This book tells how all went wrong - and how to still make a killing in hedge funds. Three years ago, hedge fund managers were hailed the new 'masters of the universe'. Since then the industry has lost more than half its value, and 2009 promises to be its worst year yet. Still, says industry insider Trevor Ganshaw, hedge funds continue to offer terrific investing opportunities. "Hedge Funds Humbled" profiles the industry and its major players, exploring the seven deadly mistakes that brought the industry to its knees - including greed, poor risk management, illiquid investments, and fraud. It then offers an outlook on the future of the hedge fund industry and the amazing investing opportunities it still has to offer.