This text explores the current state of the art in quantitative investment management across seven key areas. Chapters by academics and practitioners working in leading investment management organizations bring together major theoretical and practical aspects of the field.

"When Prime Brokers Fail" is a detailed look at the relationship between hedge funds and their brokerages and the risks that multiply in extraordinary markets. This relationship has been the source of unexpected risk for banks lending to highly leveraged hedge funds, as well as for the funds...