This book contains everything you need to know about hedge funds - what they are, and how they can improve your portfolio. Hedge funds have long been viewed as shadowy, high-risk investments, suitable only for the super-wealthy. Today, increasing numbers of individuals and institutions have come to view hedge funds as a way to improve the overall performance of their portfolios, reduce the risk, or even do both. "All About Hedge Funds" debunks the myths that surround this increasingly visible investment tool. This comprehensive yet easy-to-follow guidebook reviews the distinctive risks of hedge funds, then shows you how they fit into the universe of investment options and how they can be incorporated into a well-diversified portfolio.Regardless of your investment objectives and strategies, "All About Hedge Funds" is the essential book for determining if this potentially lucrative - and increasingly mainstream - vehicle is right for you. Whether you are an experienced hedge fund investor or are just beginning to investigate hedge funds, "All About Hedge Funds" will give you detailed information on: opportunities and risks in the popular hedge fund; strategies; leverage, short selling, and hedging; how hedge funds fit into the global financial system; how hedge funds fit into a balanced stock/bond portfolio; legal, regulatory, and tax issues, and the EACM 100 Index, and much more.