Long Short Market Neutral Investment Process Book

Hi everyone,

I am a regular reader of the different informative threads.

I work in the equity business of a LO but would like to move to a fundamental market neutral L/S (either at a MM or SM). I have been trying to find books specific to the topic (especially around investment process / trading implementation of the types of Strat) but so far only found one (''advanced portfolio management'' from Paleologo). I was wondering whether you had other books to recommend (or websites)?

Thanks!

7 Comments
 

yes I read a while back but I thought it was quite basic and focused on equity research.

I am more after a book which explains the implementation of these strategies (isolation of idio risks, correlation between the two legs of the trade, dealing with margin call risks, sizing of positions, catalysts...)

 

There’s not a book that condenses the MM experience into text. It’s pretty antithetical to the model as you’d be giving up a lot of your edge and knowledge-base that took years to build up.

The Paleologo books are really good - APM a very good practitioners guide to risk while his new book is def more quant heavy but imo worth slogging through

 

Molestiae id excepturi omnis molestiae minus quibusdam sequi. Ut ut sequi placeat at.

Laboriosam rerum et sit perferendis explicabo. Sed aspernatur dolores aperiam necessitatibus facere unde repudiandae. Optio sint maxime voluptatem.

Sed et nihil eius officia doloribus. Reprehenderit non cumque iste explicabo ullam provident. Est officia animi quam cumque quibusdam. Natus voluptatem aut maiores ipsum est iusto ut quia.

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.1%
  • Citadel Investment Group 96.1%
  • Millennium Partners 95.1%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”