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Books may seem old school, but still they serve the purpose of soaking in the most important concepts in any area you want to master. If you are interested in hedge fund and can see yourself building career blocks, you may consider these top 10 hedge fund books that will aid you in learninghedge fundcomprehensively.

These books are well-researched and the authors have used many practical examples while writing these books. We are sequencing these books according to an order that you would find useful and can follow the same if you wish to.

Without much ado, lets dive in and see in brief the best 10 hedge fund books.

If you are new to hedge funds, we strongly recommend that you start with this book. This hedge fund book gives a wide overview of the industry which will help you see the big picture. Lets look at the review and the best takeaways from the book.

The book about hedge fund begins with a wide overview of market theories giving specifics about efficient markets, merits & demerits of random walk theory, diversification theory and more. After that this book will talk aboutinvestment tools available to hedge funds, for example, going for long and short on share prices and volatility. You will also learn how to run a fund and its intricate details in regards to operational, financial and legal details.

This book about hedge fund is particularly useful for beginners. If youre one of those who are just starting out in hedge fund, this book will act as a nice primer for you.  The questions that are given are easy to understand and there are many basic concepts lucidly provided which will help you build your foundational knowledge in hedge fund. But dont think that its too basic. It will also introduce you to portfolio theories which will be useful in your profession later on. Put simply, a great book to start your journey in hedge funds.

Dummies series of books are the best if you want to learn anything new. This book will also help you understand hedge funds in detail. Lets have a glance at the review and the best takeaways of the book.

From the title this book may seem a little dull, but once you start reading this book you would understand that this book doesnt only cover basics but also consists of a good overview of hedge funds. Most of the books which are written on hedge funds are either by academicians or practitioners. But this book takes a balanced approach between the two which helps people understand the hedge fund in a more lucid way. If you want to find the basic answers on hedge funds and would like to begin by a book, this book will surely fit the bill (except the previous book we recommended).

You will learn the following from this great hedge fund book

You would be able to do a due diligence on your hedge fund.

You would learn to set up yourhedge fund strategywith ease.

You will get to know about your tax liability.

You will also learn legislation affecting hedge funds.

Moreover, you will also get to know how you can avoid the mistakes of failed hedge funds.

Finally, you will learn to calculate return and risk, evaluate your performance and analyse hedge funds.

Wiley Finance books are known for their quality and standard of production. This book is no exception. You will find jewels in this book. Lets find out about the review and best takeaways of the book.

This book is as little as to fit into your back pocket. But dont judge the book by its size. Its a great book if you are not particularly fond of Wall Street mumbo jumbo. This book talks about the history of hedge funds as well as the evolution so you would get a lot of back-story to remember. The author has also included several segments on interviews with industry giants, due diligence questionnaires which make this book unique. Its not particularly useful for people who are looking for charts, spread-sheets or algorithms but its written for everyone who wants to understand hedge funds.

This book about hedge fund needs to be read for the following reasons

This book is for everybody especially those who would like to understand hedge fund in the witty way. The author explains that the future of hedge funds is in providing transparency to attract more investors.

It will also bust few myths about hedge funds.

It will also talk about various financial instruments like short selling, hedging and leverage.

Moreover, it will also talk about how the hedge funds evolved and why investors need to be aware of the evolution.

This is an all-in-one book on hedge funds. In this book, you will learn the trade secrets and will be able to apply whatever you learn. Lets get to the meat of the book.

This book is a conglomeration of ten separate chapters which are written by industry experts. Treat each chapter as a small book in itself. Fromvarious hedge fund strategiesto evaluating performance, from understandingconvertible arbitrage, fixed-income arbitrage to risk management of hedge funds, this book will go in great detail. This book is not for layman; rather its particularly useful for finance professionals.

The following are the reasons for which you should pick up this book

This book is created by IMCA (Investment Management Consultants Association) which means that the final product is the brain child of so many experienced professionals who have spent years in the hedge fund industry.

This book is much more in-depth and offers practical insights for people who have some know-how about the industry.

Each chapter talks about the pros and cons of the particular category and clarify key issues which help in connecting the missing links in the hedge fund industry.

This book is for you if you would like to form and manage a successful hedge fund step by step. Lets see the review and the best takeaways of the book.

Imagine you are a beginner in hedge fund and you would like to form and manage your own hedge fund. This hedge fund book will show you how to do that. This guide will include core topics like how you would be able to choose your auditor, administrator and attorney, how you would market your fund while maintaining appropriate compliance, what documents you need to offer and more. It will give you a completely different perspective on hedge funds.

This hedge fund book is useful for those who are thinking of setting up their hedge funds. It includes an entire gamut of information regarding legal issues and framework which makes things easier for the readers. The most important reason for which this book is considered a rare gem is because of its approach and scope of topics included in it.

A Training Manual for Professionals and Capital-Raising Executives (Wiley Finance)

This book is another, much more comprehensive guide on setting up and managing hedge funds. This is another Wiley Finance book and once you start reading it, you will understand the value of it. Lets get to the review and the best takeaways of the book.

This advanced hedge fund book is very useful for people who have some knowledge in hedge funds and would like to operate, raise capital and invest in hedge funds. What makes this book stand out is its case study approach. Most people learn best when they are given a practical example and explained the theory in regards to the real life example. You will also learn to analyse funds within different phases of life cycles and investment processes.

You will learn everything about this industry in case study format.

This book is written by an authority who is the head of one of the largest hedge fund groups with more than 30,000 members.

You will understand the value of situation analyses and would be able to test your knowledge in each section.

This book is required to read in CHP (Certified Hedge Fund Professional) Designation.

This is a completely different book that you usually find in the market on hedge funds. This is of 549 pages and covers a lot of back-stories of hedge fund traders.

How would you learn best? You will learn best when the industry experts in a field tell you their secrets of success and you apply them in your own life or business. Treat this book in the same light as this book is a comprehensive guide containing several interviews with traders and many lessons on hedge fund trading. But this book is not for the newbies so if you want to pick up this book, have some books on hedge funds beforehand to understand the basic concepts.

You will get 15 interviews with hedge fund traders who will frankly share their secrets of success and reasons for failures.

You will also learn 40 key lessons if youre interested in hedge fund trading.

You will also get to know many behind the scenes stories which are rarely covered by any hedge fund book.

This book will entice you if youre particularly interested in the history of hedge funds. Lets have a look at the review and best takeaways of the book.

This book has taken a different approach in explaining hedge funds and its managers. If you read this book, you will find that why hedge funds manager better risk than any banks and other financial institutions along with the evolution of hedge funds in the earlier years. From 1960s to 2007 & 2009, this book talks a lot about behind the scene stories and why beating the market is not impossible anymore.

People who have read this top hedge fund book have recommended among the top 10 books they have ever read on finance. And they mentioned that its a must read for people who are involved in financial industry by any means.

As you read along the book, you will find a chord that connect todays hedge fund market with when it got started in 1950-60 byAlfred Winslow Jones.

What They are, What They Do, Their Risks, Their Advantages

This is another in-depth study of hedge funds. Have a look at the review and the best takeaways.

Hedge fund managers are now called masters of universe because they earn more than anyone can imagine. And the best of the best earn more than the average financial manager can ever think of. The author has bridged the gap between a layman and a potential hedge fund manager (if you ever imagine yourself to be in near future). You will get to know every tiny aspect of hedge fund in clear and concise manner. In a word, this book is un-put-down-able.

The author writes theButtonwood column for The Economist, so you can be assured about the end product.

There are six chapters in the book which will cover hedge fund taxonomy, the players, funds-of-funds, hedge fund regulation, hedge funds: for and against and the future of hedge funds. Most people have heard about hedge funds, but very few have the idea what hedge fund is and how it is operated. You will find your answers here.

This is another un-put-down-able book on hedge fund. Have a look at the review and the best takeaways.

Hedge funds have earned a bad name as unsafe investments. However, the investors face significant challenges while investing in hedge funds. In this book, industry expert Joseph G. Nicholas talks about how these funds operate, the benefits, the risks and the criteria needed to be used and due diligence required to select appropriate funds. If you want to invest in hedge funds, this is your go-to-guide without a tinge of doubt.

This is the most comprehensive guide on hedge funds for investors.

The author wrote in a case-study approach which will make even a layman understand about the hedge fund investments.

The authors historical analysis will enable a strong interest in hedge fund investments and make people go beyond the thing called unsafe investments.

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Filed Under:Asset Management in FinanceHedge Funds Basics

worked as JPMorgan Equity Analyst, ex-CLSA India Analyst ; edu qualification – engg (IIT Delhi), MBA (IIML); This is my personal blog that aims to help students and professionals become awesome in Financial Analysis. Here, I share secrets about the best ways to analyze Stocks, buzzing IPOs, M&As, Private Equity, Startups, Valuations and Entrepreneurship.

Really very informative and briefly explained. And I would also like to thank u for giving Author details and their ratings. Great work. I would also like to read Finance books. Sir please share me if you have any best books related to finance. Thanks

Many thanks. I am glad you liked it and also you found it useful. Her is the list ofBest finance booksthat you needed.

Wonderful article. Thanks for providing such a useful and well researched list of Hedge Fund Books. I would also like to know if you have same well researched and brief explained books on Private Equity.

Thanks George! Yes, I have earlier written on theBest Private Equity Bookswhich you must read definitely and I am sure you will like this too. Anything else then please let me know.

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