By James Altucher
Study the winning ideas in the back of hedge fund investing
Hedge money and hedge fund buying and selling innovations have lengthy been well known within the monetary group as a result of their flexibility, aggressiveness, and creativity. exchange Like a Hedge Fund capitalizes in this phenomenon and builds on it by way of bringing clean and useful rules to the buying and selling desk. This e-book stocks 20 uncorrelated buying and selling options and methods that might allow readers to exchange and make investments like by no means earlier than. With unique examples and up to date buying and selling suggestion, exchange Like a Hedge Fund is a different publication that may aid readers elevate the price in their portfolios, whereas lowering risk.
James Altucher (New York, big apple) is a accomplice at Subway Capital, a hedge fund occupied with detailed arbitrage events, and non permanent statistically established options. formerly, he was once a accomplice with know-how enterprise capital company 212 Ventures and was once CEO and founding father of Vaultus, a instant and software program corporation.
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Extra resources for Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits
10 Drawdown analysis. 19 3:03 PM Page 20 TRADE LIKE A HEDGE FUND Underwater equity curve. 12 Annual returns. qxd 12/30/03 3:14 PM Page 23 TECHNIQUE 2 How to Play the QQQ-SPY Spread Using Unilateral Pairs Trading t first glance unilateral pairs trading seems like a contradiction in terms. Pairs trading usually implies a market neutral strategy where you go long one asset and short another asset. Unilateral means we are going to take just one side of the pair. Many hedge funds use a pairs trading strategy and we discuss one such strategy in Technique 15 on preferred stock arbitrage.
Pairs trading usually implies a market neutral strategy where you go long one asset and short another asset. Unilateral means we are going to take just one side of the pair. Many hedge funds use a pairs trading strategy and we discuss one such strategy in Technique 15 on preferred stock arbitrage. While pairs trading at first glance seems safer than directional trading where one takes a bias in the market, up or down, and bets on that bias, the reality is that often pairs trading can be much less safe than other forms of trading.
The magic of compounding allows for a remarkable return of 462 percent over the past four years. 2 (see page 32), for an average annual return of 48 percent. Note that in the incredible bull market year of 1999, the system did not work as well. In 1999 things were basically straight up for tech stocks, with the rest of the market doing much more poorly. Shorting QQQs in those cases did not work as well. 4 (see page 33) depicting the drawdown analysis that the bulk of the drawdown occurred during the final part of the bull run.
Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits by James Altucher