Nicholas shows how market-neutral investing techniques hedge exposures -- to neutralize the impact of market volatility on investment performance. He demystifies these strategies and explains how to successfully put together a market-neutral portfolio. Nicholas shows the reader how to apply these approaches to a variety of investments from equity trades and fixed-income instruments, to convertibles and merger arbitrage.

This is the one book that looks at market-neutral strategies head on, assessing strategies that have worked and those that have failed -- and explaining why. Clear, insightful, and illustrated with numerous charts and graphs, Market-Neutral Investing is an invaluable guide for professional money managers.