This guide takes the reader through all the facets of hedge fund investing, from a basic explanation of hedge funds to essential strategies. It also explains the key issues surrounding hedge funds, including volatility, risk, and leverage. By providing a level-headed view of hedge fund investing, it debunks many of the myths that have surrounded hedge fund investing: that it is only for high-net worth individuals; that it is fraught with danger; and that hedge funds are merely unregulated investment funds that make aggressive leveraged bets in global financial and commodity markets.