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1、ffirs.frmPageiThursday,January13,20051:45PMAdditionalPraiseforMarketNeutralStrategies“MarketNeutralStrategiessurpassesitsmission.BruceJacobs,KenLevy,andtheircontributingauthorselucidatethesourcesofpotentialalphaforabreadthofstrategies,aswellastheoriginsofpriormiscues.
2、Atlonglastthereisasinglevolumethatisapracticalandcomprehensiveguideforinvestorswhowanttoexploreortolearnmoreaboutmarketneutralandavaluablereferenceforseasonedinvestors.”—EdgarJ.Sullivan,Ph.D.,CFA,ManagingDirector,AbsoluteReturnStrategies,GeneralMotorsAssetManagement“J
3、acobsandLevyhaveonceagainshowntheircommitmenttoadvancingthepracticeofinvestmentmanagementbyproducingacomprehensive,thought-leadingtreatmentofmarketneutralinvesting.Thewell-selectedauthorsprovidetimelyguidanceonwhatweasinstitutionalinvestorsarechallengedtothinkandactup
4、on—namely,aclearunderstandingofthevarioussourcesofrisk,thedecisionstobetakenbetweenmarket(beta)andactive(alpha)risk,andtheapplicationofthesameintheprudentalloca-tionofriskwithinourportfolios.”—ThomasF.Obsitnik,CFA,InvestmentAdvisor,PensionandBenefitInvestments,EliLilly
5、andCompany“Manyinstitutionalinvestorsareattractedtomarketneutralstrategies,notonlybecauseoftheirimpressiveperformance,butalsobecausetheyenableinvestorstoseparatemanagementofmarketrisk(beta)fromselectionrisk(alpha).InMarketNeutralStrategies,animpressiveline-upofrespect
6、edpractitionersprovidesanexcellentoverviewofallmajoraspectsofthesestrategies.Importantly,thebookunderscoresthattheirpowerliesinanintegratedapproachandnotasimplecombinationoflongandshortport-folios—afacttoooftenignored.Thisexcellentandhighlyrelevantpublica-tionprovides
7、practicalanswerstopracticalproblems,andIrecommendittoeveryinvestorinterestedinimplementingamarketneutralapproach.”—HansdeRuiter,SeniorPortfolioManager,ABPInvestmentsffirs.frmPageiiThursday,January13,20051:45PM“BruceJacobsandKenLevy’slatestbookaddressesitssubjectinacha
8、rac-teristicallyclear,rigorous,andcomprehensivefashion.Itcontainsawealthofinsightsaboutmarketneutralinvestingfromarangeofrea