Hedge Funds: An Analytic PerspectiveAndrew W. Lo
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“Andrew Lo is a major figure in finance so his new book on the fast-moving world of hedge funds ought to be in the 'must read' category... 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 “Anyone who is considering investing in hedge funds, or is involved in regulating the financial-services industry, should give it a go.”—The Economist “Finally a serious book on hedge funds based on real data, written by a leading financial economist.”—Tyler Cowen, Marginal Revolution “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 M?llenbeck, Financial Markets and Portfolio Management