Hedging in the presence of transaction costs leads to complex optimization problems. These problems typically lack closed-form solutions, and their implementation relies on numerical methods that provide hedging strategies for specific parameter values. In this paper we use a genetic programming algorithm to derive explicit formulas for near-optimal hedging strategies under nonlinear transaction costs. The strategies are valid over a large range of parameter values and require no information about the structure of the optimal hedging strategy.
Discover the psychological strategies that hedge fund traders use to maximize their success in Hedge Fund Masters. Author Ari Kiev interviewed over 80 hedge fund traders, including some of the most successful hedge fund operators in the world, to illustrate the principles of success. Filled with in-depth insights and practical advice, the book explores the pressures felt by professional hedge fund traders as they manage enormous sums of their clients' money and shows you how to maintain emotional balance, focus on targets and goals, overcome deep-seated psychological obstacles, and trade with consistency and discipline.
"I've been reading the strip for a decade, and now I view the world through RJ and Verne colored glassess . . . . This outdoor odd couple holds up a fun-house mirror to our obsessions.".
Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.
Roberts and Hedges’ Clinical Procedures in Emergency Medicine continues its long tradition of being the most well-known and trusted procedures manual in emergency medicine. The newly revised 6th edition of this classic medical reference has been thoroughly updated with step-by-step Review, Procedure, and Ultrasound Boxes covering the latest equipment, devices, drug therapies, and techniques you need to know for effective practice of emergency medicine. You'll access complete and detailed guidance on exactly when, how, and why to perform all of today’s common and uncommon procedures and get the best results. Understand the ins and outs of every procedure you're likely to consider, such as how, why, when to, and when not to perform them, in addition to other emergency procedures that may be an option. Rapidly review the entire contents online, including brand-new videos of common and complex procedures, at Expert Consult. See entire procedures at a glance with the addition of new Procedure Boxes, which offer step-by-step visual instruction on over 250 emergency techniques. Ideal for point-of-care reference, these Procedure Boxes also serve as a comprehensive mini atlas and are especially useful for less-encountered procedures or those that require complex equipment. Easily apply the latest emergency ultrasound techniques through new Ultrasound Boxes, all of which are expertly written and richly illustrated with photographs of the technique as well as screen captures of the US images. Master today's hottest new procedures including ultrasound for diagnosis of pneumothorax; loop abscess drainage; pediatric fluid resuscitation; and video-assisted intubation. Clearly and efficiently visualize all emergency procedures with a complete overhaul of figures, now nearly all in full color; new diagnostic images representing multiple modalities; and online-only procedural videos demonstrating key techniques. Your purchase entitles you to access the web site until the next edition is published, or until the current edition is no longer offered for sale by Elsevier, whichever occurs first. Elsevier reserves the right to offer a suitable replacement product (such as a downloadable or CD-ROM-based electronic version) should access to the web site be discontinued.
In Behind the Hedges, journalist Rich Whitt focused his investigative lens on recent events at the University of Georgia, and in so doing examined the bigger story of "a sea change in how America supports its institutions of higher education." Through interviews with many key figures in a struggle for power at UGA over the last decade, Rich examines the controversial tenure of Michael Adams as UGA president, and how this controversy led to the unprecedented split between the Board of Regents and the UGA Foundation, with implications for the landscape of higher education funding nationwide.
Even with the recent upheaval and turmoil on Wall Street, it's still currently estimated that the hedge fund industry exceeds one trillion dollars in assets, and continues to expand. Hedge funds are all over the news, as their managers become multi-millionaires and seemingly come up with new, increasingly ostentatious ways to spend their massive fortunes. And until now, the average investor has been kept out of this world, being led to believe that one needs a MBA from a top university and millions of dollars to invest. In Do it Yourself Hedge Funds Wayne Weddington, a senior portfolio manager of one of the world's top hedge funds, demonstrates how one can learn to play this high-stakes game. In these times of uncertainty, everybody is looking for a way to maximum their investing strategies, and in Do it Yourself Hedge Funds, Weddington breaks down the complicated rules of hedging using easy-to-understand, real-life examples that can help you gain an investing edge. Weddington explains the basics of hedge funds in layman's terms, defines the words investors need to know, and lays out the necessary steps for investing in hedge funds. And even more importantly, he shows the ways in which hedge funds can go wrong. If you've ever wondered how these guys make their millions, Do it Yourself Hedge Funds is must reading.
Rewild Your Soul and Deepen Your Relationship with Our Interconnected World Discover an exciting approach to witchcraft that teaches you how to see and work with the life in all things, from animals and plants to rocks, rivers, and beyond. Nathan M. Hall provides an in-depth and thoughtful exploration of animism, guiding you down the path of the moonlit hedge with more than thirty exercises that support the needs of your wild soul. This book builds your magickal foundation through journeying and trancework, helping you connect with natural energies and patterns of the earth. You’ll meet and partner with spirits of the land, perform meditations and spells that strengthen your commitment to the craft, and learn how to cross the hedge (enter the spirit world) to participate in the Witches' Sabbat. By adopting this magickal worldview, you can create balance within yourself and empower your work as a witch.
