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...

Hedge funds have a track record of profiting on stock market crashes and sociopolitical crises. In 2008, hedge fund managers made billions betting that the US housing bubble would burst (Lewis 2011). Despite the fact that hedge funds contributed to bringing about the crisis (Lysandrou 2011) and...

Based on the typical positions of S&P 500 option market makers, we derive a funding illiquidity measure from quoted prices of S&P 500 derivatives. Our measure significantly affects the returns of leveraged managed portfolios; hedge funds with negative exposure to changes in funding illiquidity...

Nach dem großen Erfolg des Buches "Von der Subprime-Krise zur Finanzkrise" arbeiten die Autoren die Entwicklungen auf, die sich vorwiegend im Frühjahr des Jahres 2009 ergeben haben. Im Folgeband mit dem Titel "Von der Wall Street zur Main Street" gehen die Autoren fundiert und gleichzeitig...