Market Neutral: State-of-the-art Strategies for Every Market Environment
Jess Lederman, Robert Arnold Klein
Irwin Professional Pub., 1996 - Business & Economics - 204 pages
This text explains both the underlying philosophy and the actual techniques for market neutral investing. It covers all aspects of this method of investing, including strategies, implementing a market neutral approach in an institutional portfolio, and regulatory and taxation issues. The authors seek to correct misconceptions about the market neutral approach, and the text gives specific equity and fixed-income strategies, shows quantitative investment techniques, and illustrates the importance of trading costs.
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Introduction to MarketNeutral Investing
19 other sections not shown
active management active return active risk advisor alpha asset class Asset Management Barr Rosenberg borrowed stock broker-dealer business taxable income capital cash client Code convertible bond correlation costs currency debt-financed earnings excess return executing broker exposure factor fees fixed-income folio funds of funds futures contracts hedge funds indebtedness institutional investment manager investment strategy investors issues leverage long and short long portfolio long-only portfolio long/short efficient frontier long/short equity long/short portfolio long/short strategy manager's market neutral market-neutral investing market-neutral portfolio market-neutral strategies ment merger multiple multiple-manager optimization option passive management percent performance plan sponsors portfolio managers prime broker private letter ruling purchase ratio residual risk result Revenue Ruling risk arbitrage sell short equity short portfolio short sales short seller simulated sold short standard deviation structure T-Bill tion tive trade or business transaction Treasury securities typically unrelated business taxable value added volatility