Inside The Black Box | by Rishi Narang

Inside the Black Box

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A STRAIGHTFORWARD LOOK AT QUANTITATIVE TRADING

Investors, from high-net-worth individuals to pension funds, have never been more interested in quantitative trading-mainly due to the impressive returns they often generate. And yet, few actually understand what goes on inside these black box trading strategies. That's why expert fund manager Rishi Narang has created Inside the Black Box. In non-mathematical terms — and supplemented by anecdotes and real-world stories — this guide explains how quantitative trading strategies actually work. Written in a straightforward and accessible style, this book also skillfully explains how quant strategies fit into a portfolio, why they are valuable, and how to evaluate a quant manager. Some of the questions covered throughout these pages include: How do quants capture alpha? What is the difference between theory-driven systems vs. data-mining strategies? How do quants model risk?

Demystifies quantitative trading and how it works
Provides key information that investors need to evaluate the best quantitative trades
Explains the essential elements of this discipline without heavy-handed mathematical jargon

For anyone looking to gain a better understanding of quantitative and algorithmic trading, Inside the Black Box is a highly recommended read.