Subjects / Hedge funds and alternative investments

Best books to learn Hedge funds and alternative investments, in order

Hedge fund books read very differently once you know what the strategies actually are — so start with how the industry is structured and what long/short, macro, and arbitrage funds really do, then move to the histories of famous funds and blowups, then to risk and due diligence. Read the LTCM story before the hero narratives. And a standing caution: these are high-fee, high-risk vehicles, and most retail investors are better served understanding them than imitating them.

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Reading paths for hedge funds and alternative investments

Popular hedge funds and alternative investments books

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Frequently asked questions

How should I approach learning hedge funds and alternative investments?
Hedge fund books read very differently once you know what the strategies actually are — so start with how the industry is structured and what long/short, macro, and arbitrage funds really do, then move to the histories of famous funds and blowups, then to risk and due diligence. Read the LTCM story before the hero narratives. And a standing caution: these are high-fee, high-risk vehicles, and most retail investors are better served understanding them than imitating them.
What's a good book to start hedge funds and alternative investments with?
A strong starting point is Merger Masters by Mario Gabelli. The ordered reading paths above show exactly where it fits and what to read next.
What should I read after hedge funds and alternative investments?
Once you have the fundamentals, explore closely related subjects like Algorithmic trading, Trading psychology, Design thinking.

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