Efficiently Inefficient

Reprint

Pedersen, Lasse Heje 저자(글)

Princeton University Press · 2019년 09월 17일

책 소개

Financial market behavior and key trading strategies are illuminated by interviews with top hedge fund experts in a work that demystifies the secret world of active investing.

작가정보

저자(글) Pedersen, Lasse Heje

Lasse Heje Pedersen is a finance professor at Copenhagen Business School and New York University’s Stern School of Business, and a principal at AQR Capital Management.

목차

• Chapter Page
  The Main Themes in Three Simple Tables vii
  Preface xi
  Who Should Read the Book? xiv
  Acknowledgments xv
  About the Author xvii
  Introduction 1
  i Efficiently Inefficient Markets 3
  ii Global Trading Strategies: Overview of the Book 7
  iii Investment Styles and Factor Investing 14
  Part I Active Investment 17
  Chapter 1 Understanding Hedge Funds and Other Smart Money 19
  Chapter 2 Evaluating Trading Strategies: Performance Measures 27
  Chapter 3 Finding and Backtesting Strategies: Profiting in Efficiently Inefficient Markets 39
  Chapter 4 Portfolio Construction and Risk Management 54
  Chapter 5 Trading and Financing a Strategy: Market and Funding Liquidity 63
  Part II Equity Strategies 85
  Chapter 6 Introduction to Equity Valuation and Investing 87
  Chapter 7 Discretionary Equity Investing 95
  Interview with Lee S. Ainslie III of Maverick Capital 108
  Chapter 8 Dedicated Short Bias 115
  Interview with James Chanos of Kynikos Associates 127
  Chapter 9 Quantitative Equity Investing 133
  Interview with Cliff Asness of AQR Capital Management 158
  Part III Asset Allocation and Macro Strategies 165
  Chapter 10 Introduction to Asset Allocation: The Returns to the Major Asset Classes 167
  Chapter 11 Global Macro Investing 184
  Interview with George Soros of Soros Fund Management 204
  Chapter 12 Managed Futures: Trend-Following Investing 208
  Interview with David Harding of Winton Capital Management 225
  Part IV Arbitrage Strategies 231
  Chapter 13 Introduction to Arbitrage Pricing and Trading 233
  Chapter 14 Fixed-Income Arbitrage 241
  Interview with Nobel Laureate Myron Scholes 262
  Chapter 15 Convertible Bond Arbitrage 269
  Interview with Ken Griffin of Citadel 286
  Chapter 16 Event-Driven Investments 291
  Interview with John A. Paulson of Paulson & Co. 313
  References 323
  Index 331

기본정보

ISBN	9780691196091 ( 0691196095 )
발행(출시)일자	2019년 09월 17일
쪽수	368쪽
크기	157 * 231 * 28 mm / 635 g
총권수	1권
언어	영어