Understanding Hedge Funds by Scott Frush

This book provides a brief history of hedge funds. It also describes the differences between mutual funds and hedge funds from the point of view from novice investor. The books talks about the different hedge-funds styles and the tools fund managers use to identify and take advantage of profitable opportunities. It covers the legal and regulatory challenges posed by hedge funds and how best to monitor them and their managers. The final part of the book touches on the characteristics of hedge funds and their future. A worthy and educational read book.