Market Neutral Strategies
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About this ebook
Market neutral strategies have gained attention for their potential to deliver positive returns regardless of the direction of underlying markets. As these strategies have built a record of good performance in recent years, their benefits have become apparent. Market Neutral Strategies draws on the wisdom and experience of professional practitioners to describe strategies that are being utilized by some of today's leading institutional investors. This book provides readers with an insider's view of what makes these strategies work and how they can be implemented successfully. Topics covered include long-short equity and convertibles, fixed income and merger arbitrage; the tax and ERISA implications of market neutral investing; and the failure of two notorious "market neutral" ventures, Askin Capital Management and Long-Term Capital Management.
Bruce I. Jacobs (Florham Park, NJ) and Kenneth N. Levy are cofounders and principals of Jacobs Levy Equity Management, in Florham Park, New Jersey. They are coauthors of Equity Management: Quantitative Analysis for Stock Selection. Bruce Jacobs holds a PhD in finance from the Wharton School of the University of Pennsylvania. He is also the author of Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes.
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Titles in the series (39)
Fat-Tailed and Skewed Asset Return Distributions: Implications for Risk Management, Portfolio Selection, and Option Pricing Rating: 2 out of 5 stars2/5Market Neutral Strategies Rating: 3 out of 5 stars3/5Managing Credit Risk in Corporate Bond Portfolios: A Practitioner's Guide Rating: 0 out of 5 stars0 ratingsInvestment Performance Measurement Rating: 4 out of 5 stars4/5Capital Budgeting: Theory and Practice Rating: 0 out of 5 stars0 ratingsThe Real Estate Investment Handbook Rating: 0 out of 5 stars0 ratingsAnalysis of Financial Statements Rating: 3 out of 5 stars3/5Bayesian Methods in Finance Rating: 4 out of 5 stars4/5Unlocking the Secrets of the Fed: How Monetary Policy Affects the Economy and Your Wealth-Creation Potential Rating: 0 out of 5 stars0 ratingsThe Handbook of European Fixed Income Securities Rating: 0 out of 5 stars0 ratingsManaging a Corporate Bond Portfolio Rating: 0 out of 5 stars0 ratingsShort Selling: Strategies, Risks, and Rewards Rating: 5 out of 5 stars5/5Collateralized Debt Obligations: Structures and Analysis Rating: 0 out of 5 stars0 ratingsHandbook of Alternate Assets Rating: 3 out of 5 stars3/5Advanced Bond Portfolio Management: Best Practices in Modeling and Strategies Rating: 0 out of 5 stars0 ratingsSecurities Finance: Securities Lending and Repurchase Agreements Rating: 0 out of 5 stars0 ratingsHow to Select Investment Managers and Evaluate Performance: A Guide for Pension Funds, Endowments, Foundations, and Trusts Rating: 0 out of 5 stars0 ratingsThe Handbook of Commodity Investing Rating: 0 out of 5 stars0 ratingsThe Handbook of Municipal Bonds Rating: 0 out of 5 stars0 ratingsProbability and Statistics for Finance Rating: 3 out of 5 stars3/5Financial Modeling of the Equity Market: From CAPM to Cointegration Rating: 1 out of 5 stars1/5Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques Rating: 0 out of 5 stars0 ratingsComplying with the Global Investment Performance Standards (GIPS) Rating: 0 out of 5 stars0 ratingsIntroduction to Securitization Rating: 0 out of 5 stars0 ratingsIntroduction to Structured Finance Rating: 0 out of 5 stars0 ratingsQuantitative Equity Investing: Techniques and Strategies Rating: 4 out of 5 stars4/5Leveraged Finance: Concepts, Methods, and Trading of High-Yield Bonds, Loans, and Derivatives Rating: 0 out of 5 stars0 ratingsThe Handbook of Traditional and Alternative Investment Vehicles: Investment Characteristics and Strategies Rating: 0 out of 5 stars0 ratingsFinance: Capital Markets, Financial Management, and Investment Management Rating: 0 out of 5 stars0 ratingsFinancial Models with Levy Processes and Volatility Clustering Rating: 3 out of 5 stars3/5
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