PREDATORY TRADING AND CROWDED EXITS: New thinking on market volatility - Couverture souple

Clunie, James

Couverture souple

ISBN 10 : 1906659052 ISBN 13 : 9781906659059

Editeur : Harriman House Publishing, 2010

Synopsis

In this book, James Clunie looks at a series of market phenomena that involve security prices moving temporarily away from their 'fair value', creating opportunities for traders to profit (and the risk of losses for the unaware). These phenomena have only recently begun to be well understood and key among them are those known as 'predatory trading' and 'crowded exits'. The author examines these on three levels. Firstly, he describes the basic principles and theory behind each phenomenon, to build a solid framework for the way a trader should think about these situations. Secondly, he examines the accumulated empirical evidence of these situations. This gives an idea of what generally happens in these situations, and what the profit opportunity and the risks might be like. Finally, the author considers a number of individual cases to illustrate what can happen to traders in practice. Often, these will be special situations or extreme events from history, but always cases from which the trader can learn.

A propos du livre

À propos de l?auteur

James Clunie works at Scottish Widows Investment Partnership (SWIP), where he is responsible for managing a UK equity long-short fund and a long-only fund. Previously, he was at the University of Edinburgh for four years, conducting research into stock lending and short-selling. He also set up and ran their Masters programme in Finance and Investment. Prior to this, Clunie worked at Murray Johnstone International, where he was head of asset allocation, and at Aberdeen Asset Management, where he was head of global equities. He graduated with a BSc (Hons) in Mathematics and Statistics and recently completed his PhD on indirect short-selling constraints, both at the University of Edinburgh. He is a chartered financial analyst.

Détails de l'édition

• Éditeur: Harriman House Publishing
• Date d'édition: 2010
• Langue: anglais
• ISBN 10: 1906659052
• ISBN 13: 9781906659059
• Reliure: Broché
• Nombre de pages: 220
• Coordonnées du fabricant: non disponible
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