Specialty Investment Strategies

<body topmargin="0" leftmargin="0" stylesrc="../_private/template_title.htm" bgcolor="#FFFFFF" link="#333366" vlink="#000000" alink="#000000"> <table border="0" cellspacing="0" width="100%" cellpadding="10" style="border-collapse: collapse" bordercolor="#111111" id="table11"> <tr> <td width="100%" bgcolor="#FFFFCC"> <p class="header_black">Portfolio Management: <span class="header_gold"> Specialty Strategies</span></td> </tr> </table> <div align="left"> <table border="0" cellspacing="4" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="0" id="table12"> <tr> <td width="740" bgcolor="#FFFFFF"> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table13"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table14"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap450"> <area target="_top" href="http://www.amazon.com/exec/obidos/ASIN/0470026278/ref=nosim/contingencyanaly" shape="rect" coords="0, 0, 134, 199"> </map> <img border="0" src="../images/book_stefanini_filippo_(2006).gif" width="135" height="200" usemap="#FPMap450"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table15"> <tr> <td width="100%"> <p class="book_title">Investment Strategies of Hedge Funds</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table16"> <tr> <td width="100%" colspan="4"> <p class="book_details">Filippo Stefanini</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap451"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" width="90" height="16" usemap="#FPMap451"></td> <td width="25" class="book_details_tags"> <map name="FPMap452"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_1.gif" width="90" height="16" usemap="#FPMap452"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap453"> <area target="_top" href="http://www.amazon.com/exec/obidos/ASIN/0470026278/ref=nosim/contingencyanaly" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_amazon.gif" width="90" height="25" usemap="#FPMap453"></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">Hedge fund marketing embraces a breakdown of hedge funds according to certain stylized trading strategies. There are "market neutral" hedge funds, "global macro" hedge funds, "convertible arbitrage" hedge funds, etc. It is all explained in numerous introductory hedge fund books. This is an entire book on the categories of trading strategies. The book is elementary, so you won't learn to implement any of them. Mostly, it is a lengthy advertisement for hedge fund investing ... <a target="_top" href="http://www.amazon.com/exec/obidos/ASIN/0470026278/ref=nosim/contingencyanaly">Buy now</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table17"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap446"> <area href="../titles/rogers_douglas_(2006).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_rogers_douglas_(2006).gif" usemap="#FPMap446" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table18"> <tr> <td width="100%"> <p class="book_title">Tax Aware Investment Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table19"> <tr> <td width="100%" colspan="4"> <p class="book_details">Douglas S. Rogers</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap447"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap447" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap448"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_1.gif" usemap="#FPMap448" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap449"> <area target="_self" href="../titles/rogers_douglas_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap449" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Douglas Rogers is a consultant specializing in taxable investment management. In this book, he paints a broad picture of this fascinating and challenging field</strong> ... <a href="../titles/rogers_douglas_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table20"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap53"> <area href="../titles/fabozzi_frank_(2004)_short_selling.htm" shape="rect" coords="0, 0, 125, 199"> </map> <img border="0" src="../images/book_fabozzi_frank_(2004)_short_selling.gif" usemap="#FPMap53" width="126" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table21"> <tr> <td width="100%"> <p class="book_title">Short Selling<br> <font size="3">Strategies, Risks and Rewards</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table22"> <tr> <td width="100%" colspan="4"> <p class="book_details">Frank J. Fabozzi (Ed.)</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap51"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/star_4.gif" usemap="#FPMap51" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap52"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_2.gif" usemap="#FPMap52" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap445"> <area target="_self" href="../titles/fabozzi_frank_(2004)_short_selling.htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap445" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Selling shares short will never be a respectable occupation, but it is a reality of the markets. Indeed, market neutral strategies, which combine long and short positions, are becoming increasingly popular with institutional investors. While there are various books on short selling that don't quite pass the "snicker test", this edited collection is a notable, and most welcome exception</strong> ... <a href="../titles/fabozzi_frank_(2004)_short_selling.htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table23"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap3"> <area href="../titles/jacobs_and_levy_(2004).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_jacobs_and_levy_(2004).gif" usemap="#FPMap3" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table24"> <tr> <td width="100%"> <p class="book_title">Market Neutral Strategies</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table25"> <tr> <td width="100%" colspan="4"> <p class="book_details">Bruce Jacobs and Kenneth Levy</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap454"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap454" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap2"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_1.gif" usemap="#FPMap2" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap444"> <area target="_self" href="../titles/jacobs_and_levy_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap444" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">There are plenty of non-technical books that describe the market-neutral and statistical arbitrage trading strategies that are employed by hedge funds and a few active investment managers. This is one of the best. It is an edited collection with chapters describing a variety of investing strategies for the equity and fixed income markets. The common thread is that all are non-directional strategies</strong> ... <a href="../titles/jacobs_and_levy_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table26"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap442"> <area href="../titles/calamos_n_(2003).htm" shape="rect" coords="0, 0, 131, 199"> </map> <img border="0" src="../images/book_calamos_n_(2003).jpg" usemap="#FPMap442" width="132" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table27"> <tr> <td width="100%"> <p class="book_title">Convertible Arbitrage<br> <font size="3">Insights and Techniques for Successful Hedging</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table28"> <tr> <td width="100%" colspan="4"> <p class="book_details">Nick P. Calamos</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap242"> <area target="_self" href="http://www.riskbook.com/main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap242" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap441"> <area target="_self" href="http://www.riskbook.com/main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_2.gif" usemap="#FPMap441" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2003</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap443"> <area target="_self" href="../titles/calamos_n_(2003).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap443" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Convertible arbitrage is a trading strategy employed by many hedge funds. At its heart, the strategy takes advantage of the fact that convertible bonds can be devilishly hard to value. In theory, a trader with the right tools can identify mis-pricings, put on some sort of long-short hedge, and realize a profit</strong> ... <a href="../titles/calamos_n_(2003).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table29"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> </div> </div> </td> <td bgcolor="#FFFFFF">  </td> </tr> </table> </div> <div align="center"> <center> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table30"> <tr> <td width="50%" bgcolor="#FFFFCC" align="left" valign="top"> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td><td width="50%" bgcolor="#CCCCFF" align="left" valign="top"> <p class="body" style="margin:4 7; 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