I bought this book because I wanted to know more about hedge funds and their evolution. I have been very positively surprised. Not only the book is very complete, but it is very up to date and covers so much. I particularly enjoyed the chapter on investment strategies. These strategies started from basic elements enabling non specialized readers like to to get the basic features before to go into a lot of details. The illustrations complete this part greatly. 2 other original features I like are the practical illustration of the fees structure and complex liquidity features of hedge funds as well as the subprime crisis. Happy about it.