Lasse Heje Pedersen is a finance professor at Copenhagen Business School and New York University’s Stern School of Business, and a principal at AQR Capital Management. A distinguished financial economist, he has won a number of awards, notably the Bernácer Prize, awarded to European economists under forty who have made outstanding contributions in macroeconomics and finance.
发表于2024-12-22
Efficiently Inefficient 2024 pdf epub mobi 电子书
一本有关量化投资策略的好书,是我读过的最好的量化策略书籍之一。Pedersen是难得的在学术界和投资业界都混得很开的人物。这本书很好的融合了众多投资策略的学术文献,同时考虑了普通读者的需求,内容难度不大。 全书分为四部分,第一部分主要讲解投资策略的回测与衡量;第二...
评分一本有关量化投资策略的好书,是我读过的最好的量化策略书籍之一。Pedersen是难得的在学术界和投资业界都混得很开的人物。这本书很好的融合了众多投资策略的学术文献,同时考虑了普通读者的需求,内容难度不大。 全书分为四部分,第一部分主要讲解投资策略的回测与衡量;第二...
评分Distinguished Papers Nicolae Gârleanu and Lasse Heje Pedersen Efficiently Inefficient Markets for Assets and Asset Management August 2018 James Dow and Jungsuk Han The Paradox of Financial Fire Sales: The Role of Arbitrage Capital in Determining Liquidit...
评分Distinguished Papers Nicolae Gârleanu and Lasse Heje Pedersen Efficiently Inefficient Markets for Assets and Asset Management August 2018 James Dow and Jungsuk Han The Paradox of Financial Fire Sales: The Role of Arbitrage Capital in Determining Liquidit...
评分图书标签: 金融 投资 对冲基金 策略 交易 finance 经济 量化交易
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.
Pedersen views markets as neither perfectly efficient nor completely inefficient. Rather, they are inefficient enough that money managers can be compensated for their costs through the profits of their trading strategies and efficient enough that the profits after costs do not encourage additional active investing. Understanding how to trade in this efficiently inefficient market provides a new, engaging way to learn finance. Pedersen analyzes how the market price of stocks and bonds can differ from the model price, leading to new perspectives on the relationship between trading results and finance theory. He explores several different areas in depth—fundamental tools for investment management, equity strategies, macro strategies, and arbitrage strategies—and he looks at such diverse topics as portfolio choice, risk management, equity valuation, and yield curve logic. The book’s strategies are illuminated further by interviews with leading hedge fund managers: Lee Ainslie, Cliff Asness, Jim Chanos, Ken Griffin, David Harding, John Paulson, Myron Scholes, and George Soros.
Efficiently Inefficient effectively demonstrates how financial markets really work.
'We waited and they went to zero.' Extremely well-written book, with excellent framing, logic and examples, by a successful academic with real industry experience. Outrageously recommended for the ones who want a job in hedge funds.
评分????️。
评分大杂烩,讲的很浅
评分观点很新颖,结论比较拗口也有点似是而非,但是还是很有实际价值
评分难得的好书,一个真正懂投资和交易的金融理论学者无私的分享,我甚至觉得他有点太大方了。
Efficiently Inefficient 2024 pdf epub mobi 电子书