Author: Matt Ruff
Publisher: Harper Collins
ISBN: 0062097938
Category : Fiction
Languages : en
Pages : 343
Book Description
A mind-bending novel in which an alternate history of 9/11 and its aftermath uncovers startling truths about America and the Middle East 11/9/2001: Christian fundamentalists hijack four jetliners. They fly two into the Tigris & Euphrates World Trade Towers in Baghdad, and a third into the Arab Defense Ministry in Riyadh. The fourth plane, believed to be bound for Mecca, is brought down by its passengers. The United Arab States declares a War on Terror. Arabian and Persian troops invade the Eastern Seaboard and establish a Green Zone in Washington, D.C. . . . Summer, 2009: Arab Homeland Security agent Mustafa al Baghdadi interrogates a captured suicide bomber. The prisoner claims that the world they are living in is a mirage—in the real world, America is a superpower, and the Arab states are just a collection of "backward third-world countries." A search of the bomber's apartment turns up a copy of The New York Times, dated September 12, 2001, that appears to support his claim. Other captured terrorists have been telling the same story. The president wants answers, but Mustafa soon discovers he's not the only interested party. The gangster Saddam Hussein is conducting his own investigation. And the head of the Senate Intelligence Committee—a war hero named Osama bin Laden—will stop at nothing to hide the truth. As Mustafa and his colleagues venture deeper into the unsettling world of terrorism, politics, and espionage, they are confronted with questions without any rational answers, and the terrifying possibility that their world is not what it seems. Acclaimed novelist Matt Ruff has created a shadow world that is eerily recognizable but, at the same time, almost unimaginable. Gripping, subversive, and unexpectedly moving, The Mirage probes our deepest convictions and most arresting fears.
The Mirage
Author: Zay N. Smith
Publisher: Random House (NY)
ISBN:
Category : History
Languages : en
Pages : 284
Book Description
Published two years after their award-winning newspaper series, this is the compelling, day-by-day account of two Sun-Times reporters who infiltrated the small businessman's world to expose corruption within the Chicago government. Zekman and Smith bought The Mirage tavern, then sat back and recorded the parade of city inspectors, liquor vendors, tradesmen, and others with their sticky fingers extended. With evidence in hand, they shut down the bar and wrote a series of articles that have never been matched in intensity and long-term effect. The Mirage became synonymous with Chicago corruption. The journalistic accolades also flowed in, but the Zekman and Smith's bid for the biggest-the Pulitzer Prize-was torpedoed, perhaps by jealous colleagues at another major metropolitan paper. This edition includes a new afterword by the authors.
Publisher: Random House (NY)
ISBN:
Category : History
Languages : en
Pages : 284
Book Description
Published two years after their award-winning newspaper series, this is the compelling, day-by-day account of two Sun-Times reporters who infiltrated the small businessman's world to expose corruption within the Chicago government. Zekman and Smith bought The Mirage tavern, then sat back and recorded the parade of city inspectors, liquor vendors, tradesmen, and others with their sticky fingers extended. With evidence in hand, they shut down the bar and wrote a series of articles that have never been matched in intensity and long-term effect. The Mirage became synonymous with Chicago corruption. The journalistic accolades also flowed in, but the Zekman and Smith's bid for the biggest-the Pulitzer Prize-was torpedoed, perhaps by jealous colleagues at another major metropolitan paper. This edition includes a new afterword by the authors.
Mirage
Author: Somaiya Daud
Publisher: Flatiron Books
ISBN: 1250126444
Category : Young Adult Fiction
Languages : en
Pages : 384
Book Description
“A refreshing and unique coming-of-age story...a beautiful and necessary meditation on finding strength in one’s culture.” —Entertainment Weekly, Top Pick of the Month “A YA marvel that will shock breath into your lungs. If you loved The Wrath and the Dawn and Children of Blood and Bone, Mirage will captivate you.” —The Christian Science Monitor “This debut fantasy has what it takes to be the next big thing in sci-fi/fantasy.” —SLJ, starred review “Immersive, captivating.” —ALA Booklist, starred review In a world dominated by the brutal Vathek empire, eighteen-year-old Amani is a dreamer. She dreams of what life was like before the occupation; she dreams of writing poetry like the old-world poems she adores; she dreams of receiving a sign from Dihya that one day, she, too, will have adventure, and travel beyond her isolated home. But when adventure comes for Amani, it is not what she expects: she is kidnapped by the regime and taken in secret to the royal palace, where she discovers that she is nearly identical to the cruel half-Vathek Princess Maram. The princess is so hated by her conquered people that she requires a body double, someone to appear in public as Maram, ready to die in her place. As Amani is forced into her new role, she can’t help but enjoy the palace’s beauty—and her time with the princess’ fiancé, Idris. But the glitter of the royal court belies a world of violence and fear. If Amani ever wishes to see her family again, she must play the princess to perfection...because one wrong move could lead to her death.
Publisher: Flatiron Books
ISBN: 1250126444
Category : Young Adult Fiction
Languages : en
Pages : 384
Book Description
“A refreshing and unique coming-of-age story...a beautiful and necessary meditation on finding strength in one’s culture.” —Entertainment Weekly, Top Pick of the Month “A YA marvel that will shock breath into your lungs. If you loved The Wrath and the Dawn and Children of Blood and Bone, Mirage will captivate you.” —The Christian Science Monitor “This debut fantasy has what it takes to be the next big thing in sci-fi/fantasy.” —SLJ, starred review “Immersive, captivating.” —ALA Booklist, starred review In a world dominated by the brutal Vathek empire, eighteen-year-old Amani is a dreamer. She dreams of what life was like before the occupation; she dreams of writing poetry like the old-world poems she adores; she dreams of receiving a sign from Dihya that one day, she, too, will have adventure, and travel beyond her isolated home. But when adventure comes for Amani, it is not what she expects: she is kidnapped by the regime and taken in secret to the royal palace, where she discovers that she is nearly identical to the cruel half-Vathek Princess Maram. The princess is so hated by her conquered people that she requires a body double, someone to appear in public as Maram, ready to die in her place. As Amani is forced into her new role, she can’t help but enjoy the palace’s beauty—and her time with the princess’ fiancé, Idris. But the glitter of the royal court belies a world of violence and fear. If Amani ever wishes to see her family again, she must play the princess to perfection...because one wrong move could lead to her death.
The China Mirage
Author: James Bradley
Publisher: Hachette+ORM
ISBN: 0316196665
Category : History
Languages : en
Pages : 414
Book Description
From the bestselling author of Flags of our Fathers, Flyboys, and The Imperial Cruise, a spellbinding history of turbulent U.S.-China relations from the 19th century to World War II and Mao's ascent. In each of his books, James Bradley has exposed the hidden truths behind America's engagement in Asia. Now comes his most engrossing work yet. Beginning in the 1850s, Bradley introduces us to the prominent Americans who made their fortunes in the China opium trade. As they -- -good Christians all -- -profitably addicted millions, American missionaries arrived, promising salvation for those who adopted Western ways. And that was just the beginning. From drug dealer Warren Delano to his grandson Franklin Delano Roosevelt, from the port of Hong Kong to the towers of Princeton University, from the era of Appomattox to the age of the A-Bomb, The China Mirage explores a difficult century that defines U.S.-Chinese relations to this day.
Publisher: Hachette+ORM
ISBN: 0316196665
Category : History
Languages : en
Pages : 414
Book Description
From the bestselling author of Flags of our Fathers, Flyboys, and The Imperial Cruise, a spellbinding history of turbulent U.S.-China relations from the 19th century to World War II and Mao's ascent. In each of his books, James Bradley has exposed the hidden truths behind America's engagement in Asia. Now comes his most engrossing work yet. Beginning in the 1850s, Bradley introduces us to the prominent Americans who made their fortunes in the China opium trade. As they -- -good Christians all -- -profitably addicted millions, American missionaries arrived, promising salvation for those who adopted Western ways. And that was just the beginning. From drug dealer Warren Delano to his grandson Franklin Delano Roosevelt, from the port of Hong Kong to the towers of Princeton University, from the era of Appomattox to the age of the A-Bomb, The China Mirage explores a difficult century that defines U.S.-Chinese relations to this day.
The Mirage Factory
Author: Gary Krist
Publisher: Crown
ISBN: 0451496396
Category : History
Languages : en
Pages : 434
Book Description
From bestselling author Gary Krist, the story of the metropolis that never should have been and the visionaries who dreamed it into reality Little more than a century ago, the southern coast of California—bone-dry, harbor-less, isolated by deserts and mountain ranges—seemed destined to remain scrappy farmland. Then, as if overnight, one of the world’s iconic cities emerged. At the heart of Los Angeles’ meteoric rise were three flawed visionaries: William Mulholland, an immigrant ditch-digger turned self-taught engineer, designed the massive aqueduct that would make urban life here possible. D.W. Griffith, who transformed the motion picture from a vaudeville-house novelty into a cornerstone of American culture, gave L.A. its signature industry. And Aimee Semple McPherson, a charismatic evangelist who founded a religion, cemented the city’s identity as a center for spiritual exploration. All were masters of their craft, but also illusionists, of a kind. The images they conjured up—of a blossoming city in the desert, of a factory of celluloid dreamworks, of a community of seekers finding personal salvation under the California sun—were like mirages liable to evaporate on closer inspection. All three would pay a steep price to realize these dreams, in a crescendo of hubris, scandal, and catastrophic failure of design that threatened to topple each of their personal empires. Yet when the dust settled, the mirage that was LA remained. Spanning the years from 1900 to 1930, The Mirage Factory is the enthralling tale of an improbable city and the people who willed it into existence by pushing the limits of human engineering and imagination.
Publisher: Crown
ISBN: 0451496396
Category : History
Languages : en
Pages : 434
Book Description
From bestselling author Gary Krist, the story of the metropolis that never should have been and the visionaries who dreamed it into reality Little more than a century ago, the southern coast of California—bone-dry, harbor-less, isolated by deserts and mountain ranges—seemed destined to remain scrappy farmland. Then, as if overnight, one of the world’s iconic cities emerged. At the heart of Los Angeles’ meteoric rise were three flawed visionaries: William Mulholland, an immigrant ditch-digger turned self-taught engineer, designed the massive aqueduct that would make urban life here possible. D.W. Griffith, who transformed the motion picture from a vaudeville-house novelty into a cornerstone of American culture, gave L.A. its signature industry. And Aimee Semple McPherson, a charismatic evangelist who founded a religion, cemented the city’s identity as a center for spiritual exploration. All were masters of their craft, but also illusionists, of a kind. The images they conjured up—of a blossoming city in the desert, of a factory of celluloid dreamworks, of a community of seekers finding personal salvation under the California sun—were like mirages liable to evaporate on closer inspection. All three would pay a steep price to realize these dreams, in a crescendo of hubris, scandal, and catastrophic failure of design that threatened to topple each of their personal empires. Yet when the dust settled, the mirage that was LA remained. Spanning the years from 1900 to 1930, The Mirage Factory is the enthralling tale of an improbable city and the people who willed it into existence by pushing the limits of human engineering and imagination.
Mirage
Author: Cynthia Barnett
Publisher: University of Michigan Press
ISBN: 0472021451
Category : Science
Languages : en
Pages : 249
Book Description
“Never before has the case been more compellingly made that America’s dependence on a free and abundant water supply has become an illusion. Cynthia Barnett does it by telling us the stories of the amazing personalities behind our water wars, the stunning contradictions that allow the wettest state to have the most watered lawns, and the thorough research that makes her conclusions inescapable. Barnett has established herself as one of Florida’s best journalists and Mirage is a must-read for anyone who cares about the future of the state.” —Mary Ellen Klas, Capital Bureau Chief, Miami Herald “Mirage is the finest general study to date of the freshwater-supply crisis in Florida. Well-meaning villains abound in Cynthia Barnett’s story, but so too do heroes, such as Arthur R. Marshall Jr., Nathaniel Reed, and Marjorie Harris Carr. The author’s research is as thorough as her prose is graceful. Drinking water is the new oil. Get used to it.” —Michael Gannon, Distinguished Professor of history, University of Florida, and author of Florida: A Short History “With lively prose and a journalist’s eye for a good story, Cynthia Barnett offers a sobering account of water scarcity problems facing Florida—one of our wettest states—and the rest of the East Coast. Drawing on lessons learned from the American West, Mirage uses the lens of cultural attitudes about water use and misuse to plead for reform. Sure to engage and fascinate as it informs.” —Robert Glennon, Morris K. Udall Professor of Law and Public Policy, University of Arizona, and author of Water Follies: Groundwater Pumping and the Fate of America’s Fresh Waters Part investigative journalism, part environmental history, Mirage reveals how the eastern half of the nation—historically so wet that early settlers predicted it would never even need irrigation—has squandered so much of its abundant freshwater that it now faces shortages and conflicts once unique to the arid West. Florida’s parched swamps and supersized residential developments set the stage in the first book to call attention to the steady disappearance of freshwater in the American East, from water-diversion threats in the Great Lakes to tapped-out freshwater aquifers along the Atlantic seaboard. Told through a colorful cast of characters including Walt Disney, Jeb Bush and Texas oilman Boone Pickens, Mirage ferries the reader through the key water-supply issues facing America and the globe: water wars, the politics of development, inequities in the price of water, the bottled-water industry, privatization, and new-water-supply schemes. From its calamitous opening scene of a sinkhole swallowing a house in Florida to its concluding meditation on the relationship between water and the American character, Mirage is a compelling and timely portrait of the use and abuse of freshwater in an era of rapidly vanishing natural resources.
Publisher: University of Michigan Press
ISBN: 0472021451
Category : Science
Languages : en
Pages : 249
Book Description
“Never before has the case been more compellingly made that America’s dependence on a free and abundant water supply has become an illusion. Cynthia Barnett does it by telling us the stories of the amazing personalities behind our water wars, the stunning contradictions that allow the wettest state to have the most watered lawns, and the thorough research that makes her conclusions inescapable. Barnett has established herself as one of Florida’s best journalists and Mirage is a must-read for anyone who cares about the future of the state.” —Mary Ellen Klas, Capital Bureau Chief, Miami Herald “Mirage is the finest general study to date of the freshwater-supply crisis in Florida. Well-meaning villains abound in Cynthia Barnett’s story, but so too do heroes, such as Arthur R. Marshall Jr., Nathaniel Reed, and Marjorie Harris Carr. The author’s research is as thorough as her prose is graceful. Drinking water is the new oil. Get used to it.” —Michael Gannon, Distinguished Professor of history, University of Florida, and author of Florida: A Short History “With lively prose and a journalist’s eye for a good story, Cynthia Barnett offers a sobering account of water scarcity problems facing Florida—one of our wettest states—and the rest of the East Coast. Drawing on lessons learned from the American West, Mirage uses the lens of cultural attitudes about water use and misuse to plead for reform. Sure to engage and fascinate as it informs.” —Robert Glennon, Morris K. Udall Professor of Law and Public Policy, University of Arizona, and author of Water Follies: Groundwater Pumping and the Fate of America’s Fresh Waters Part investigative journalism, part environmental history, Mirage reveals how the eastern half of the nation—historically so wet that early settlers predicted it would never even need irrigation—has squandered so much of its abundant freshwater that it now faces shortages and conflicts once unique to the arid West. Florida’s parched swamps and supersized residential developments set the stage in the first book to call attention to the steady disappearance of freshwater in the American East, from water-diversion threats in the Great Lakes to tapped-out freshwater aquifers along the Atlantic seaboard. Told through a colorful cast of characters including Walt Disney, Jeb Bush and Texas oilman Boone Pickens, Mirage ferries the reader through the key water-supply issues facing America and the globe: water wars, the politics of development, inequities in the price of water, the bottled-water industry, privatization, and new-water-supply schemes. From its calamitous opening scene of a sinkhole swallowing a house in Florida to its concluding meditation on the relationship between water and the American character, Mirage is a compelling and timely portrait of the use and abuse of freshwater in an era of rapidly vanishing natural resources.
Inside The Mirage
Author: Thomas Lippman
Publisher: Basic Books
ISBN: 0786742534
Category : History
Languages : en
Pages : 402
Book Description
The relationship between the United States and Saudi Arabia has always been a marriage of convenience, not affection. In a bargain cemented by President Roosevelt and Saudi Arabia's founding king in 1945, Americans gained access to Saudi oil, and the Saudis sent the dollars back with purchases of American planes, American weapons, American construction projects and American know-how that brought them modernization, education and security. The marriage has suited both sides. But how long can it last? In Inside the Mirage , veteran Middle East journalist Thomas W. Lippman shows that behind the official proclamations of friendship and alliance lies a complex relationship that has often been strained by the mutual aversion of two very different societies. Today the U.S.-Saudi partnership faces its greatest challenge as younger Saudis less enamored of America rise to prominence and Americans, scorched by Saudi-based terrorism, question the value of their ties to the desert kingdom. With so much at stake for the entire, ever-volatile Middle East, this compelling and absolutely necessary account brings the light of new research onto the relationship between these two countries and the future of their partnership.
Publisher: Basic Books
ISBN: 0786742534
Category : History
Languages : en
Pages : 402
Book Description
The relationship between the United States and Saudi Arabia has always been a marriage of convenience, not affection. In a bargain cemented by President Roosevelt and Saudi Arabia's founding king in 1945, Americans gained access to Saudi oil, and the Saudis sent the dollars back with purchases of American planes, American weapons, American construction projects and American know-how that brought them modernization, education and security. The marriage has suited both sides. But how long can it last? In Inside the Mirage , veteran Middle East journalist Thomas W. Lippman shows that behind the official proclamations of friendship and alliance lies a complex relationship that has often been strained by the mutual aversion of two very different societies. Today the U.S.-Saudi partnership faces its greatest challenge as younger Saudis less enamored of America rise to prominence and Americans, scorched by Saudi-based terrorism, question the value of their ties to the desert kingdom. With so much at stake for the entire, ever-volatile Middle East, this compelling and absolutely necessary account brings the light of new research onto the relationship between these two countries and the future of their partnership.
Mirage Men
Author: Mark Pilkington
Publisher: Hachette UK
ISBN: 1849012407
Category : Body, Mind & Spirit
Languages : en
Pages : 248
Book Description
Seeking the truth about UFOs in America, Mark Pilkington and John Lundberg uncover a 60 year-old story stranger than any conspiracy thriller. Through the fascinating account of their quest Mark Pilkington reveals the long history of UFOria and its parallels in little known tales from the murky worlds of espionage, psychological warfare and advanced military technology. Along the way he discovers that the truth about flying saucers is stranger and more complex than either the ufologists or debunkers would have us believe. As he crossed the US meeting intelligence agents, disinformation specialists and UFO hunters Pilkington was confronted with a dizzying array of ever more outrageous claims and counter claims. As a result he began to suspect that, instead of covering up stories of crashed flying saucers, alien contacts and secret underground bases, the US intelligence agencies had actually been promoting them all along. Meanwhile he has to deal with his own uncertainties, the suspicions of the UFO community and a partner who is starting to believe that conspiracy theorists might be right after all. With a fresh, funny and objective approach, Pilkington is the ideal guide to steer us through these strange territories, where nothing is quite as it seems and reality is just a matter of managing perceptions.
Publisher: Hachette UK
ISBN: 1849012407
Category : Body, Mind & Spirit
Languages : en
Pages : 248
Book Description
Seeking the truth about UFOs in America, Mark Pilkington and John Lundberg uncover a 60 year-old story stranger than any conspiracy thriller. Through the fascinating account of their quest Mark Pilkington reveals the long history of UFOria and its parallels in little known tales from the murky worlds of espionage, psychological warfare and advanced military technology. Along the way he discovers that the truth about flying saucers is stranger and more complex than either the ufologists or debunkers would have us believe. As he crossed the US meeting intelligence agents, disinformation specialists and UFO hunters Pilkington was confronted with a dizzying array of ever more outrageous claims and counter claims. As a result he began to suspect that, instead of covering up stories of crashed flying saucers, alien contacts and secret underground bases, the US intelligence agencies had actually been promoting them all along. Meanwhile he has to deal with his own uncertainties, the suspicions of the UFO community and a partner who is starting to believe that conspiracy theorists might be right after all. With a fresh, funny and objective approach, Pilkington is the ideal guide to steer us through these strange territories, where nothing is quite as it seems and reality is just a matter of managing perceptions.
Vision or Mirage
Author: David Rundell
Publisher: Bloomsbury Publishing
ISBN: 1838605940
Category : History
Languages : en
Pages : 336
Book Description
'Clear-eyed and illuminating.' Henry Kissinger, former Secretary of State and National Security Advisor 'A rich, superbly researched, balanced history of the modern Kingdom of Saudi Arabia.' General David Petraeus, former Commander U.S. Central Command and Director of the Central Intelligence Agency 'Destined to be the best single volume on the Kingdom.' Ambassador Chas Freeman, former U.S. Ambassador to Saudi Arabia and Assistant Secretary of Defense 'Should be prescribed reading for a new generation of political leaders.' Sir Richard Dearlove, former Chief of H.M. Secret Intelligence Service (MI6) and Master of Pembroke College, Cambridge. Something extraordinary is happening in Saudi Arabia. A traditional, tribal society once known for its lack of tolerance is rapidly implementing significant economic and social reforms. An army of foreign consultants is rewriting the social contract, King Salman has cracked down hard on corruption, and his dynamic though inexperienced son, the Crown Prince Mohammad bin Salman, is promoting a more tolerant Islam. But is all this a new vision for Saudi Arabia or merely a mirage likely to dissolve into Iranian-style revolution? David Rundell - one of America's foremost experts on Saudi Arabia - explains how the country has been stable for so long, why it is less so today, and what is most likely to happen in the future. The book is based on the author's close contacts and intimate knowledge of the country where he spent 15 years living and working as a diplomat. Vision or Mirage demystifies one of the most powerful, but least understood, states in the Middle East and is essential reading for anyone interested in the power dynamics and politics of the Arab World.
Publisher: Bloomsbury Publishing
ISBN: 1838605940
Category : History
Languages : en
Pages : 336
Book Description
'Clear-eyed and illuminating.' Henry Kissinger, former Secretary of State and National Security Advisor 'A rich, superbly researched, balanced history of the modern Kingdom of Saudi Arabia.' General David Petraeus, former Commander U.S. Central Command and Director of the Central Intelligence Agency 'Destined to be the best single volume on the Kingdom.' Ambassador Chas Freeman, former U.S. Ambassador to Saudi Arabia and Assistant Secretary of Defense 'Should be prescribed reading for a new generation of political leaders.' Sir Richard Dearlove, former Chief of H.M. Secret Intelligence Service (MI6) and Master of Pembroke College, Cambridge. Something extraordinary is happening in Saudi Arabia. A traditional, tribal society once known for its lack of tolerance is rapidly implementing significant economic and social reforms. An army of foreign consultants is rewriting the social contract, King Salman has cracked down hard on corruption, and his dynamic though inexperienced son, the Crown Prince Mohammad bin Salman, is promoting a more tolerant Islam. But is all this a new vision for Saudi Arabia or merely a mirage likely to dissolve into Iranian-style revolution? David Rundell - one of America's foremost experts on Saudi Arabia - explains how the country has been stable for so long, why it is less so today, and what is most likely to happen in the future. The book is based on the author's close contacts and intimate knowledge of the country where he spent 15 years living and working as a diplomat. Vision or Mirage demystifies one of the most powerful, but least understood, states in the Middle East and is essential reading for anyone interested in the power dynamics and politics of the Arab World.
The Hedge Fund Mirage
Author: Simon A. Lack
Publisher: John Wiley & Sons
ISBN: 1118164318
Category : Business & Economics
Languages : en
Pages : 208
Book Description
The dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance. The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.
Publisher: John Wiley & Sons
ISBN: 1118164318
Category : Business & Economics
Languages : en
Pages : 208
Book Description
The dismal truth about hedge funds and how investors can get a greater share of the profits Shocking but true: if all the money that's ever been invested in hedge funds had been in treasury bills, the results would have been twice as good. Although hedge fund managers have earned some great fortunes, investors as a group have done quite poorly, particularly in recent years. Plagued by high fees, complex legal structures, poor disclosure, and return chasing, investors confront surprisingly meager results. Drawing on an insider's view of industry growth during the 1990s, a time when hedge fund investors did well in part because there were relatively few of them, The Hedge Fund Mirage chronicles the early days of hedge fund investing before institutions got into the game and goes on to describe the seeding business, a specialized area in which investors provide venture capital-type funding to promising but undiscovered hedge funds. Today's investors need to do better, and this book highlights the many subtle and not-so-subtle ways that the returns and risks are biased in favor of the hedge fund manager, and how investors and allocators can redress the imbalance. The surprising frequency of fraud, highlighted with several examples that the author was able to avoid through solid due diligence, industry contacts, and some luck Why new and emerging hedge fund managers are where generally better returns are to be found, because most capital invested is steered towards apparently safer but less profitable large, established funds rather than smaller managers that evoke the more profitable 1990s Hedge fund investors have had it hard in recent years, but The Hedge Fund Mirage is here to change that, by turning the tables on conventional wisdom and putting the hedge fund investor back on top.