Hedge Funds

An Analytic Perspective - Updated Edition

Andrew W. Lo

$82.99

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Princeton University Press
28 September 2010

Economic systems & structures; Investment & securities

Series: Advances in Financial Engineering

The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics, including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.

By: Andrew W. Lo
Imprint: Princeton University Press
Country of Publication: United States
Edition: Updated Edition
Volume: 3
Dimensions: Height: 235mm, Width: 156mm, Spine: 25mm
Weight: 567g
ISBN: 9780691145983
ISBN 10: 0691145989
Series: Advances in Financial Engineering
Pages: 400
Publication Date: 28 September 2010
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

Andrew W. Lo is the Harris & Harris Group Professor at the MIT Sloan School of Management, and director of the MIT Laboratory for Financial Engineering. He is the coauthor of A Non-Random Walk Down Wall Street and The Econometrics of Financial Markets (both Princeton).

Reviews for Hedge Funds: An Analytic Perspective - Updated Edition

Andrew Lo is a major figure in finance so his new book on the fast-moving world of hedge funds ought to be in the 'must read' category... The book is the authoritative distillation into an accessible form of a huge amount of academic research and practical experience... Professor Lo gives a masterful illustration of the problems in gauging hedge fund performance with his famous fantasy fund Capital Decimation Partners. -- Steven Bell The Business Economist Anyone who is considering investing in hedge funds, or is involved in regulating the financial-services industry, should give it a go. The Economist Finally a serious book on hedge funds based on real data, written by a leading financial economist. -- Tyler Cowen Marginal Revolution For scholars already familiar with the concepts of modern portfolio theory, the book is a good start in a quest to expand their knowledge of hedge funds strategies... As one of the leading researchers in the field, Lo sets the standard by establishing key concepts for the industry with this book. -- Marcel Mollenbeck Financial Markets and Portfolio Management