Hedge fund secrets : an introduction to quantitative portfolio management / Philip J. Romero, Tucker Balch.

Format:

Book

Author/Creator:

Romero, Philip, author.

Balch, Tucker, author.

Series:

Economics collection.

Economics collection

Language:

English

Subjects (All):

Investments.

Hedge funds.

Portfolio management--Mathematical models.

Portfolio management.

Physical Description:

1 online resource (163 pages) : illustrations, charts.

Edition:

2nd ed.

Place of Publication:

New York, NY : Business Expert Press, 2018.

System Details:

Mode of access: World Wide Web.

Summary:

What Hedge Funds Do provides a needed complement to journalistic accounts of the hedge fund industry, to deepen the understanding of non-specialist readers such as policymakers, journalists, and individual investors. What do hedge funds really do? 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 funds' approach are carefully guarded trade secrets, this book draws the curtain back on the core building blocks of many hedge fund strategies Beyond the book's instructional goals, What Hedge Funds Do provides a needed complement to journalistic accounts of the hedge fund industry, to deepen the understanding of non-specialist readers such as policymakers, journalists, and individual investors. It is written by a fund practitioner and computer scientist (Balch), in collaboration with a public policy economist and finance academic (Romero).

Contents:

Cover

Hedge Fund Secrets: An Introduction to Quantitative Portfolio Management

Contents

Acknowledgments

PART 1: The Basics

CHAPTER 1: Introduction

Hedge Fund Founder Bio: Julian Robertson, Tiger Management

CHAPTER 2: So You Want to Be a Hedge Fund Manager

CHAPTER 3: An Illustrative Hedge Fund Strategy

Hedge Fund Founder Bio: Steven Cohen, SAC Capital

CHAPTER 4: Market-Making Mechanics

CHAPTER 5: Value Investing

CHAPTER 6: Introduction to Company Valuation

PART 2: Investing Fundamentals: CAPM and EMH

CHAPTER 7: How Valuation Is Used by Hedge Funds

Hedge Fund Founder Bio: David Einhorn, Greenlight Capital

CHAPTER 8: Framework for Investing

CHAPTER 9: The Efficient Market Hypothesis-Its Three Versions

CHAPTER 10: The Fundamental Law of Active Portfolio Management

Hedge Fund Founder Bio: Jim Simons, Renaissance Technologies

PART 3: Market Simulation and Portfolio Construction

CHAPTER 11: Modern Portfolio Theory

Hedge Fund Founder Bio: Ray Dalio, Bridgewater

CHAPTER 12: Event Studies

CHAPTER 13: Overcoming Data Quirks to Design Trading Strategies

CHAPTER 14: Data Sources

Hedge Fund Founder Bio: Barton Biggs, Fairfield and Traxis Partners

CHAPTER 15: Backtesting Strategies

Hedge Fund Founder Bio: Michael Steinhardt, Steinhardt Partners

PART 4: Case Study and Issues

CHAPTER 16: Hedge Fund Case Study

Hedge Fund Founder Bio: George Soros, Quantum Fund

CHAPTER 17: Opportunities and Challenges for Hedge Funds

Teaching Cases

Resources

Glossary

Summary

Index

Ad Page

Back Cover.

Notes:

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed July 7, 2020).

ISBN:

1-947441-07-8