Equity Management: The Art and Science of Modern Quantitative Investing, Second Edition

by Bruce I. Jacobs, Kenneth N. Levy

Overview

The classic guide to quantitative investing—expanded and updated for today’s increasingly complex markets

From Bruce Jacobs and Ken Levy—two pioneers of quantitative equity management—the go-to guide to stock selection has been substantially updated to help you build portfolios in today’s transformed investing landscape.

A powerful combination of in-depth research and expert insights gained from decades of experience, Equity Management, Second Edition includes 24 new peer-reviewed articles that help leveraged long-short investors and leverage-averse investors navigate today’s complex and unpredictable markets.

Retaining all the content that made an instant classic of the first edition—including the authors’ innovative approach to disentangling the many factors that influence stock returns, unifying the investment process, and integrating long and short portfolio positions—this new edition addresses critical issues. Among them--

• What’s the best leverage level for long-short and leveraged long-only portfolios?
• Which behavioral characteristics explain the recent financial meltdown and previous crises?
• What is smart beta—and why should you think twice about using it?
• How do option-pricing theory and arbitrage strategies lead to market instability?
• Why are factor-based strategies on the rise?

Equity Management provides the most comprehensive treatment of the subject to date. More than a mere compilation of articles, this collection provides a carefully structured view of modern quantitative investing. You’ll come away with levels of insight and understanding that will give you an edge in increasingly complex and unpredictable markets.

Well-established as two of today’s most innovative thinkers, Jacobs and Levy take you to the next level of investing. Read Equity Management and design the perfect portfolio for your investing goals.

Product Details

ISBN-13:	9781259835254
Publisher:	McGraw Hill LLC
Publication date:	10/28/2016
Sold by:	Barnes & Noble
Format:	eBook
Pages:	960
File size:	17 MB
Note:	This product may take a few minutes to download.

About the Author

Bruce I. Jacobs and Kenneth N. Levy are cofounders and cochief investment officers of Jacobs Levy Equity Management, which manages $8 billion for a prestigious global roster of corporate defined benefit and defined contribution plans, public retirement systems, subadvised funds, and endowments/foundations.

Bruce Jacobs holds a Ph.D. in finance from the Wharton School of the University of Pennsylvania. He is the author of Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes (1999), and serves on the Journal of Portfolio Management Advisory Board and has served on the Financial Analysts Journal Advisory Council.

Ken Levy holds an M.B.A. and M.A. in business economics from the Wharton School of the University of Pennsylvania. He is a CFA charterholder and served on the Institute of Chartered Financial Analysts candidate curriculum committee.