What Hedge Funds Really Do: An Introduction to Portfolio Management (ISSN)

What Hedge Funds Really Do: An Introduction to Portfolio Management (ISSN)

When I managed a hedge fund in the late 1990s, computer-based<br />trading was a mysterious technique only available to the<br />largest hedge funds and institutional trading desks. We've come<br />a long way since then. With this book, Drs. Romero and Balch lift<br />the veil from many of these once-opaque concepts in high-tech<br />finance. We can all benefit from learning how the cooperation<br />between wetware and software creates fitter models. This book<br />does a fantastic job describing how the latest advances in financial<br />modeling and data science help today's portfolio managers<br />solve these greater riddles. -Michael Himmel, Managing<br />Partner, Essex Asset Management<br />I applaud Phil Romero's willingness to write about the hedge<br />fund world, an industry that is very private, often flamboyant,<br />and easily misunderstood. As with every sector of the investment<br />landscape, the hedge fund industry varies dramatically<br />from quantitative “black box" technology, to fundamental research<br />and old-fashioned stock picking. This book helps investors<br />distinguish between these diverse opposites and understand<br />their place in the new evolving world of finance. -Mick Elfers,<br />Founder and Chief Investment Strategist, Irvington Capital