Title Details

Dr. SAM KIRSCHNER is a founder and Managing Director of Mayer & Hoffman Capital Advisors, LLC, a registered investment advisor that creates and manages portfolios of emerging/newer and specialty hedge funds for institutions and family offices. Dr. Kirschner comes to the alternative investment field via a long and distinguished career as a management consultant and corporate psychologist focusing on the real estate and financial services sectors. He is an adjunct faculty member at New York University and formerly at The Wharton School. He has extensive experience serving on the boards of both private and publicly held companies and not-for-profit institutions.

ELDON MAYER is a founder and the Senior Managing Member of Mayer & Hoffman Capital Advisors, LLC. He graduated from Princeton University with a degree in economics and served as an officer in the U.S. Marine Corps. Early in his Wall Street career, he developed the idea of an open-end mutual fund hedge fund, brought it to market, and served as its manager. In 1976, he founded Lynch & Mayer, Inc., whose investment performance ranked near the top of its peer group as its assets grew to $7 billion. In addition to serving as Lynch & Mayer's Chairman, CEO, and CIO, he managed institutional equity and hedge fund portfolios.

LEE KESSLER is a business writer and consultant specializing in finance. His clients include MasterCard International and Reuters Analytics.

Foreword John Mauldin.

Acknowledgments.

CHAPTER 1. The Case for Hedge Funds.

CHAPTER 2. The Directional Strategies: Equity Long/Short.

Interview: Craig Colberg, Rivanna Partners, LP.

CHAPTER 3. The Directional Strategies: Managed Futures.

Interview: Michael P. Dever, Brandywine Diversified Futures Program.

CHAPTER 4. The Directional Strategies: Global Macro.

Interview: Peter Thiel, Clarium Capital Management.

CHAPTER 5. The Event-Driven Strategies: Merger Arbitrage, Special Situations.

Interview: Mickey Harley, Mellon HBV Alternative Strategies, LLC.

CHAPTER 6. The Event-Driven Strategies: Distressed Securities.

Interview: Rob Petty, Clearwater Capital Partners Opportunities Fund.

CHAPTER 7. The Relative Value Arbitrage Strategies: Equity Market Neutral.

Interview: John Schmitz, SciVest Capital Management.

CHAPTER 8. Convertible Arbitrage.

Interview: Peter deLisser, Sage Capital.

CHAPTER 9. Fixed Income Arbitrage.

Interview: Michael “Boris” Pasternak, Pinewood Credit Markets, LP.

CHAPTER 10. The Newer Strategies.

CHAPTER 11. The Search for Alpha.

CHAPTER 12. Funds of Hedge Funds.

Interview: Matthew Hoffman, Mayer & Hoffman Capital Advisors, LLC.

CHAPTER 13. Due Diligence Best Practices.

Interview: Terry Bilkey, BilkeyKatz Investment Consultants.

EPILOGUE What’s Ahead for Hedge Funds?

APPENDIX A: Directory of Interviewees.

APPENDIX B: Qualitative Due Diligence Scorecard.

APPENDIX C: Quantitative Due Diligence Scorecard.

APPENDIX D: Major Hedge Fund Databases and Indices.

APPENDIX E: Hedge Fund Industry Web Sites and Publications.

Notes.

Bibliography.

About the Authors.

Index.