Hedge Fund Secrets: An Introduction to Quantitative Portfolio Management


When I managed a hedge fund in the late 1990s, computer- based trading was a mysterious technique only available to the largest hedge funds and institutional trading desks. With this book, Drs. Romero and Balch lift the veil from many of these once- opaque concepts in high-tech finance. This book does a fantastic job describing how the latest advances in financial modeling and data science help today’s portfolio managers solve these greater riddles.—Michael Himmel, Managing Partner, Essex Asset Management
I applaud Phil Romero’s willingness to write about the hedge fund world, an industry that is very private, often flamboyant, and easily misunderstood. As with every sector of the investment landscape, the hedge fund industry varies dramatically from quantitative “black box” technology, to fundamental research and old-fashioned stock picking. This book helps investors distinguish between these diverse opposites and understand their place in the new evolving world of finance.—Mick Elfers, Founder and Chief Investment Strategist, Irvington Capital

This book draws the curtain back on the core building blocks of many hedge fund strategies. As an instructional text, it will assist economics and finance students interested in understanding what “quants” do, as well as software specialists interested in applying their skills to programming trading systems. It provides a needed complement to journalistic accounts of the hedge fund industry, to deepen the understanding of nonspecialist readers such as policy makers, journalists, and individual investors. The book is organized in modules to allow different readers to focus on the elements of this topic that most interest them. Its authors include a fund practitioner and a computer scientist (Balch), in collaboration with a public policy economist and finance academic (Romero).


About the Author(s)

Philip J. Romero

Dr. Philip J. Romero is an economist, policy analyst, and applied mathematician. Romero has been a professor of business administration at the University of Oregon’s Lundquist College of Business sinc…

Tucker Balch

Tucker Balch is a former F-15 pilot, professor of Interactive Computing at Georgia Tech, and co-founder of Lucena Research, Inc., an investment research firm. Dr. Balch was one of the first to bring …

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Pub Date

January 29, 2018





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