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Among the crown jewels of the investment world, hedge funds lost more than $600 billion in 2008. Still, says insider Trevor Ganshaw, a partner at a multi-strategy hedge fund, these investments continue to offer terrific investing opportunities.

Hedge Funds Humbled explores the seven mistakes that brought hedge funds to their knees-including excessive leverage, poor risk management, illiquid investment, and fraud. It then offers an outlook on the future of the hedge industry and the opportunity it still has to offer. Hedge funds Humbled explains:

Ganshaw offers invaluable advice on how to spot the good funds and identify those with high fraud potential. He Argues that as the hedge fund herd thins out, quality investment opportunities will increase, and we see much-needed improvements in risk management and fund governance.

Relating one of the most dramatic financial stories in recent history, Hedge funds Humbled is an eye-opening look at an industry that may have yet to reveal its true potential.