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(From The Jacket) – Despite their grandiose claims, the vast majority of hedge funds underperform the markets. While they’re quick to publicize a standout quarter or two, what you won’t find within the pages of their glossy brochures and masterfully designed websites is that, over the long run, most of them pull down less than inspiring returns.

Yet, there are a select few fund managers who consistently outperform the averages. These hedge fund rock stars have discovered various, often closely guarded strategies for reaping market-beating returns in bull, bear, and sideways markets alike.

Who are these market-beaters and what lessons can be gleaned from their successes? How can the rest of us apply that knowledge to achieve the same extraordinary level of returns in all markets and in every economic climate?

A must-read for every savvy investor, “Profiting from Hedge Funds” provides the answers to these questions, and much more.

Author John Konnayil Vincent identifies the twelve most successful fund managers in the world. He then explores their guiding philosophies and investing styles, reveals the key differences between each of their portfolios, and analyzes their major moves over the years.

In an impressive feat of scholarship, working from information that is publicly available, Mr. Vincent reverse-engineers the best hedge fund managers’ successes, unearthing the specific strategies they have developed for beating the markets and amassing fortunes for their clients and themselves. He then develops a group of model portfolios based on those strategies and establishes sets of rules governing the establishment and management of each portfolio model. In addition to detailing the holdings and size of each portfolio, Vincent compares their historic performance against the standard indexes, providing detailed analyses of their relative strengths and weaknesses.

While that information alone is worth its weight in gold, Mr. Vincent doesn’t stop there. With the goal of giving the “little guy” the same competitive advantage as the most successful hedge funds with $100 million or more under management, he distills that knowledge into a framework and a set of clear-cut strategies for investing like a hedge fund rock star on a roadie’s budget.

Whether you employ market-neutral positions, short positions, puts, derivatives, debt instruments, or other time-tested strategies, you’ll learn how to invest like a hedge fund billionaire and achieve market-beating returns, year after year, in fair weather and foul.