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In 1990 hedge funds managed some $39 billion of assets. By late 2006 that figure had grown to $1.3 trillion. That is a staggering increase. Equally staggering is the amount of money successful hedge fund managers earn. This book presents a survey of the hedge fund industry.
Philip Coggan writes about financial markets for The Economist having previously worked for 20 years for the Financial Times and been its Investment Editor. He is the author of The Money Machine: How the City Works and Easy Money.