Lhabitant has written other books on hedge funds. This is his most ambitious, offering an in-depth look at hedge funds—history, legal structures, investment approaches, performance measurement, hedge fund indexes, etc. The writing is scholarly and insightful. The book's flaw lies not in what it contains but in what it leaves out. The issues the author skips or glosses over are what would make you decide to not invest in hedge funds. For what it offers, the book is excellent, but consider it marketing packaged as scholarship ...