Inside the Black Box / Wiley Finance Editions (ePub)

Inside The Black Box

The Simple Truth About Quantitative Trading

Rishi K Narang

Praise for

Inside the Black Box

"In Inside the Black Box: The Simple Truth About Quantitative
Trading, Rishi Narang demystifies quantitative trading. His
explanation and classification of alpha will enlighten even a
seasoned veteran."

?Blair Hull, Founder, Hull Trading & Matlock Trading

"Rishi provides a comprehensive overview of quantitative
investing that should prove useful both to those allocating money
to quant strategies and those interested in becoming quants
themselves. Rishi's experience as a well-respected quant fund of
funds manager and his solid relationships with many practitioners
provide ample useful material for his work."

?Peter Muller, Head of Process Driven Trading, Morgan Stanley

"A very readable book bringing much needed insight into a
subject matter that is not often covered. Provides a framework and
guidance that should be valuable to both existing investors and
those looking to invest in this area for the first time. Many
quants should also benefit from reading this book."

?Steve Evans, Managing Director of Quantitative Trading, Tudor
Investment Corporation

"Without complex formulae, Narang, himself a leading
practitioner, provides an insightful taxonomy of systematic trading
strategies in liquid instruments and a framework for considering
quantitative strategies within a portfolio. This guide enables an
investor to cut through the hype and pretense of secrecy
surrounding quantitative strategies."

?Ross Garon, Managing Director, Quantitative Strategies, S.A.C.
Capital Advisors, L.P.

"Inside the Black Box is a comprehensive, yet easy read. Rishi
Narang provides a simple framework for understanding quantitative
money management and proves that it is not a black box but rather a
glass box for those inside."

?Jean-Pierre Aguilar, former founder and CEO, Capital Fund
Management

"This book is great for anyone who wants to understand quant
trading, without digging in to the equations. It explains the
subject in intuitive, economic terms."

?Steven Drobny, founder, Drobny Global Asset Management, and
author, Inside the House of Money

"Rishi Narang does an excellent job demystifying how quants
work, in an accessible and fun read. This book should occupy a key
spot on anyone's bookshelf who is interested in understanding how
this ever increasing part of the investment universe actually
operates."

?Matthew S. Rothman, PhD, Global Head of Quantitative Equity
Strategies Barclays Capital

"Inside the Black Box provides a comprehensive and intuitive
introduction to "quant" strategies. It succinctly explains the
building blocks of such strategies and how they fit together, while
conveying the myriad possibilities and design details it takes to
build a successful model driven investment strategy."

?Asriel Levin, PhD, Managing Member, Menta Capital,
LLC