An inside view of what makes market neutral strategies tick and how they can be implemented

Market neutral strategies have gained attention for their potential to deliver positive returns regardless of the direction of underlying markets. As these strategies have built a record of good performance in recent years, their benefits have become apparent. Market Neutral Strategies draws on the wisdom and experience of professional practitioners to describe strategies that are being utilized by some of today's leading institutional investors. This book provides readers with an insider's view of...

Bruce Jacobs sifts through the history of modern finance, from the efficient market hypothesis to behavioral psychology and chaos theory, to determine the cause of recent market crashes.

• Includes a Foreword from Nobel Laureate Harry M. Markowitz.
  
• Showcases the expertise of an author who identified and predicted the causes of 1987, 1997 and 1998 crashes.
  
• Explains the risks of little-understood option replication.
  
• Offers chapter summaries, appendices and a glossary.