Systematic Fixed Income

PRAISE FOR SYSTEMATIC FIXED INCOME " Systematic Fixed Income is the definitive companion for portfolio managers and students of fixed-income markets. Dr. Richardson expertly lays the subject open, clearly explaining the how and why of tactical and strategic allocation of fixed-income portfolios. There is no substitute for this book." --DARRELL DUFFIE, Adams Distinguished Professor of Management and Professor of Finance, Graduate School of Business, Stanford University "Dr. Richardson's book is a thoughtful compilation of knowledge that he has accumulated throughout his distinguished career as both an academic and a practitioner. I strongly recommend it to anyone interested in learning about fixed income investing--systematic or otherwise." --NAVNEET ARORA, Ph.D., Head of Global Quantitative Strategies, Citadel "Scott Richardson, one of the pioneers of systematic fixed income investing and leading practitioners in the field, has produced a highly readable guide to the process, navigating the difficulties with clarity, directness, and data. Referencing the latest research, much of which he has authored, this book will spearhead the next generation of fixed income management." --STEPHEN KEALHOFER, Founder and Head of Research, KMV, DCI "Electronification of global fixed income markets has set the stage for successful systematic investing. Scott Richardson has been in the vanguard of systematic fixed income investing as an academic and practitioner. In this extremely useful book, Scott leverages his experience to provide a consistent, and practicable, guide for investors seeking alpha from timing and security selection in global fixed income." --ROSS GARON, Global Head of Quantitative Strategies at Millennium "In this comprehensive and insightful book, Scott Richardson describes the promise of a systematic approach to global fixed-income markets, showing how investors can address the challenges arising from the fragmentation of fixed-income markets into many thousands of finite-lived assets. The book is a compelling proposal for a modern approach to fixed-income asset management." --JOHN CAMPBELL, Morton L. and Carole S. Olshan Professor of Economics, Harvard University "Systematic investing--driven by models and data--has made major inroads in equity investment, but not in fixed income. This book is long overdue, and Scott Richardson is the ideal author. Combining his clear grasp of theory, coupled with his long practicioner experience, it is a 'must read' for fixed-income investors." --STEPHEN SCHAEFER, Professor, London Business School "This book is a must read for any serious investment professional or aspiring student interested in systematic fixed income. Scott Richardson is one of the most experienced hands-on global professionals in this space bringing a unique combination of insights that span both academia and industry." --ANDREW JACKSON, Head of Research, Vinva Investment Management