When I managed a hedge fund in the late 1990s, computer-based
trading was a mysterious technique only available to the
largest hedge funds and institutional trading desks. We’ve come
a long way since then. With this book, Drs. Romero and Balch lift
the veil from many of these once-opaque concepts in high-tech
finance. We can all benefit from learning how the cooperation
between wetware and software creates fitter models. This book
does a fantastic job describing how the latest advances in financial
modeling and data science help today’s portfolio managers
solve these greater riddles. —Michael Himmel, Managing
Partner, Essex Asset Management
I applaud Phil Romero’s willingness to write about the hedge
fund world, an industry that is very private, often flamboyant,
and easily misunderstood. As with every sector of the investment
landscape, the hedge fund industry varies dramatically
from quantitative “black box” technology, to fundamental research
and old-fashioned stock picking. This book helps investors
distinguish between these diverse opposites and understand
their place in the new evolving world of finance. —Mick Elfers,
Founder and Chief Investment Strategist, Irvington Capital
trading was a mysterious technique only available to the
largest hedge funds and institutional trading desks. We’ve come
a long way since then. With this book, Drs. Romero and Balch lift
the veil from many of these once-opaque concepts in high-tech
finance. We can all benefit from learning how the cooperation
between wetware and software creates fitter models. This book
does a fantastic job describing how the latest advances in financial
modeling and data science help today’s portfolio managers
solve these greater riddles. —Michael Himmel, Managing
Partner, Essex Asset Management
I applaud Phil Romero’s willingness to write about the hedge
fund world, an industry that is very private, often flamboyant,
and easily misunderstood. As with every sector of the investment
landscape, the hedge fund industry varies dramatically
from quantitative “black box” technology, to fundamental research
and old-fashioned stock picking. This book helps investors
distinguish between these diverse opposites and understand
their place in the new evolving world of finance. —Mick Elfers,
Founder and Chief Investment Strategist, Irvington Capital
