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0 (hodnocen0 x )

EB

ONLINE

First edition

New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2014

1 online resource (viii, 136 pages) : illustrations

ISBN 9781631570902 (electronic bk.)

ISBN 9781631570896 paperback

Economics collection, ISSN 2163-7628

Print version: ISBN 9781631570896

Includes index

Part of: 2014 digital library

Part I. The basics -- 1. Introduction -- 2. So you want to be a hedge fund manager -- 3. An illustrative hedge fund strategy: arbitrage -- 4. Market-making mechanics -- 5. Introduction to company valuation -- Part II. Investing fundamentals: CAPM and EMH -- 6. How valuation is used by hedge funds -- 7. Framework for investing: the capital asset pricing model (CAPM) -- 8. The efficient market hypothesis (EMH), its three versions -- 9. The fundamental law of active portfolio management -- Part III. Market simulation and portfolio construction -- 10. Modern portfolio theory: the efficient frontier and portfolio optimization -- 11. Event studies -- 12. Overcoming data quirks to design trading strategies -- 13. Data sources -- 14. Back testing strategies -- Part IV. Case study and issues -- 15. Hedge fund case study: long term capital management (LTCM) -- 16. Opportunities and challenges for hedge funds -- Teaching cases -- Glossary -- Summary -- Index.

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 fund’s approach are carefully guarded trade secrets, this book draws the curtain back on the core building blocks of many hedge fund strategies..

* CAPM * ETF * HFT * MPT * Wall Street * absolute return * active investment management * arbitrage * capital asset pricing model * derivatives * exchange traded funds * fat tails * finance * hedge funds * hedging * high-frequency trading * investing * investment management * long/short * modern portfolio theory * optimization * portfolio construction * portfolio management * portfolio optimization * quant * quantitative trading strategies * trading * trading strategies

001779674

full

(Au-PeEL)EBL1771351

(CaONFJC)MIL638898

(CaPaEBR)ebr10940893

(MiAaPQ)EBC1771351

(OCoLC)889552326