Book Review 2011 - In Defence of Hedge Funds

Author(s): Central Bank Of Barbados

Created 30 Jun, 2011
Categories Book Reviews
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“Mallaby provides an entertaining and authoritative retrospective on hedge funds, from their modest beginnings soon after World War II. He traces their roots back to J M Keynes himself, arguing that Keynes’ investment strategy over the period 1924-46 involved speculating in currencies, bonds and equities on a global scale, both long and short, using leverage, which is the principle underlying the hedge fund strategy. After World War 2 stable currencies and prices caused that particular investment strategy to die out, and hedge funds found other markets in which they could apply a similar strategy.

Book Review - In Defence of Hedge FundsA Review (June 2011).pdf (579.21 KB)
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