The hedge fund world has changed forever. The zero-interest-rate-era warped investment returns and corrupted the hedge fund investment process. The return of normal interest rates sent a tsunami over the industry, washing away famous investment managers and cementing a new regime. "The Little Book of Hedge Funds" explains how that happened and what you should do about it.  Ever wondered what it really means to short a stock?? Ever looked around and noticed that everything in the world now seems to be owned by companies with names like BlackRock, State Street, and Apollo? In this fully updated and expanded edition of The Little Book of Hedge Funds, Anthony Scaramucci answers these questions and many others. Writing in a fun, accessible style that finance buffs of all ages and skill levels can enjoy, Scaramucci pulls back the curtain on an industry that is often called Wall Streets last bastion of secrecy, mystery, exclusivity, and privilege. Fully updated with a new introduction and two new chapters on exciting new asset classes that have exploded since the first edition was published in 2012, this Little Book reveals all the secrets that the managers of big financial firms dont want you to know. It also tells a few great stories along the way, and imparts advice from luminaries of the financial industry, all gleaned from Anthony Scaramuccis sixteen years as the head of the SkyBridge Alternatives (SALT) Conference, one of the premiere conferences in the industry.