Rule Based Investing: Designing Effective Quantitative Strategies For Foreign Exchange, Interest…

Hardcover | December 20, 2013

byChiente Hsu

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Use rule-based investment strategies to maintain trading and investment discipline, and protect yourself from fear, greed, pride, and other costly emotions! Since the mid-1990s, assets under management in rule-based or non-discretionary hedge funds have outgrown those in discretionary or qualitative funds. Recent research shows that rule-based funds have outperformed discretionary funds on a risk-adjusted basis over the past 30 years, and have especially outperformed during recent financial crises. This is the first comprehensive guide to designing and applying these sophisticated strategies. Combining academic rigor and practical applications, it explains what rule-based investment strategies are, how to construct them, and how to distinguish bad ones from good ones. Unlike any other guide, it systematically covers every facet of the topic, including Forex, rates, emerging markets, equity, volatility, and other key topics. Credit Suisse head of global strategy and modeling, Chiente Hsu, covers carry, momentum, seasonality, and value-based strategies; as well as the construction of portfolios of rule-based strategies that support diversification. Replete with realistic examples, this book will be a valuable resource for everyone concerned with effective investing, from traders to specialists in applied corporate finance.

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From the Publisher

Use rule-based investment strategies to maintain trading and investment discipline, and protect yourself from fear, greed, pride, and other costly emotions! Since the mid-1990s, assets under management in rule-based or non-discretionary hedge funds have outgrown those in discretionary or qualitative funds. Recent research shows that ru...

From the Jacket

Use Rule Based Investment Strategies To Capture Persistent Returns With Lower Risk   Rule based investing can help you earn higher risk-adjusted returns with lower costs, replace emotion with discipline, and reduce the risks of capital loss that have shocked “buy and hold” investors. Now, top investment strategist Chiente Hsu offer...

Chiente Hsu (New York, NY) is the founder of Alpha System Advisors, LLC. She was Managing Director and global head of Alpha Strategies at Credit Suisse. From 1998 to 2012, she led a team of Ph.Ds implementing quantitative investment strategies for investors, which included asset management, pension funds, corporates and hedge funds. D...

other books by Chiente Hsu

Format:HardcoverDimensions:192 pages, 9.25 × 6.5 × 0.64 inPublished:December 20, 2013Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0133354342

ISBN - 13:9780133354348

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Extra Content

Table of Contents

Introduction

1. Rule Based Volatility Investment

2. Rule Based Carry and Momentum Investment

3. Rule Based Value Investment

4. Rule Based Portfolio

Bibliography

Index

 

The first complete, practical, example-driven guide to building rule-based investment strategies that work.