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About Kevin Coldiron
Kevin Coldiron is a Lecturer in Asset Management at the UC Berkeley's Haas Business School and worked for 25 years in quantitative finance. In the mid-1990’s he was part of the team at Barclays Global Investors (BGI) that first began to popularize factor investing. Kevin ran BGI’s European hedge fund business and in 2002, co-founded Algert Coldiron Investors, which was consistently ranked by alternative investment consultants as among the best equity market neutral managers globally. He lives in Oakland, California and has a moderate-to-severe obsession with tennis. He volunteers at Bishop O’Dowd High School which serves a diverse community of kids in the Oakland area, providing them with a spiritual foundation, social conscience and access to exceptional academics.
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Books By Kevin Coldiron
Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy—and the meteoric rise of carry.
The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy—until now.
A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture—one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work—particularly in the currency and stock markets—and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including:
•The active role stock prices play in causing recessions—as opposed to the common belief that recessions cause price crashes
•The real driving force behind financial asset prices
•The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle
•How positive returns to carry over time are related to market volatility—and how central bank policies have supercharged these returns
Simply put, carry trading is now the primary determinant of the global business cycle—a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises.
The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals—as well as the next major crisis.