Lhabitant positions this as an introduction to quantitative techniques. As Mark Anson notes in his foreword, it is a difficult, near impossible task to make this easy...and Francois does his best.



If you are outside the industry (a non-financial person trying to learn about hedge funds) I would suggest you start out with something easier like, Hedge Funds for Dummies, otherwise you'll be in way over your head. This is not a book that will give you the basics about hedge funds. This is a book for people who want to obtain their CAIA, finance MBAs, or people in the industry.