Market Neutral Investing

In today's volatile markets, managing risk is more important than
ever. Investors are looking for downside protection while
maintaining good returns--and market-neutral investing has become
one of the hottest methods to meet that need. In this book,
industry expert Joseph G. Nicholas explores new approaches to
return enhancement and risk reduction through market-neutral
strategies.

Market-neutral investments are attractive because they have
produced substantially better risk-adjusted returns than the market
during the past ten years. The complexities created by the
combination of longs, shorts, and leverage, however, make
market-neutral strategies very different from conventional
investments. Getting to know how these strategies work involves
breaking them down into their basic components and then examining
how those parts interact as a system with specific behavior
characteristics. This book examines eight key strategies, revealing
the source of their past returns and giving the investor tools with
which to measure the possibility of repeat performance.

Nicholas draws extensively on his company's database of
over three thousand hedge funds and from the daily
portfolio analysis conducted for hedge fund portfolios. He has also
incorporated extensive input and actual investment examples
provided by managers and practitioners of each of the strategies
discussed in the book.

This is the one book that looks at market-neutral strategies
head-on, assessing those that have worked and some notable ones
that have failed--and explaining why. Clear, insightful, and
illustrated with numerous charts and graphs, Market-Neutral
Investing is an invaluable guide for professional investors.