In the 1980s, Jacobs and Levy began to publish a series of articles in the peer-reviewed “Financial Analysts Journal,” “ Journal of Portfolio Management,” and “Journal of Investing.” These articles are based on the authors’ own research into and experience with detecting and exploiting the recurring profit opportunities available in a supposedly “efficient” marketplace. They changed to course of modern money management by giving active investment management the tools needed to beat the market consistently. “Equity Management” assembles these articles for the first time ever.

The book groups these 15 articles, from 1988’s “Disentangling Equity Return Regularities” through 1999’s “Alpha Transport with Derivatives,” into three parts that cover the range of Jacobs and Levy’s investment philosophy and strategies, from selecting securities to managing portfolios to expanding opportunities with short-selling and derivatives. New introductory material provides a perspective on the articles, placing each within the broader context of the authors’ whole body of knowledge. The end result is a fascinating review of the concepts that form the foundation of modern active equity management, and the contributions the authors’ works have made to that foundation.

Synopsis
Two pioneers and innovators in the money management field present their choice of groundbreaking, peer-reviewed articles on subjects including portfolio engineering and long-short investment strategy. More than just a collection of classic review pieces, however, "Equity Management" provides new material to introduce, interpret, and integrate the pieces, with an introduction that provides an authoritative overview of the chapters. Important and innovative, it is destined to become the "Graham and Dodd" of quantitative equity investing. About the Authors: Bruce I. Jacobs and Kenneth N. Levy are Principals of Jacobs Levy Equity Management. Based in Florham Park, New Jersey, Jacobs Levy Equity Management is widely recognized as a leading provider of quantitative equity strategies for institutional clients. Jacobs Levy currently manages over $15 billion in various strategies for a prestigious global roster of 50 corporate pension plans, public retirement systems, multi-employer funds, endowments, and foundations, including over 25 of Pensions and Investments' "Top 200 Pension Funds/Sponsors." Bruce I.

Jacobs holds a PhD in finance from the Wharton School of the University of Pennsylvania. He is the author of "Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes" and co-editor, with Ken Levy, of "Market Neutral Strategies". He serves on the advisory board of the "Journal of Portfolio Management". Kenneth N. Levy holds an MBA and an MA in applied economics from the Wharton School of the University of Pennsylvania. He is co-editor, with Bruce Jacobs, of "Market Neutral Strategies". A Chartered Financial Analyst, he has served on the CFA Institute's candidate curriculum committee and on the advisory board of POSIT.

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