![]() ![]() It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. Active Portfolio Management, Second Edition, now sets the bar even higher. 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. Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in 1. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management. There is a substantial expansion in both depth and breadth on the original. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. Jacques, Partner and Chief Investment Officer, Martingale Asset Management. Thoughts On Grinold & Kahn’s “Fundamental Law Of Active Management. ![]()
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