

Released in February 2016

240 pages

Published by Wiley


Overview

So You Want to Start a Hedge Fund provides critical lessons and thoughtful insights to those trying to decipher the industry, as well as those seeking to invest in the next generation of high performers. This book foregoes the sensational, headline-grabbing stories about the few billionaire hedge fund managers to reach the top of the field. Instead, it focuses on the much more common travails of start-ups and small investment firms. The successes and failures of a talented group of competitive managers—all highly educated and well trained—show what it takes for managers and allocators to succeed. These accounts include lessons on funding, team development, strategy, performance, and allocation.

Praise (More Praise Below)

Part technical manual, part detailed chronicle of modern money management history, and part personal reflections from the investing world front lines, So You Want to Start a Hedge Fund is a must read for allocators, industry veterans, aspiring managers, and everyday investors. Ted Seides has crafted a definitive guide to one of the 21st century’s most dynamic and opaque industries.

—Scott Bessent, Former CIO, Soros Fund Management, and Founder and CIO, Key Square Group

Learn More about the Book

Product Details

Hardcover: 240 pages

Publisher: Wiley (February 2016)

Language: English

ISBN-10: 1119134188

ISBN-13: 978-1119134183

Shipping Weight: 1.5 pounds

Praise

I strongly recommend this superb book for anyone who is interested in starting a hedge fund, investing in one, or is already in the business. One can learn an enormous amount from Ted’s experience analyzing hundreds of start-up funds and from the many case studies he shares in the book.

—William A. Ackman,CEO, Pershing Square Capital


Part technical manual, part detailed chronicle of modern money management history, and part personal reflections from the investing world front lines, So You Want to Start a Hedge Fund is a must read for allocators, industry veterans, aspiring managers, and everyday investors. Ted Seides has crafted a definitive guide to one of the 21st century's most dynamic and opaque industries.

—Scott Bessent,Former CIO, Soros Fund Management, and Founder and CIO, Key Square Group


A must read. Ted does an outstanding job explaining in clear language how to stay ahead of the curve in today’s hyper-competitive golden age of hedge funds. I wish I had access to this book when I started allocating capital.

—Anthony Scaramucci,Founder and Co-Managing Partner, Skybridge Capital, and host of Wall Street Week


There are virtually no books on the topic of how to pick individual hedge fund managers, so this is a must read for any asset allocator, whether a professional or a high net worth investor. In fact, all aspiring or current managers would also benefit from reading this book. Ted shares his wisdom from two decades of investing in hedge funds of all types and sizes, with particular insight into investing in early stage managers.

—Jonathan A.G. AuerbachHound Partners


There is no one better-equipped than Ted Seides to author a book on starting a hedge fund. From his early training at the Yale Investment Office to his instrumental role at Protégé Partners backing some of the best and brightest investment managers, Ted has forgotten more than most of us will ever know about the challenges of launching a fund. His refreshingly honest insights will resonate with readers of all backgrounds.

—David Z. Solomon,Managing Director, Goldman Sachs Investment Partners


Ted Seides’ extensive experience in identifying and supporting emerging hedge fund teams provides him with a unique insight into the hedge fund industry and valuable lessons for investors in the asset class. His book provides an interesting view into the challenges and opportunities for astute investors.

—Paula Volent,Senior Vice President for Investments, Bowdoin College


Launching a new hedge fund in this hyper-competitive era is a difficult journey riddled with many landmines. Unfortunately, many of these landmines are counterintuitive and cannot be easily avoided. As a seasoned allocator to emerging managers and hedge funds, Ted has seen it all—the good, the bad and the ugly. His book is a treasure trove of wisdom for managers and allocators with many digestible, real-life lessons and vignettes to aid not only in avoiding the landmines, but also in how to thrive. This is must reading for anyone looking to build a fund or allocate to newer ones.

—Jason H. Karp,Founder and CEO, Tourbillon Capital Partners


Through an engaging set of lenses, this short book captures the key issues firms and allocators face in creating and managing their organizations and businesses. It’s about leadership, organizational design, marketing, and client relations. It’s about talent spotting and management. It’s about the essence of the industry. The case study format and clear takeaways make this book an easy read. Hedge fund managers who heed Ted’s advice will create better and longer lasting firms; allocators will become better investors.

—Andre F. Perold,Founder and CIO, HighVista Strategies, and George Gund Professor of Finance and Banking, Emeritus, Harvard Business School

Press

Review on Market Folly

—Market Folly (Review), August 16, 2016


Interview on Opalesque TV

—Opalesque TV (Video), May 5, 2016


Forbes Article on How to Start a Hedge Fund

—Forbes (Article), May 2, 2016


Lessons from the Hedge Fund World

—Bloomberg (Video), April 5, 2016