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Has any one here actually used a market neutral approach
with success?
I have been curious about market neutral investing/trading
for sometime, but my outlook is darkened by a paragraph
from a user review of Joseph Nicholas's Market Neutral
Investing. The user says the book is a very good but the
approach itself is not.
Here is a quotation (the full review can be found on
Amazon):
"I am skeptical about the superior risk adjusted return of
market neutral strategies because of my own experience. We
invested in three such market neutral funds. They had
alluring past performance that confirmed everything
Nicholas says about such funds. The minute we invested in
such funds, their performance mysteriously deteriorated.
Somehow, all these funds benefited from convergence before
we invested. But, suffered from divergence right after we
invested. Within two years, we closed out our investment
positions in all three funds, and never regretted it....
Besides my reservation regarding market neutral investing,
this book gives you an excellent foundation on this
subject."
--- Pal Anand <palsanand@xxxxxxxxx> wrote:
>
> The reader reviews of this book were not encouraging.
>
> rgds, Pal
>
> > If you liked the above article on pair trading you
> would
> like "Market Neutral" ( Long /Short strategies for Every
> Market
> Enviroment) by Lederman and Kleine which has a lot of
> such similiar
> strategies and given in detail including the above
> .Scraps of the
> book can be found by any search engine and are available
> all over the
> web.
> >
> >
> > Warm regards,
> > Natasha
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > ---------------------------------
> > Do you Yahoo!?
> > Yahoo! Mail - You care about security. So do we.
>
>
>
>
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