The hedge fund edge: maximum profit/minimum risk global trend trading strategies

Autore: Editore: Codice: Pagine: Categoria: Lingua: Prezzo:

Mark Boucher Wiley 88034-1 374 Investimenti Inglese euro 72,50

Il punto fondamentale identificato dall'Autore è la scelta di investimenti che offrano un rapporto rischio/rendimento vantaggioso, indipendentemente dal mercato o dallo strumento finanziario considerati. L'approccio è davvero globale poiché prende in considerazione un insieme estremamente complesso di fattori: dalle variabili macroeconomiche alla liquidità dei mercati, dalle fasi cicliche fino alle tecniche operative vere e proprie. Si tratta in sostanza di una guida completa che consente di effettuare scelte strategiche che iniziano dal mercato sul quale operare fino ad arrivare alla selezione dei singoli titoli o commodities. Ricco di esempi, tabelle con performance e tecniche di trading, The Edge Fund Edge è una guida essenziale per l'investitore professionista che intende operare in un'ottica globale.

Indice dei contenuti

Introduction
The Importance of Risk
How It All Started
How to Recognize a Market Master
Understanding Is Key to Success
Overview of the Approach in This Book

1 The Risk of Traditional Investment Approaches
The Effects of a Long-Term Bull Market
Long-Term Returns in Equities
Protection against Bear Markets
Blue Chip Stocks
Investment Criteria
High Returns and High Consistency-The Tradeoff

2 Liquidity-The Pump That Artificially Primes Investment Flows
Understanding the Austrian Interpretation of the Liquidity Cycle
The Liquidity Cycle Illustrated with an and Economy
The Liquidity Cycle in Modern Economies
Timing the Liquidity Cycle
Understanding Economic Gauges
Implications for U.S. Markets

3 Index Valuation Gauges-Do Not Ignore the Price You Pay
Using Index Valuation Gauges
Limitations of Index Valuation Analysis
Using Gauges for Mutual Funds
Valuation Gauges for International Markets
Summary

4 Macro Technical Tools-Making Sure the Tide is Moving in the Right Direction
The Argument for Technical Analysis
Taking a Wider View
Using Technical Analysis to Confirm Trends
Reading the Message of the Markets
Overview of Technical Analysis
Answering Criticism of Technical Tools

5 Containing Risk-Sound Strategy and Money Management Methods and the Principles of Character Necessary to achieve Them
Money Management Rules
Principles of Character

6 The Essence of Consistent Prof its-Understanding
Austrian Alchemy
Alchemy versus Economics
The Long-Run Growth Paradigm
Negative Tax Policies
Disastrous Social Programs
Minimum Wage Policies
Economic Freedom Index
When Investing, Look for Countries with Low Impediments to Growth
Profiting from Understanding Distortions
Some U.S. Distortions
Evaluating Government/ Media Hype
Secular Themes and Trends
Examples of Secular Themes and Trends

7 Equity Selection Criteria Long and Short- How Profits Are Magnified
Mutual Funds
Individual Stock Selection
Identifying Meteors and Fixed Stars
Equity Fuel
Measuring Price against Growth
Modern Portfolio Theory Methods
Stock Trading Method

8 Other Asset Classes and Models to Exploit Them
Outperformance and Asset Allocation
Building a Portfolio
Exploring Asset Classes

9 Asset Allocation Models and Global Relative Strength Analysis-Constructing a Portfolio
Using Asset Allocation Models
Global Relative Strength: Radar Screen for Flexible Asset Allocation

Appendix A: Strategies for Short-Term Traders
Trading Runaway Moves

Appendix B: Recommended Books, Services, Data Sources, and Letters
Letters and Services
Data Services and Software
Books
Free Report

Appendix C: Master Spreadsheet of Systems Performance