Equity Management: Quantitative Analysis for Stock Selection - Hardcover

Bruce I. Jacobs; Kenneth N. Levy

Hardcover

ISBN 10: 0071346864 ISBN 13: 9780071346863

Publisher: McGraw-Hill, 2000

Synopsis

Two pioneers and innovators in the money management field present their choice of groundbreaking, peer-reviewed articles on subjects including portfolio engineering and long-short investment strategy. More than just a collection of classic review pieces, however, Equity Management provides new material to introduce, interpret, and integrate the pieces, with an introduction that provides an authoritative overview of the chapters. Important and innovative, it is destined to become the "Graham and Dodd" of quantitative equity investing.

About this title

About the Author

Bruce Jacobs holds a Ph.D. in finance from the Wharton School of the University of Pennsylvania. He is the author of Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes, and Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes, and co-author, with Ken Levy, of Equity Management: The Art and Science of Modern Quantitative Investing, and co-editor, with Ken Levy, of Market Neutral Strategies. He 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 co-author, with Bruce Jacobs, of Equity Management: The Art and Science of Modern Quantitative Investing, and co-editor, with Bruce Jacobs, of Market Neutral Strategies. A Chartered Financial Analyst, he has served as the CFA Institute's candidate curriculum committee.

Bruce I. Jacobs and Kenneth N. Levy are co-founders and co-chief investment officers of Jacobs Levy Equity Management, which is widely recognized as a leading provider of quantitative equity strategies for institutional clients. Our prestigious global roster of clients includes corporate pension plans, public retirement and sovereign wealth funds, Taft-Hartley plans, endowments/foundations, and sub-advised funds, including many of Pensions & Investments' "Top 200 Pension Funds/Sponsors."

For more information, please visit the authors' website at jlem.com/research#/nav/books.

From the Inside Flap

Bruce Jacobs and Ken Levy have long been recognized as pioneers in quantitative equity management. As principals of Jacobs Levy Equity Management, a leading-edge quantitative money manager, Jacobs and Levy have devoted over 12 years to state-of-the-art research into security pricing, portfolio construction, and sophisticated trading techniques. Their groundbreaking work on "disentangling" return regularities, "engineering" portfolios to performance benchmarks, and "long-short" investing has been featured at professional forums such as the Institute of Chartered Financial Analysts Continuing Education seminars and in the pages of Institutional Investor and the Wall Street Journal. In the 1980s, Jacobs and Levy began to publish a series of articles in the peer-reviewed Financial Analysts Journal, Journal of Portfolio Management, and Journal of Investing. These articles are based on the authors own research into and experience with detecting and exploiting the recurring profit opportunities available in a supposedly "efficient" marketplace. They changed the course of modern money management by giving active investment management the tools needed to beat the market consistently. Equity Management assembles these articles for the first time ever. The book groups these 15 articles, from 1988's "Disentangling Equity Return Regularities" through 1999's "Alpha Transport with Derivatives," into three parts that cover the range of Jacobs and Levy's investment philosophy and strategies, from selecting securities to managing portfolios to expanding opportunities with short-selling and derivatives. New introductory material provides a perspective on the articles, placing each within the broader context of the authors' whole body of knowledge. The end result is a fascinating review of the concepts that form the foundation of modern active equity management, and the contributions the authors' works have made to that foundation.

Edition details

• Publisher: McGraw-Hill
• Publication date: 2000
• Language: English
• ISBN 10: 0071346864
• ISBN 13: 9780071346863
• Binding: Hardcover
• Edition number: 1
• Number of pages: 400