Intermediate
Long and short equity portfolios
A long and short equity strategy combines ownership of selected shares with positions designed to benefit when other shares decline. The two books need separate analysis.
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Hedge Funds Investment Guide
Understand hedge fund structures, investigate strategies and fees, and build a disciplined manager research process. Follow eight stages from investor access and portfolio mechanics to due diligence and ongoing review.
Start with What a hedge fund is and what it is not, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Equity and Event Strategies · All lessons
Equity and Event Strategies
Explore long and short portfolios, corporate events and their sources of risk.
Intermediate
Market neutrality and hidden factor exposure
Equal dollar amounts on the long and short sides do not guarantee equal risk. Market neutrality is a target that must be defined and tested.
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Intermediate
Merger arbitrage and the risk of a broken deal
Merger arbitrage studies the difference between a target’s market price and the consideration expected if an announced transaction completes. The spread compensates for uncertainty.
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Intermediate
Activist investing and corporate catalysts
An activist strategy buys an ownership position and seeks changes that could affect company value. The outcome depends on both the investment case and the ability...
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