Hedge Fund Secrets: An Introduction to Quantitative Portfolio Management

by Philip J. Romero, Tucker Balch

What Hedge Funds Do provides a needed complement to journalistic accounts of the hedge fund industry, to deepen the understanding of non-specialist readers such as policymakers, journalists, and individual investors. What do hedge funds really do? These lightly-regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, which permits hedge fund managers to charge exceptionally high fees. While the details of each funds' approach are carefully guarded trade secrets, this book draws the curtain back on the core building blocks of many hedge fund strategies Beyond the book's instructional goals, What Hedge Funds Do provides a needed complement to journalistic accounts of the hedge fund industry, to deepen the understanding of non-specialist readers such as policymakers, journalists, and individual investors. It is written by a fund practitioner and computer scientist (Balch), in collaboration with a public policy economist and finance academic (Romero).

194 pages, Kindle Edition

Published January 24, 2018

Reviews

[Farhad Azadjou · Rating 3 out of 5]

The title of the book is really seductive but there is not any secrets associated with hedge funds in this book. Actually, I think if you are looking for a specific book which contains the secrets, it will be waste of time because you will never find it. Although the book title is not represent the content, you will find some useful information about portfolio management basics.
I recommend this book for someone who has a little knowledge about trading and hedge funds and wants to acquire some new useful ideas about them in a short time.

[Szymon Kulec · Rating 1 out of 5]

1, I did not like it.

Terribly short and shallow, sprinkled with stories of great fund managers. If you know what is Merton's share, Sharp ratio, alpha & beta, LS, derivatives you'll learn nothing from this book. If you don't know it, you won't learn it either.