Review ‘Finally a book that sheds a knowledgeable light on the private equity and hedge fund worlds. Long demonized by the media, Spangler has humanized these often secretive industry sectors all the while revealing just how essential they are.’ (John Tamny – Political Editor, Forbes)‘An excellent insight… Written in a very readable and accessible style, this book should be read by anyone wanting to learn more about this important and politically contentious sector.’ (Professor Julia Black – London School of Economics) Book Description A jargon-free guide to how investment funds operate and have broken free of the financial crises to grow and prosper About the Author 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 financial commentator on CNN, CNBC, BBC, and Sky News.
H**K
Uncritical
Doesn't delve into the real issues concering private equity and hedge funds, too apologetic. Had hoped that the author would have documented the many problems in the industry, but he doesn't. No analysis of locust behaviour, breach of implicit contracts with stakeholders, and operational (rather than financial) negligence. Neither is there an analysis of the contributions that the industry may have had in strengthening the great financial crisis by fostering all sorts of financial innovations (derivatives) used in the financing of leveraged buy-outs, or a discussion of where the industry should be heading. A disappointing work.
S**S
Exhaustively informative
Timothy Spangler's One Step Ahead is an extensive read on all things private equity and hedge fund related. To almost an exhaustive degree Spangler takes you chapter by chapter through different types of securities. This book will provide a novice individual with a good foundation for what these types of securities are, as well as a deeper and more thorough understanding for an experienced industry professional.
E**L
Five Stars
Excellent
K**Y
Timeley topics,
Easy to read.
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