Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Unavailable
    One Step Ahead: Private Equity and Hedge Funds After the Global Financial Crisis
    Unavailable
    One Step Ahead: Private Equity and Hedge Funds After the Global Financial Crisis
    Unavailable
    One Step Ahead: Private Equity and Hedge Funds After the Global Financial Crisis
    Ebook488 pages8 hours

    One Step Ahead: Private Equity and Hedge Funds After the Global Financial Crisis

    By Timothy Spangler

    4/5

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Never has there been such an appetite and desire to understand the financial institutions that govern us. But despite dominating international headlines, alternative investment vehicles including private equity and hedge funds remain elusive with few able to explain their success.

    In this accessible and timely study, award-winning writer Timothy Spangler explains how funds are structured to function outside of the rules that restrict other financial organizations. Designed to adapt and react to new conditions, they have thrived since the financial downturn, despite new laws and robust regulations.

    From start-ups to complex venture capital firms, this is the essential, no-nonsense guide to how hedge funds drive growth and influence markets. Staying one step ahead of the lawmakers, they continue to be significant players in both public and private sectors the world over.
    LanguageEnglish
    PublisherOneworld Publications
    Release dateFeb 22, 2016
    ISBN9781780749389
    Unavailable
    One Step Ahead: Private Equity and Hedge Funds After the Global Financial Crisis
    Author

    Timothy Spangler

    Timothy Spangler is a Forbes.com contributor and writes the award-winning blog Law of the Market. He spent two decades working on Wall Street and in the City of London, and is currently an Adjunct Professor of Law at UCLA School of Law and a Visiting Lecturer at University College London's Faculty of Law. He regularly appears as a commentator on CNN, CNBC, BBC, and Sky News.

    Related to One Step Ahead

    Related ebooks

    Corporate & Business History For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The Morality Of Altruism

      Jan 25, 2024

      IF YOU GIVE AWAY MONEY, WHY DO YOU DO it? Why those specific causes, and those specific charities? The premise of “effective altruism”, a decade-old trend promoted by neo-utilitarian philosophers and seized on by graduates in tech and finance, is tha

      5 min read

    • Article

      The Power And Limitations Of Venture Capitalists: A Review Of Sebastian Mallaby's The Power Law

      May 31, 2023

      There are more stories of successful founders than of successful investors. More people know of Elon Musk and Mark Zuckerberg than of Arthur Rock and Don Valentine. Venture capitalists may be less well known than the founders they backed, but their i

      5 min read

    • Article

      How Stories Influence Investment Questions

      Aug 6, 2021

      humans are meaning-making creatures. We see patterns where there are none; create inferences where there are only associations and distil intent where there is only coincidence. Making meaning is why we have both religion and science: two different f

      3 min read

    • Article

      The Strange Psychology of COVID-19 and Investor Behavior

      Aug 11, 2020

      If you have spent any time on social media in the last few months, you have inevitably seen a host of breathless articles opining on how “Coronavirus Will Change XYZ Forever.” While the impact of COVID-19 is undoubtedly dramatic, it is also human nat

      5 min read

    • Article

      All Will Be Revealed

      Feb 26, 2020

      All Will Be Revealed
      2 min read

    • Article

      Surviving A Financial Crisis

      Oct 5, 2018

      Surviving A Financial Crisis
      12 min read

    • Article

      Banish The Gambler

      Jun 5, 2019

      Banish The Gambler
      5 min read

    • Article

      The Death Of The IPO

      Oct 9, 2018

      The Death Of The IPO
      7 min read

    • Article

      Tiptoeing Around Alternative Investments

      Aug 6, 2021

      growing up I had a passion for listening to 80s pop music. But not everyone liked being part of the crowd and so “alternative music” was born and became a thing. It seemed so much “cooler” (80s slang) albeit a bit “darker” than pop as the artists bro

      3 min read

    • Article

      Ask Mh

      Oct 31, 2021

      Ask Mh
      1 min read

    • Article

      Best Of The Blogs

      Jun 4, 2021

      Best Of The Blogs
      3 min read

    • Article

      All Will Be Revealed - Finally

      Mar 31, 2022

      After a decade of repeated delays, the superannuation portfolio holdings disclosure regulation has been introduced. It will give members greater transparency and force greater accountability on funds. Australia’s $3.4 trillion superannuation system i

      4 min read

    • Article

      “Whether You’re Investing In The Firm Or The Tech, Always Kick Its Tyres”

      Nov 10, 2022

      This year we’ve seen three high-profile corporate scandals with larger-than-life CEOs in the dock facing serious allegations, and it’s tech companies that are at the centre of all the action: Theranos, Wirecard and Autonomy. All three CEOs have been

      6 min read

    • Article

      Nation Of Investors Doubles Down

      Aug 2, 2023

      It may come as a surprise to learn that Australians have more than $6 trillion invested in superannuation accounts, residential investment housing, platform wraps and managed funds. This is despite recessionary fears as a result of the currently high

      3 min read

    • Article

      Making an Impact

      Oct 10, 2019

      Making an Impact
      1 min read

    • Article

      Book Of The Week

      Jul 8, 2022

      Book Of The Week
      2 min read

    Reviews for One Step Ahead

    4/5

    7 ratings3 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 3/5
      This book is aimed at explaining hedge funds and private equity firms, two financial entities most people aren't aware of or understand. There's a good reason for this: these funds constitute such risky investments that the Securities and Exchange Commission (SEC) does not regulate them other than to limit them to high-stakes investors (an investor must have a minimum of $25 million in investible funds), as those people are the only ones who can afford to lose significant sums of money.Hedge funds are investment vehicles that get involved in high-risk investments: mezzanine loans (unsecured loans), foreign currency, and other "alternative" investments. The potential for failure can be high, but the rewards are also high.Private equity firms are collections of investors who pool their money to buy companies, with the intent of operating them, rehabilitating them, or repackaging them for resale.As you read Spangler's exposition you get the feeling that he's dodging real issues, as he rarely gets to the point of the discussion, but talks around points, justifying the activities involved in the two vehicles or cheerleading the people participating in them. You are never unsure of where Spangler stands; he is solidly in favor of hedge funds and private equity firms and, in particular, worships the managers who guide them. He is unabashedly unapologetic about the amount of money involved in these investments and the high salaries commanded by their managers. This book is clearly aimed at defending the 1% - the richest Americans.This book is going to be inaccessible to the average reader; one needs familiarity with investing, government regulation of financial enterprises, and the alternative means of making money besides stocks and bonds. An understanding of contracts, fiduciary responsibilities, and corporate management is also helpful. While Spangler does discuss and explain everything, his exposition is not always the clearest. The book has a clear bias. I do not recommend.
    • 4/5
      Great read for those who have some knowledge, but will be difficult if you don't have a greater background. I think there will be a lot of skepticism depending on what perspective you come from, but the arguments do have good logic to them. I would agree with those who say Spangler does sidestep some issues, but as a MBA student and econ undergrad major, this makes a lot of sense. I think that while good, this book does miss the mark, as I think this was aimed at dispelling myths about the crisis and industry, but I don't think the people it was aimed at dispelling the myths will read this book, and if they do, are provided enough background to fully process.
    • 4/5
      One Step Ahead is not an easy book for those with no more than a passing interest in the world of hedge funds. The Prologue and the Foreword both signal an accessible, if not thorough, look at the present state of private equity / hedge fund markets, and yet there's still an expectation for the reader to be well past the Intro to Financial Markets level of knowledge. The problems faced by fund managers are compounded by the PR problems of hedge funds in general. Mistrust of Wall Street is still high, and while Timothy Spangler makes a strong case for the necessity of hedge funds—arguably one of the most efficient ways to connect investors with producers—the creation and management of such funds are inherently complex and further shrouded in secrecy by only being available to certain accredited investors.I highly doubt hedge funds will ever be regulated out of existence. Their value is too great given the innate risks. I recommend Spangler's book if only to dispel many of the myths and falsehoods surrounding this component of the financial sector. If you're looking for an introduction to the topic, I recommend looking elsewhere first.