We examine the effectiveness of applying a trend following methodology to global asset allocation between equities, bonds, commodities and real estate. The application of trend following offers a substantial improvement in risk-adjusted performance compared to traditional buy-and-hold...

Alternative alpha represents risk-adjust absolute return of an alternative investing instrument regressed on alternative risk factors. Over the years, the definition is extended to the absolute return generated from alternative asset speculation -- long-only or long-short strategy on alternative...

We provide new compelling evidence that hedge funds possess investment skill. Using the longest-in-literature unbiased sample of hedge funds, we show that large holdings of past winners earn 7% annual benchmark-adjusted return. This remarkable performance is consistent with the notion that large...

Develop the skills to manage risk in the high-stakes world of financial speculation The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading-risk management. The book puts a magnifying glass on the issue of risk, something that...

Wie kann ich systematisch mit Trading Geld verdienen? Es gibt zahlreiche Bücher, die Antworten auf diese Frage versprechen. Doch Dr. Alexander Elders ?Trading-Bibel? gilt als eines der besten und lohnenswertesten. Woran liegt das? Aus jeder Zeile spricht der Profi, der alles, was er empfiehlt,...