Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk.Jacques, Partner and Chief Investment Officer, Martingale Asset Management.Thoughts On Grinold Kahns Fundamental Law Of Active Management FQ Perspective by Max Darnell and Ken Ferguson Past performance is no guarantee of future results.
Kahn, Active Portfolio Management, Probus Publishing, Chicago, Ill., 1995 The following books provide alternative discussions of the topics covered in Grinold and. Scott Stewart, Portfolio Manager, Fidelity Select Equity Discipline Co-Manager, Fidelity Freedom Funds. This Second edition will not remain on the shelf, but will be continually referenced by both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management. Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in 1994. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i.e., portfolios that consistently beat the market, this hallmark book helped thousands of investment managers. Active Portfolio Management, Second Edition, now sets the bar even higher. Active Portfolio Management Grinold Kahn Editor How To Apply EconomicsLike its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. ![]() Beyond the comprehensive treatment of the active management process covered previously, this new edition expands to cover asset allocation, longshort investing, information horizons, and other topics relevant today. It revisits a number of discussions from the first edition, shedding new light on some of todays most pressing issues, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management. From the Back Cover: An Innovative Approach to Portfolio Management. ![]() Professional acclaim for Active Portfolio Management, 2nd edition. Active Portfolio Management is a unique reference for understanding the source of value-added by a money manager. Active Portfolio Management Grinold Kahn Editor Professional And AcademicI am an enthusiastic supporter of the methodology used in the book, and I highly recommend it to both the professional and academic communities. Professor William N. Goetzmann, Director, International Center for Finance, Yale University School of Management. This edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals.
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