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Aug 10, 2006 1:01 am

I was just wondering what you guys think? Do you like them, hate them,
or what? We all know they have the biggest market presence since they
are so actively traded. When you invest, much less someone else’s money
you have to think about their impact. Just looking for some feedback.

Aug 10, 2006 1:22 am

My firm won’t allow hedge funds - I don’t know much about them except they are fairly unregulated.

Aug 10, 2006 2:08 am

rook, your question is kind of vague.  Can you be more specific?

In the meanwhile, let me give you 3 resources to do some investigating.

The first is a book by Mark Anson called "The handbook of alternative assets". Anson was former CIO of Calpers and recenty left.  This book is a good breakdown of funds, PE, and commodities.  Its also on the curriculum for the CAIA

2) Chartered Alternative Investement Analyst (www.CAIA.org).  Its a new designation (3 years?) that addresses the growing alternative investment (AI) world.  A good compliment to CFA, but much easier to obtain.  The academic think tank is Amherst.

3) check out Albourne Village (google them for the web address-its a little different than dot com).  Its a UK based site that focuses on hedge fund and other AI.  Good source of news, questions, and much more.

Send me a private message if you need more info.

Aug 11, 2006 1:54 am

what's a hedge fund?

Oh wait, I work for Ed Jones. Sorry.

Aug 11, 2006 2:03 am

I got a chuckle out of that