New book out: Efficiently Inefficient by Professor Lasse Heje Pedersen

Professor Lasse Heje Pedersen publishes a new book entitled Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined with Princeton University Press. The book is already released in the US and will be available in Europe from April 12, 2015.

By combining the latest research with real-world examples and interviews with top hedge fund managers, Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing.

The book covers different core areas in finance such as fundamental tools for investment management, portfolio choice, risk management, equity strategies, macro strategies, and arbitrage.

Find more information about the book and buy it here: http://www.amazon.co.uk/Efficiently-Inefficient-Invests-Market-Determined/dp/0691166196/ref=asap_bc?ie=UTF8

From the book’s back cover

"Efficiently Inefficient is a truly modern and masterful introduction to how finance will be studied and practiced in the twenty-first century."--Andrei Shleifer, Harvard University

"For a book on investments, Efficiently Inefficient sets a completely different and higher standard. Pedersen blends the best and latest research, accessible to both MBA students and professionals, with the insights of some of the world's leading hedge fund managers. It works beautifully."--Darrell Duffie, Stanford University

"Lasse Pedersen is a gifted financial market theorist who understands that theory is most satisfying when it is combined with a deep practical understanding of institutional detail and market frictions. This terrific book showcases his strengths in all of these dimensions."--Jeremy Stein, Harvard University and former governor of the Federal Reserve