Frank Fabozzi – Market Neutral Strategies
An inside view of what makes market impartial methods tick and the way they are often applied
Market impartial methods have gained consideration for his or her potential to ship constructive returns whatever the path of underlying markets. As these methods have constructed a document of excellent efficiency in recent times, their advantages have turn into obvious. Market Neutral Strategies attracts on the knowledge and expertise {of professional} practitioners to explain methods which are being utilized by a few of at this time’s main institutional traders. This e-book offers readers with an insider’s view of what makes these methods work and the way they are often applied efficiently. Topics lined embrace long-short fairness and convertibles, fastened earnings and merger arbitrage; the tax and ERISA implications of market impartial investing; and the failure of two infamous “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 can be the writer of Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes.