AARP Digital Editions offer you practical tips, provensolutions, and expert guidance. The hedge fund industry has been reeling in the wake of recentPonzi schemes and insider trading scandals as well as the loss ofbillions of dollars in assets under management due to fundclosures. Getting Started in Hedge Funds, Third Editionfocuses on the current state of the industry; how hedge funds didor did not survive the subprime and subsequent credit crisis; and,what the future holds for investors. Getting Started in HedgeFunds, Third Edition also provides readers with a briefoverview of the industry's history, and describes theinner-workings of these complex investment vehicles, including howto start a hedge fund, and what new regulations means for managersand investors. Profiles 10 highly successful hedge fund managers Addresses the Madoff scandal, as well as other lesser knownPonzi schemes, and analyzes the ripple effect felt throughout theindustry as a result of these and other scandals Despite the performance of some of these funds in the last fewyears, hedge funds are here to stay. In this Third Edition,Getting Started in Hedge Funds, Strachman provides anupdated "how-to" guide for investors interested in hedge funds inthis era of "new normal.