A Hedge Fund Tale of Reach and Grasp: Or What's a Heaven for
by Barton Biggs
Financial legend Barton Biggs' fictional account of the hedge world and the broader workings of Wall StreetBarton Biggs' latest book is an inspirational rags to riches story of drive and financial talent. Told through the eyes of a fictional insider, this engaging story provides a detailed look at the hedge fund business in the late 1990s and through the first decade of th...more
ebook, 352 pages
Published December 3rd 2010 by John Wiley & Sons
(first published August 2nd 2010)
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Another good book from Barton Biggs. The author describes the up and down ride of a fictional statistical arbitrage hedge fund manager investing using value with momentum style. The protagonist started his business at perfect time when value style regain its fashion after the tech bubble and went bust during quant meltdown in 2007. His personal wealth was more than 100 million at one time but he left the industry with less than 15 million. Nice read to learn more about hedge fund manager's life....more
I listened to the unabridged version of this book on audio while driving home from Bend, Oregon. I had also just finished the book, An American Hedge Fund. Mr. Biggs book is a fictional account of a hedge fund that booms and then busts....not an uncommon fate within the hedge fund industry. The story is realistic and insightful, but not all that interesting. I would not recommend.