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Hedge funds are in the news and on the minds of sophisticatedinvestors more than ever. Investors have questions about how thefunds are structured, where the assets are allocated, and whetherhedge funds can truly act as a hedge against market risk. Theanswers are all here in Investing in Hedge Funds.

Until recently, much of what makes hedge funds tick has beenclosely guarded--the intellectual property of Wall Street'sinvestment elite. In this updated and revised text, Joseph G.Nicholas, founder and chairman of the leading industry informationprovider Hedge Fund Research, Inc., travels inside the hedge fundmarketplace to explain the alternative investment strategies of topfund managers, providing clear descriptions of how to access thesefunds and where they're headed. It's a complete guide that everyoneinvesting in hedge funds should study closely.

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