| Statistical Arbitrage: Algorithmic Trading Insights and Techniques Contributor(s): Pole, Andrew (Author) |
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ISBN: 0470138440 ISBN-13: 9780470138441 Publisher: Wiley OUR PRICE: $108.00 Product Type: Hardcover - Other Formats Published: October 2007 Annotation: Praise for Statistical Arbitrage "In this lucid, intelligent, and highly readable book, Andrew Pole presents the insights of an experienced and successful exponent of statistical arbitrage, with an uncommon mixture of flair, accessibility, and academic precision. Anyone with an interest--professional or otherwise--in what goes on inside the black boxes of mathematical trading strategies will enjoy the book." "What a find! Andy Pole provides a remarkable look at the history and evolution of what is frequently considered to be the most opaque of the myriad hedge fund strategies. His detailed focus on and clever examples of the underlying drivers of stat arb are an invaluable resource for anyone investigating the strategy for the first time. Even we old-timers will learn something." "Andy Pole delivers a readable and comprehensive history of statistical arbitrage. Using real-life examples and accounts from his decades of experience, this book chronicles the rise in popularity of stat arb, explains its recent struggle for profitability, as well as provides novices with insights into the art and science of building their own models." "Statistical Arbitrage offers a rare glimpse of insights into the otherwise opaque world of short-term trading strategies. The book provides an excellent balance conceptualizing the mathematics of short-term technical trading strategies with more practical discussions on the recentperformance of such strategies. Statistical arbitrage remains for many outsiders, including hedge fund professionals, a 'black box' strategy. Andy Pole has managed to turn black into, if not white, then a lighter shade of gray." "Andy Pole has extensive practical experience of statistical arbitrage trading together with an ability to explain the underlying theory with great clarity. This book is therefore highly recommended for those looking to master the subject matter." |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General |
| Dewey: 332.645 |
| LCCN: 2007026257 |
| Series: Wiley Finance |
| Physical Information: 0.98" H x 6.33" W x 9.03" (0.96 lbs) 256 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: While statistical arbitrage has faced some tough times?as markets experienced dramatic changes in dynamics beginning in 2000?new developments in algorithmic trading have allowed it to rise from the ashes of that fire. Based on the results of author Andrew Pole's own research and experience running a statistical arbitrage hedge fund for eight years?in partnership with a group whose own history stretches back to the dawn of what was first called pairs trading?this unique guide provides detailed insights into the nuances of a proven investment strategy. Filled with in-depth insights and expert advice, Statistical Arbitrage contains comprehensive analysis that will appeal to both investors looking for an overview of this discipline, as well as quants looking for critical insights into modeling, risk management, and implementation of the strategy. |
