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Book Cover
E-book
Author Pedersen, Lasse Heje, author

Title Efficiently inefficient : how smart money invests and market prices are determined / Lasse Heje Pedersen
Published Princeton : Princeton University Press, [2015]
©2015

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Description 1 online resource (xiv, 348 pages)
Series Book collections on Project MUSE
Contents Part I: Active investment -- Understanding hedge funds and other smart money -- Evaluating trading strategies: Performance measures -- Finding and backtesting strategies: Profiting in efficiently inefficient markets -- Portfolio construction and risk management -- Trading and financing a strategy: Market and funding liquidity -- Part II: Equity strategies -- Introduction to equity valuation and investing -- Discretionary equity investing -- Dedicated short bias -- Quantitative equity investing -- Part III: Asset allocation and macro strategies -- Introduction to asset allocation: The returns to the major asset classes -- Global macro investing -- Managed futures: Trend-following investing interview with David Harding of Winton capital management -- Part IV: Aritrage strategies -- Introduction to arbitrage pricing and trading -- Fixed-income arbitrage -- Convertible bond arbitrage -- Event-driven investments
Summary Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Leading financial economist Lasse Heje Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers to show how certain trading strategies make money - and why they sometimes don't. -- from back cover
Bibliography Includes bibliographical references and index
Notes In English
Print version record
Subject Investment analysis.
Investments.
Portfolio management.
Capital market.
Securities -- Prices.
Liquidity (Economics)
Corporations -- Finance.
Business enterprises -- Finance.
portfolios (financial records)
BUSINESS & ECONOMICS -- Finance.
Corporations -- Finance
Business enterprises -- Finance
Capital market
Investment analysis
Investments
Liquidity (Economics)
Portfolio management
Securities -- Prices
Investitionsanalyse
Portfoliomanagement
Arbitrage-Pricing-Theorie
Gestion de portefeuille.
Investissements.
Form Electronic book
LC no. 2014037791
ISBN 9781400865734
1400865735
0691196095
9780691196091