HedgeFunds: An Analytic Perspective (Advances in Financial Engineering)
"Anyone who is considering investing in hedge funds, or is involved in regulating the financial-services industry, should give it a go."--The Economist"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"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 Möllenbeck,Financial Markets and Portfolio Management