Frontmatter -- CONTENTS -- Foreword -- Acknowledgments -- Note on Authorship -- Introduction -- EVALUATING INVESTMENT STYLE -- INDEX REPLICATION -- BENCHMARK CUSTOMIZATION -- MANAGING CREDIT PORTFOLIOS -- MANAGING MORTGAGE PORTFOLIOS -- MANAGING CENTRAL BANK RESERVES -- OPTIMAL RISK BUDGETING...

Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Leading financial economist Lasse Heje Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers to show how...