Frank J.Fabozzi - Short Selling - Strategies, Risks, and Rewards

Description

The latest theoretical and empirical evidence on short selling in the United States and throughout the world

To get the most success out of what the finance community regards as a risky business, short sellers need high-level information. The Theory and Practice of Short Selling offers managers and investors the information they need to maximize and enhance their short selling capabilities for bigger profits. Frank Fabozzi collects a group of market experts who share their knowledge on everything from the basics to the complex in the world of short sales, including mechanics of short selling, the empirical evidence on short-selling, the implications or restrictions on short selling for investment strategies, short-selling strategies pursued by institutional investors, and identifying short-selling candidates.

Frank J. Fabozzi, PhD, CFA (New Hope, PA), is the Frederick Frank Adjunct Professor of Finance at Yale University’s School of Management and Editor of the Journal of Portfolio Management. He is the author or editor of over 100 books on finance and investing.

Table of Contents

Foreword

Preface.

About the Editor.

Contributing Authors.

CHAPTER 1: Introduction

SECTION ONE: The Mechanics of Short Selling.

CHAPTER 2: Mechanics of the Equity Lending Market

CHAPTER 3: Shorting Using Futures and Options

CHAPTER 4: Is Selling ETFs Short a Financial “Extreme Sport”?

SECTION TWO: Theory and Evidence on Short Selling.

CHAPTER 5: Restrictions on Short Selling and Exploitable Opportunities for Investors

CHAPTER 6: Implications of Short Selling and Divergence of Opinion for Investment Strategy

CHAPTER 7: Short Sale Constraints and Overpricing (Owen A. Lamont).

CHAPTER 8: How Short Selling Expands the Investment Opportunity Set and Improves Upon Potential Portfolio Efficiency

CHAPTER 9: The Information Content of Short Sales

SECTION THREE: Short Selling Strategies.

CHAPTER 10: Spotting Clues in Qs

CHAPTER 11: The Economic Profit Approach to Short Selling

CHAPTER 12: Long-Short Equity Portfolios

SECTION FOUR: Short Selling and Market Efficiency.

CHAPTER 13: Short Sales in Global Perspective

CHAPTER 14: Short Selling and Financial Puzzles

Author Information

FRANK J. FABOZZI, PhD, CFA, is the Frederick Frank Adjunct Professor of Finance at Yale University’s School of Management and Editor of the Journal of Portfolio Management. Frank is a Chartered Financial Analyst and Certified Public Accountant who has authored and edited many acclaimed books in finance. He earned a doctorate in economics from the City University of New York in 1972. He is a Fellow of the International Center for Finance at Yale University.