Hedge Hunters: How Hedge Fund Masters Survived (Bloomberg Series) »

Katherine Burton has been a reporter at Bloomberg News since 1993, covering hedge funds and investment management. Before joining Bloomberg, she wrote for the International Herald Tribune and U.S. News & World Report. She has an MBA from New York University and is a winner of the 2001 Society of American Business Editors and Writers Award for breaking news, and the 2005 New Jersey Chapter of the Society of Professional Journalists Award for Excellence in Journalism for business writing.

Hedge Hunters has been one of the most important and best-selling books on hedge funds since its debut in November 2007. Since then, the financial markets have been turned upside down, posing unprecedented challenges to hedge fund managers. This revised and updated edition deals with those changes with all the insight and knowledge that made the original edition so successful. Katherine Burton has written a new preface and has updated each chapter with a discussion of how the fund was affected by the downturn, the manager’s strategies for coping with the ongoing turbulence, and how the fund survived.

Preface to the 2009 Edition xi

Preface to the 2007 Edition xiv

Acknowledgments xix

Chapter 1 Introduction

What It Takes to Be the Best Mark Yusko 01

Chapter 2 Masters

A Passion for Performance Michael Steinhardt 15

Chapter 3 Steinhardt's Pick

Reasoned and Unrattled John Armitage 29

Chapter 4 Masters

An Intolerance for Losing Marc Lasry 41

Chapter 5 Lasry's Pick

A Grip on Risk Craig Effron 55

Chapter 6 Masters

A Stock Picker, Pure and Hardly Simple Lee Ainslie 69

Chapter 7 Ainslie's Pick

The Big Time in Small Caps Bernay Box 85

Chapter 8 Masters

The Imperturbable Oilman Boone Pickens 99

Chapter 9 Pickens's Picks

A Place at the Table Brian Bradshaw David Meaney Michael Ross Alex Szewczyk 109

Chapier 10 Masters

Doyens of Debt Josh Friedman Mitch Julis 117

Chapter 11 Friedman's And Julis's Picks

Leaving Little to Chance Jeffrey Schachter Burton Weinstein 131

Chapter 12 Masters

The Phoenix Phenomenon Dwight Anderson 145

Chapter 13 Anderson's Pick

Fruits of Firsthand Knowledge Roberto Mignone 157

Chapter 14 Anderson's Pick

Mastering a Changing Market Bruce Ritter 171

Chapter 15 Masters

Encores Julian Robertson 181

Chapter 16 Masters

Out on the Short-Selling Limb Jim Chanos 189

Chapter 17 Masters

A Manager's Manager Richard Perry 205

Chapter 18 Masters

Newfound Restraint Daniel Loeb 219

Index 233