This book is intended for anyone interested in creating and man-aging a hedge fund. Individuals trading on exchange floors, within broker-dealers, on bank currency desks, or in mutual funds, commodity pools, and other hedge funds may have a track record as a basis for a hedge fund start-up. Organizations such as mutual funds, insurance companies, and family offices may have the invest-ment experience and infrastructure to run a hedge fund but need ad-ditional information about how to operate in a levered, unregulated environment.