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Title: A good book overall
Review: In the recent flood of often useless books aimed at investors this book stands out as a little gift. It provides a clear and detailed introduction to hedge funds useful to investors and to anybody with an interest in understanding how hedge funds work. The book is math-free, but thinking is not optional. I like the summary of hedge fund strategies and the description of their returns and weights in the universe of hedge funds. Unfortunately, one has to hope that the chapter and the charts will be updated frequently for they will be soon obsolete. As this book definitely deserves to see more editions, I hope that the author will go through the trouble to include both more examples and more details for each of the eleven strategies. That would definitely make the book more appealing to those readers with sophisticated backgrounds and useful to be used in classrooms as well.
