Hedge fund secrets : an introduction to quantitative portfolio management / Philip J. Romero, Tucker Balch
- Author:
- Romero, Philip J.
- Published:
- New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2018.
- Edition:
- First edition.
- Physical Description:
- 1 online resource (viii, 149 pages) : illustrations
- Additional Creators:
- Balch, Tucker
Access Online
- Series:
- Restrictions on Access:
- Access restricted to authorized users and institutions.
- Contents:
- Part I. The basics -- 1. Introduction. Bio: Julian Robertson, Tiger Management -- 2. So you want to be a hedge fund manager -- 3. An illustrative hedge fund strategy: arbitrage. Bio: Steven Cohen, SAC Capital -- 4. Market-making mechanics -- 5. Value investing -- 6. Introduction to company valuation -- Part II. Investing fundamentals: CAPM and EMH -- 7. How valuation is used by hedge funds. Bio: David Einhorn, Greenlight Capital -- 8. Framework for investing: the capital asset pricing model (CAPM) -- 9. The efficient market hypothesis (EMH): its three versions -- 10. The fundamental law of active portfolio management. Bio: Jim Simons, Renaissance Technologies -- Part III. Market simulation and portfolio construction -- 11. Modern portfolio theory: the efficient frontier and portfolio optimization. Bio: Ray Dalio, Bridgewater -- 12. Event studies -- 13. Overcoming data quirks to design trading strategies -- 14. Data sources. Bio: Barton Biggs, Fairfield and Traxis Partners -- 15. Backtesting strategies. Bio: Michael Steinhardt, Steinhardt Partners -- Part IV. Case study and issues -- 16. Hedge fund case study: Long Term Capital Management (LTCM). Bio: George Soros, Quantum Fund -- 17. Opportunities and challenges for hedge funds -- Teaching cases -- Resources -- Glossary -- Summary -- Index.
- Summary:
- Hedge Funds. These lightly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, which permits hedge fund managers to charge exceptionally high fees. While the details of each fund's approach are carefully guarded trade secrets, this book draws the curtain back on the core building blocks of many hedge fund strategies.
- Subject(s):
- Other Subject(s):
- Barton Biggs
- David Einhorn
- George Soros
- Jim Simons
- Julian Robertson
- Michael Steinhardt
- Ray Dalio
- Steven Cohen
- absolute return
- active investment management
- arbitrage
- capital asset pricing model
- CAPM
- derivatives
- exchange traded funds
- ETF
- fat tails
- finance
- hedge funds
- hedging
- high-frequency trading
- HFT
- investing
- investment management
- long/short
- modern portfolio theory
- MPT
- optimization
- quant
- quantitative trading strategies
- portfolio construction
- portfolio management
- portfolio optimization
- trading
- trading strategies
- Wall Street
- Genre(s):
- ISBN:
- 9781947441071 e-book
9781947441064 paperback - Bibliography Note:
- Includes bibliographical references (pages 133-134) and index.
- Other Forms:
- Also available in print.
- Technical Details:
- Mode of access: World Wide Web.
View MARC record | catkey: 27047005