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- Wiley
More About This Title Inside the House of Money, Revised and Updated: Top Hedge Fund Traders on Profiting in the Global Markets
- English
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This updated paperback edition of Inside the House of Money lifts the veil on the typically opaque world of hedge funds offering a rare glimpse at how today's highest paid money managers approach their craft. Now with new commentary, author, Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies and approaches to markets.
Whereas some still maintain that rationality permeates financial markets, Drobny captures a different dimension, showing how the unquantifiable human forces of emotion and intuition are also at play. Along the way, readers get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades.
- Discusses how no market or instrument is out of bounds for these elite global macro hedge fund managers
- Offers unique and illuminating insight into an inaccessible and sometimes downright secretive world
- Written by respected industry expert Steven Drobny
Highly accessible and filled with in-depth expert opinion, this updated paperback edition of Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding how greed, fear, and the human forces of emotion drive world markets.
- English
English
STEVEN DROBNY is the founder and CEO of Drobny Global Asset Management, an independent investment advisory, asset management and consulting firm focused on global macro and commodity hedge fund strategies. He is also the author of The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, andReal Money(Wiley). Mr. Drobny holds an MSc in finance and accounting from the London School of Economics and Political Science and a BS/BA from Bucknell University. Please visit www.drobnycapital.com for more information on Drobny and this book.
- English
English
Foreword by Niall Ferguson ix
Preface xi
Preface to the 2009 Edition xv
Preface to the 2006 Edition xvii
1. Introduction to Global Macro Hedge Funds:Joseph G. Nicholas (HFR Group) 1
2. The History of Global Macro Hedge Funds 5
3. The Future of Global Macro Hedge Funds 31
4. The Family Offi ce Manager: Jim Leitner (Falcon Management) 35
5. The Prop Trader: Christian Siva-Jothy (SemperMacro) 85
6. The Treasurer: Dr. John Porter (Barclays Capital) 117
7. The Central Banker: Dr. Sushil Wadhwani (Wadhwani Asset Management) 145
8. The Dot-Commer: Peter Thiel (Clarium Capital) 165
9. The Floor Trader: Yra Harris (Praxis Trading) 183
10. The Pioneer: Jim Rogers 201
11. The Commodity Specialist: Dwight Anderson (Ospraie Management) 225
12. The Stock Operator: Scott Bessent (Bessent Capital) 253
13. The Emerging Market Specialist: Marko Dimitrijevic´ (Everest Capital) 273
14. The Fixed Income Specialists: David Gorton and Rob Standing (London Diversifi ed Fund Management) 293
15. The Currency Specialist: Anonymous 309
Conclusion 325
Appendix: A Note to Investors about Global Macro 327
Acknowledgments 329
Bibliography 331
Index 335