Stephen Satchell Livres

The book features a collection of 18 influential papers from the Journal of Derivatives and Hedge Funds, marking 20 years of industry-oriented research. It addresses the dual reputation of hedge funds as both scapegoats for financial crises and providers of liquidity. The volume is divided into two parts, with the first focusing on hedge funds and the second on markets, prices, and products. A Preface by co-editor Stephen Satchell sets the context for this comprehensive exploration of under-researched topics in finance.

This book presents a series of contributions on key issues in the decision-making behind the management of financial assets. It provides insight into topics such as quantitative and traditional portfolio construction, performance clustering and incentives in the UK pension fund industry, pension fund governance, indexation, and tracking errors. Markets covered include major European markets, equities, and emerging markets of South-East and Central Asia.